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    CAD to PHP 2024 Forecasts

    Analysis of recent Loonie → Peso forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Canadian dollar to Philippine peso performance and trends.

     

    Forecasts for CAD to PHP

     

    The Canadian dollar (CAD) has been displaying mixed movement against the Philippine peso (PHP) amidst a lack of clear economic data. The CAD, often linked to oil prices due to Canada's significant oil exports, managed to hold steady in response to falling oil prices and in line with a strengthening US dollar. Looking ahead, the upcoming interest rate decision from the Bank of Canada (BoC) looms large, with the potential for a rate cut likely to trigger a slump in the CAD. The CAD to PHP exchange rate currently sits near 60-day lows around 42.42, just below its 3-month average, showing stability within a narrow range of 3.3% between 41.68 and 43.06.

    On the other hand, the Philippine peso experienced a notable drop of nearly 20% against the US dollar amid global market uncertainties stemming from the conflict in Ukraine, leading to a flight to safety. As for oil price movements, the Brent Crude OIL to USD rate at 81.56 is tracking 2.7% below its 3-month average of 83.86, exhibiting high volatility within a wide range of 15.4% from 77.54 to 89.50. This demonstrates the potential impact of oil price fluctuations on the CAD due to Canada's large dependence on oil exports. FX analysts suggest that the CAD to PHP exchange rate could face further fluctuations depending on developments in oil prices, US dollar strength, and the BoC's upcoming policy decisions.

     
    @bestfxrates : The CAD to PHP rate hovers near a 60-day low at 42.42 amid muted economic signals. With oil prices down, a steady CAD faces a test: the BoC's looming interest rate decision. Fiscal shifts and oil volatility leave analysts wary of potential fluctuations. #CADPHP #ForexUpdate #BoC

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    CAD to PHP Market Data

    Canadian dollar (CAD) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.

     
    1 CAD =
    42.36We compare provider deals to this wholesale mid-market rate. Read more
    PHP
    -0.0%
    2M
    CAD to PHP is at 60-day lows near 42.40, just below its 3-month average, having traded in a very stable 3.3% range from 41.68 to 43.06
    |
    Sell CAD   →   Buy PHP
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      1 PHP = 0.023609 CAD

    Compare & Save - Canadian dollar to Philippine peso

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to Philippine peso (PHP) rates from different sources before making a conversion.

    Use our CAD to PHP calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Loonie to Peso currency rates and the possible savings of using various providers.

     
    DateCAD/PHPChangePeriod
    10 Jul 2024
    42.80
    0.9% 2 Week
    25 Apr 2024
    42.31
    0.3% 3 Month
    25 Jul 2023
    41.37
    2.6% 1 Year
    26 Jul 2019
    38.72
    9.6% 5 Year
    27 Jul 2014
    40.06
    5.9% 10 Year
    29 Jul 2004
    42.16
    0.6% 20 Year
    CAD/PHP historic rates & change to 24-Jul-2024
     

    Will the Canadian dollar rise against the Philippine peso?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add CAD/PHP to your personalised Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

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    Read our Currency guide to Philippines - a practical currency and money guide to travel, living and doing business in Philippines with the Philippine peso.

     
     

    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more