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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

11 Jul 2026 • 01:14 GMT

USD/PHP 61.44

📊 Forecast snapshot

  • Near-term bias: ⚪ Range-bound
  • Expected range: 60.7870 – 61.8700
  • Dominant driver: ⚖️ Interest-rate differentials
  • 3-month trend: 🟢 Uptrend

USD/PHP is trading close to 7-day lows near 61.44, supported by the rate differential from Fed rate hike expectations. It remains trading within its recent range and is holding near its 90-day average. Over the next few sessions, the pair may stay sideways as current conditions suggest little immediate change in the macro environment.

💸 Transfer implications

  • Expats: sending money to the Philippines may find conditions less favourable than recent levels if USD weakens further.
  • Travellers: exchanging USD for PHP might see limited movement but could face pressure if the pair slips.
  • Businesses: paying PHP invoices in USD may experience stable transfer costs, though potential for slight weakening remains.

🧭 Key drivers

  • Rate gap: US Fed rate expectations keep USD supported above the 90-day average, influencing the pair.
  • Risk/commodities: Global risk sentiment remains neutral, with no clear safe-haven demand or risk-off shift.
  • Global factors: External trade concerns and geopolitical uncertainties continue to influence PHP stability.

⚠️ What could change it

  • Upside risk: Unexpected hawkish US Fed signals could strengthen USD and boost USD/PHP.
  • Downside risk: Weaker US interest rate outlooks or positive developments in the Philippines economy could weaken USD.

Shopping around for FX providers may help offset less favourable exchange rates. Comparing providers could reduce overall transfer costs and better manage currency fluctuations.

 

USDPHP Bank Forecasts to end of the year

As of the current data, the forecasts for the USD/PHP currency pair are mixed. While DBS Group Research has adjusted its year-end expectation upwards to 62.7, reflecting ongoing pressure from both external and domestic factors, other institutions like MUFG see a significant gap, predicting a balance within the 60.00 to 61.50 range. The USD remains strong due to anticipated Fed rate hikes, while the PHP faces challenges from geopolitical uncertainties and economic imbalances.

Big bank views

  • DBS Group Research: Projects USD/PHP at 62.7 by year-end, citing persistent pressures.
  • MUFG: Expects a more conservative range of 60.00 to 61.50, with the possibility of a decrease towards 60.00 in the medium term.
  • UOB: Predicts a decline in USD/PHP to 57.0 by the end of the year, contrasting with the more bullish forecasts from other banks.

What could change the outlook

  • An unexpected change in US Federal Reserve interest rate policy could significantly impact the USD strength against the PHP.
  • Shifts in global geopolitical tensions or economic developments in the Philippines could alter the current trajectory for the peso.
 

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 =
61.66We compare provider deals to this wholesale mid-market rate. Read more
PHP
1d0.0%⬦
USD to PHP at 61.66 is just 0.7% above its 3-month average of 61.23, having traded in a very stable 3.9% range from 59.56 to 61.87
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  1 PHP = 0.016219 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
03 Jul 2026
61.50
0.1% ▲2 Week
18 Apr 2026
59.56
3.3% ▲3 Month
17 Jul 2025
57.32
7.4% ▲1 Year
18 Jul 2021
50.33
22.3% ▲5 Year
19 Jul 2016
46.91
31.2% ▲10 Year
22 Jul 2006
52.10
18.1% ▲20 Year
USD/PHP historic rates & change to 17-Jul-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