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Philippine peso Exchange Update, Chart & History

PHP Markets Update - Our review of Philippine peso Forecasts and News plus Charts and Historic Rates. Check PHP Trends over various time periods.

 

Philippine peso (PHP) Market Update

The Philippine peso has faced significant challenges in recent times, notably depreciating by almost 20% against the US dollar due to the ongoing conflict in Ukraine prompting a flight to safety. As per recent exchange rate analyst forecasts and market updates, the PHP to USD pair is currently hovering just below its 3-month average at 0.017796, demonstrating a relatively stable trading range of 1.9% between 0.017730 and 0.018070. Moreover, the PHP to EUR exchange rate has surged to 7-day highs around 0.016497, slightly above its 3-month average, maintaining a stable 2.3% range from 0.016246 to 0.016626. Similarly, the PHP to GBP pair has also reached 7-day highs near 0.014103, in line with its 3-month average, trading within a stable 2.2% range of 0.013949 to 0.014259.

Forex analysts suggest that amidst these fluctuations, the PHP to JPY rate stands at 2.6940, marking a 1.7% increase from its 3-month average of 2.6485, while maintaining a relatively stable trading range of 6.5% between 2.5422 and 2.7065. The intensified geopolitical tensions globally continue to impact the Philippine peso's performance, causing fluctuations across major currency pairs. As market sentiments evolve in response to external events, tracking these exchange rate movements becomes crucial for businesses and individuals engaging in international transactions involving the Philippine peso to better manage currency risks and make informed financial decisions.

 

US dollar to Philippine peso - USD/PHP Trend

 
USD to PHP at 56.19 is just above its 3-month average, having traded in a stable 1.9% range from 55.34 to 56.40
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1 USD =
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PHP
 
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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.

 

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