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    USD to PHP Forecasts

    Analysis of recent dollar→peso forecasts. We collate forecasts from respected FX analysts together with the latest USD to PHP performance and trends.


    Forecasts for USD to PHP

    USDPHP chart

    According to recent exchange rate analyst forecasts and currency market updates, there is a mixed outlook for the USD to PHP exchange rate. Economists expect the strength of the US dollar to eventually reverse in 2023 as the Federal Reserve's interest rate hikes cycle comes to an end. This suggests that the US dollar may weaken against the Philippine peso in the future.

    However, it's important to note that the Philippine peso has already experienced a significant drop of nearly 20 percent against the US dollar due to the war in Ukraine causing a flight to safety. This means that a reversal in the US dollar's strength may not necessarily lead to an immediate appreciation of the Philippine peso.

    Based on recent USD to PHP price data, the exchange rate currently stands at 56.68, which is 1.3% above its 3-month average of 55.96. The rate has been relatively stable, trading within a range of 54.35 to 57.21, with a 5.3% fluctuation.

    Overall, while the US dollar's strength is expected to reverse in the future, the current stability of the USD to PHP exchange rate suggests that any significant changes in the near term may be uncertain. It is advisable to closely monitor economic developments and consult further market views for a more accurate forecast.

    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.

    @bestfxrates : Market view: Mixed outlook for USD to PHP exchange rate. US dollar strength expected to soften by 2023 as Fed interest rate cycle closes but one should note the impact of Ukraine conflict on the Peso. Current exchange rate is at 56.68, up 1.3% from avg. Uncertainty looms, monitor updates closely. #USD #PHP #Forex

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    USD to PHP Market Data

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

    1 USD =
    56.65We compare provider deals to this wholesale mid-market rate. Read more
    USD to PHP at 56.65 is 1.2% above its 3-month average of 55.98, having traded in a quite stable 5.3% range from 54.35 to 57.21
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      1 PHP = 0.017652 USD
    15 Sep 2023
    0.1% 2 Week
    01 Jul 2023
    2.5% 3 Month
    29 Sep 2022
    3.3% 1 Year
    30 Sep 2018
    4.9% 5 Year
    01 Oct 2013
    30.7% 10 Year
    04 Oct 2003
    3.2% 20 Year
    USD/PHP historic rates & change to 29-Sep-2023

    Will the US 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 USD/PHP to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    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