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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) has recently been under pressure, influenced by several key economic factors and developments. On August 28, 2025, the Bangko Sentral ng Pilipinas (BSP) implemented a third consecutive interest rate cut, reducing the benchmark rate to 5.0%. This decision reflects a response to easing inflation levels, even as the annual inflation rate rose to 1.5% in August, driven primarily by higher housing, utility, and food costs. Despite this rise, the year-to-date inflation average remains below the BSP's target, indicating a cautious approach to monetary policy.

The trade and current account deficits pose significant challenges to the PHP, with the country reporting a trade deficit of $54.21 billion in 2024. Analysts note that these persistent deficits have contributed to a weakening of the peso, alongside concerns regarding its overvaluation since 2019, which has hampered competitiveness in the manufacturing sector and affected export performance.

Recent exchange rates show the PHP at notable lows against several major currencies. The PHP to USD is trading at 90-day lows around 0.017009, a decline of 2.1% from its three-month average of 0.017382. The stability of this currency pair has been observed within a 4.1% range. Furthermore, the PHP to EUR has also dropped to similar 90-day lows at 0.014603, representing a 1.9% decrease from its three-month average. In the case of the PHP to GBP, it reached 14-day lows of 0.012754, trailing by 1.4% from its average. Despite this, the PHP to JPY remains slightly above its three-month average at 2.5966, having exhibited relatively stable trading conditions.

These developments suggest a complex interplay of domestic economic policies and external market dynamics influencing the performance of the Philippine Peso. Stakeholders are advised to stay informed on these economic indicators as they navigate currency transactions.

 

US dollar to Philippine peso - USD/PHP Trend

 
USD to PHP at 59.08 is 2.6% above its 3-month average of 57.56, having traded in a quite stable 4.6% range from 56.49 to 59.11
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1 USD =
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PHP
 
90dHighs
1d0.0%
 
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Top PHP Rates


Philippine peso to US dollar
PHPUSD 90 day chart

PHP to USD is at 90-day lows near 0.016918, 2.6% below its 3-month average of 0.017374, having traded in a quite stable 4.6% range from 0.016918 to 0.017702
PHP to USD
0.016925
90dLows
1d0.0%

US dollar to Philippine peso
USDPHP 90 day chart

USD to PHP at 59.08 is 2.6% above its 3-month average of 57.56, having traded in a quite stable 4.6% range from 56.49 to 59.11
USD to PHP
59.08
90dHighs
1d0.0%

Philippine peso to Hong Kong dollar
PHPHKD 90 day chart

PHP to HKD at 0.1315 is 3.0% below its 3-month average of 0.1355, having traded in a quite stable 5.5% range from 0.1314 to 0.1386
PHP to HKD
0.1315
1d0.0%

Singapore dollar to Philippine peso
SGDPHP 90 day chart

SGD to PHP is at 90-day highs near 45.69, 2.3% above its 3-month average of 44.67, having traded in a very stable 3.7% range from 44.08 to 45.69
SGD to PHP
45.68
90dHighs
1d+0.1%

Philippine peso to Malaysian ringgit
PHPMYR 90 day chart

PHP to MYR at 0.071068 is 3.1% below its 3-month average of 0.07334, having traded in a quite stable 5.4% range from 0.071013 to 0.074835
PHP to MYR
0.070958
90dLows
1d−0.7%

Philippine peso to Indian rupee
PHPINR 90 day chart

PHP to INR is at 90-day lows near 1.4927, 2.4% below its 3-month average of 1.5296, having traded in a quite stable 4.2% range from 1.4927 to 1.5561
PHP to INR
1.4932
90dLows
1d−0.5%

Canadian dollar to Philippine peso
CADPHP 90 day chart

CAD to PHP is at 90-day highs near 42.39, 2.1% above its 3-month average of 41.49, having traded in a very stable 3.8% range from 40.83 to 42.39
CAD to PHP
42.39
90dHighs
1d+0.1%

A-Z


Philippine peso to Hong Kong dollar
PHPHKD 90 day chart

PHP to HKD at 0.1315 is 3.0% below its 3-month average of 0.1355, having traded in a quite stable 5.5% range from 0.1314 to 0.1386
PHP to HKD
0.1315
1d0.0%

Philippine peso to Indian rupee
PHPINR 90 day chart

PHP to INR is at 90-day lows near 1.4927, 2.4% below its 3-month average of 1.5296, having traded in a quite stable 4.2% range from 1.4927 to 1.5561
PHP to INR
1.4932
90dLows
1d−0.5%

Philippine peso to US dollar
PHPUSD 90 day chart

PHP to USD is at 90-day lows near 0.016918, 2.6% below its 3-month average of 0.017374, having traded in a quite stable 4.6% range from 0.016918 to 0.017702
PHP to USD
0.016925
90dLows
1d0.0%