Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
BER

Philippine peso Markets

PHP Currency Update - Our review of Philippine peso forecasts and news plus charts and historic rates. Check PHP Trends over various time periods.

 

The Philippine peso (PHP) continues to face downward pressure amid a complex mix of domestic and international factors. The recent 17% reciprocal tariff imposed by the US on Philippine goods as part of a broader trade confrontation is shaping expectations. Analysts suggest that this development could further weaken the peso, casting doubt on its strength moving forward.

Currently, the PHP to USD exchange rate stands at 0.017510, approximately 1.6% below its three-month average of 0.017803. This range has remained relatively stable between 0.017458 and 0.018069. Forecasts from ABN Amro highlight concerns about the peso's valuation, suggesting potential depreciation against the dollar through 2025 due to weaker external balances.

In the context of political developments, the arrest of former President Rodrigo Duterte for alleged crimes against humanity has sparked discussions on the implications for the upcoming mid-term elections. While mid-term elections generally do not result in significant policy changes, this situation may create increased political volatility, potentially impacting market sentiment and currency stability.

Additionally, the Philippine currency's performance against other key currencies reflects a similar trend. The PHP to EUR has dipped to a 7-day low of 0.015058, notably 3.1% under its three-month average of 0.015537. The PHP to GBP also mirrors this trend, trading at 0.013055 which is 1.3% below its average. Conversely, the PHP to JPY has seen a slight increase, trading at 2.6057, about 1.1% higher than its three-month average.

Overall, the outlook for emerging Asian currencies, including the PHP, appears to be waning, particularly as the Philippines has not significantly capitalized on the China+1 strategy that has benefitted other regional peers like Vietnam. Given the current tariff impositions and rising political risks, market participants should closely monitor these developments for potential impacts on currency exchange rates and international transaction costs.

 

US dollar to Philippine peso - USD/PHP Trend

 
USD to PHP at 57.11 is 1.7% above its 3-month average of 56.18, having traded in a very stable 3.5% range from 55.34 to 57.28
|
 
1 USD =
57.11We compare provider deals to this wholesale mid-market rate. Read more
PHP
 
-0.2%
90d-highs
 
Track Rate

View My Rate Tracker

   
 

Compare & Save on Exchange Rates

Exchange rates can vary significantly between banks and currency exchange providers, so it's important to compare rates from different sources before making a conversion.

The below table makes it easy to calculate and compare the Total Cost you are being charged on currency rates and the possible savings of using a foreign exchange provider rather than your bank.

 

Loading exchange rates...

   
   
   
   
  

Top PHP Rates


Philippine peso to US dollar
PHPUSD 90 day chart

PHP to USD at 0.017510 is 1.6% below its 3-month average of 0.017803, having traded in a very stable 3.5% range from 0.017458 to 0.018069
PHP to USD
0.017510
+0.2%
90d-lows

Philippine peso to Malaysian ringgit
PHPMYR 90 day chart

PHP to MYR at 0.074348 is 2.1% below its 3-month average of 0.075964, having traded in a quite stable 4.9% range from 0.074214 to 0.077843
PHP to MYR
0.074348
+0.2%
90d-lows

Philippine peso to British pound
PHPGBP 90 day chart

PHP to GBP at 0.013055 is 1.3% below its 3-month average of 0.01323, having traded in a quite stable 5.8% range from 0.012867 to 0.013615
PHP to GBP
0.013055
+0.2%

Philippine peso to Australian dollar
PHPAUD 90 day chart

PHP to AUD is at 7-day lows near 0.026904, 2.1% below its 3-month average of 0.027501, having traded in a quite stable 4.9% range from 0.026851 to 0.028177
PHP to AUD
0.026914
-0.1%

Philippine peso to Canadian dollar
PHPCAD 90 day chart

PHP to CAD is at 14-day lows near 0.024035, 1.8% below its 3-month average of 0.024498, having traded in a quite stable 5.3% range from 0.023917 to 0.025178
PHP to CAD
0.024047
14d-lows

Philippine peso to Hong Kong dollar
PHPHKD 90 day chart

PHP to HKD at 0.1374 is 1.3% below its 3-month average of 0.1392, having traded in a very stable 3.4% range from 0.1369 to 0.1416
PHP to HKD
0.1374
+0.1%
90d-lows

Philippine peso to Euro
PHPEUR 90 day chart

PHP to EUR is at 7-day lows near 0.015058, 3.1% below its 3-month average of 0.015537, having traded in a relatively stable 7.5% range from 0.015022 to 0.016142
PHP to EUR
0.015058
-0.1%

Philippine peso to Singapore dollar
PHPSGD 90 day chart

PHP to SGD at 0.022493 is 2.1% below its 3-month average of 0.022968, having traded in a quite stable 4.5% range from 0.022463 to 0.023483
PHP to SGD
0.022493
+0.1%
90d-lows

A-Z


Philippine peso to Hong Kong dollar
PHPHKD 90 day chart

PHP to HKD at 0.1374 is 1.3% below its 3-month average of 0.1392, having traded in a very stable 3.4% range from 0.1369 to 0.1416
PHP to HKD
0.1374
+0.1%
90d-lows

Philippine peso to Indian rupee
PHPINR 90 day chart

PHP to INR at 1.5084 is 1.0% below its 3-month average of 1.5238, having traded in a very stable 2.7% range from 1.5037 to 1.5447
PHP to INR
1.5084
+0.3%
90d-lows

Philippine peso to US dollar
PHPUSD 90 day chart

PHP to USD at 0.017510 is 1.6% below its 3-month average of 0.017803, having traded in a very stable 3.5% range from 0.017458 to 0.018069
PHP to USD
0.017510
+0.2%
90d-lows