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USD to PHP Forecasts – US dollar to Philippine peso

Latest USD to PHP forecasts including bank predictions, key market drivers and recent trends for USD/PHP. See where analysts expect the pair to move and the factors likely to influence it.

 

USD to PHP Forecast & Outlook

27 Jun 2026 • 01:02 GMT

USD/PHP 61.31

📊 Forecast snapshot

  • Near-term bias: 🟢 Mild upside
  • Expected range: 59.5600 – 61.3100
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: 🔴 Downtrend

Currently, USD/PHP is trading close to its 90-day average, supported by risk-off sentiment and global uncertainties. The pair is finding support around recent lows, with safe-haven flows keeping the US dollar elevated. Over the next few sessions, the pair may remain supported as risk aversion persists, maintaining near-term conditions that favour the US dollar.

💸 Transfer implications

  • Expats: sending money to the Philippines may find current levels more favourable than recent ones, as USD buys more PHP.
  • Travellers: exchanging pesos could face support for the pair, making US dollars slightly less advantageous for buying pesos now.
  • Businesses: paying PHP invoices in USD might see current conditions holding near recent lows, making USD payments relatively less costly.

🧭 Key drivers

  • Rate gap: The US Federal Reserve's hawkish stance and the Philippine BSP's cautious signals support the US dollar.
  • Risk/commodities: Global risk-off sentiment and safe-haven flows are boosting USD demand.
  • Global factors: Heightened geopolitical tensions and market volatility continue to underpin safe-haven currencies.

⚠️ What could change it

  • Upside risk: A shift towards risk appetite, easing of geopolitical tensions, or a dovish Fed could weaken the dollar.
  • Downside risk: Further US rate hikes or improved risk sentiment may pressure USD, pushing the pair lower.

Shopping around for the lowest margin provider may help reduce overall transfer costs.

 

USDPHP Bank Forecasts to end of the year

The outlook for the USD/PHP exchange rate towards the end of 2026 presents varied forecasts from major institutions. MUFG predicts a gradual decrease, seeing the pair at 61.000 by Q4, while DBS has raised its year-end forecast, expecting the peso to depreciate to 62.7, citing external pressures. Conversely, UOB is more optimistic about the peso's performance, suggesting it will strengthen to 57.0 by year-end.

Big bank views

  • MUFG forecasts USD/PHP at 61.000 by Q4 2026, easing further to 60.500 by early 2027.
  • DBS predicts USD/PHP will reach 62.7 by the end of 2026, highlighting persistent external pressures.
  • UOB expects a stronger peso, with USD/PHP targeting 57.0 by Q4 2026.

What could change the outlook

  • Changes in Federal Reserve interest rate policies and their impact on the USD.
  • Developments in global oil prices and geopolitical tensions affecting market volatility.
 

USD-PHP Rate Calculator

 
 
   
   
   
   
   
 
 

USD to PHP Market Data

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

 
Sell USD   →   Buy PHP
1 USD =
61.31We compare provider deals to this wholesale mid-market rate. Read more
PHP
1d−0.1%▼
USD to PHP at 61.31 is just 0.7% above its 3-month average of 60.9, having traded in a very stable 3.9% range from 59.56 to 61.87
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  1 PHP = 0.016310 USD

Compare & Save - US dollar to Philippine peso

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

Use our USD 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 Dollar to Peso currency rates and the possible savings of using various providers.

 
 

Will the US dollar rise against the Philippine peso?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the US dollar vs Philippine peso current value is to look the USD/PHP historic rate and change over a range of periods.

The following table looks at the change in the USD to PHP exchange rate over periods from the previous week back to the last 10 years.

DateUSD/PHPChangePeriod
12 Jun 2026
60.77
0.9% ▲2 Week
28 Mar 2026
60.40
1.5% ▲3 Month
26 Jun 2025
56.48
8.5% ▲1 Year
27 Jun 2021
48.52
26.3% ▲5 Year
28 Jun 2016
47.03
30.3% ▲10 Year
01 Jul 2006
53.05
15.5% ▲20 Year
USD/PHP historic rates & change to 26-Jun-2026

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 USD/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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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