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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.

 

Recent developments in the Philippine Peso (PHP) highlight a mixture of supportive monetary policy and ongoing economic challenges that have significant implications for traders and businesses involved in international transactions.

Analysts from Bangko Sentral ng Pilipinas (BSP) have noted a notable strategy shift with three successive interest rate cuts, the latest occurring in August 2025 when the benchmark rate was lowered by 25 basis points to 5.0%. This adjustment appears to be a response to easing inflation, which, at 1.5% in August, remains below the central bank's target range, suggesting potential for continued economic support.

Despite these positive signs, the PHP faces underlying pressure from persistent trade and current account deficits. With a trade deficit of $54.21 billion reported in 2024, economists are warning that these imbalances could further constrict the peso's value and competitiveness in the global market. Research from ANZ has indicated that the peso may be overvalued since 2019, raising concerns about the ramifications for the export sector, particularly manufacturing.

From a trading perspective, the PHP to USD exchange rate is currently at 0.017029, reflecting a 2.0% decline from its three-month average of 0.017372. This rate has demonstrated stability within a 4.6% range, trading between 0.016918 and 0.017702. Similarly, the PHP to EUR is positioned at 0.014681, which is 1.4% below its three-month average, also exhibiting a stable trading range.

Conversely, the PHP to GBP exchange rate reached 30-day highs near 0.012911, aligning closely with its three-month average, while maintaining a minor trading range of 3.1%. The PHP to JPY has also shown strength, currently at 2.6041, reflecting a 0.6% gain over its three-month average and displaying stability in a 4.2% trading range.

Overall, while the recent interest rate cuts by the BSP may support short-term economic activity, the ongoing trade deficits and concerns regarding currency overvaluation may lead to increased volatility in the PHP exchange rates. Businesses and individuals engaging in currency exchange should closely monitor these developments to optimize their transaction strategies.

 

US dollar to Philippine peso - USD/PHP Trend

 
USD to PHP at 58.72 is 2.0% above its 3-month average of 57.57, having traded in a quite stable 4.6% range from 56.49 to 59.11
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1 USD =
58.87We compare provider deals to this wholesale mid-market rate. Read more
PHP
 
90dHighs
1d−0.7%
 
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Top PHP Rates


Philippine peso to US dollar
PHPUSD 90 day chart

PHP to USD at 0.017029 is 2.0% below its 3-month average of 0.017372, having traded in a quite stable 4.6% range from 0.016918 to 0.017702
PHP to USD
0.016987
90dLows
1d+0.7%

US dollar to Philippine peso
USDPHP 90 day chart

USD to PHP at 58.72 is 2.0% above its 3-month average of 57.57, having traded in a quite stable 4.6% range from 56.49 to 59.11
USD to PHP
58.87
90dHighs
1d−0.7%

Philippine peso to Hong Kong dollar
PHPHKD 90 day chart

PHP to HKD at 0.1323 is 2.4% 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
0.1320
1d+0.7%

Singapore dollar to Philippine peso
SGDPHP 90 day chart

SGD to PHP at 45.27 is 1.3% above its 3-month average of 44.67, having traded in a very stable 3.6% range from 44.08 to 45.68
SGD to PHP
45.26
90dHighs
1d−0.9%

Philippine peso to Malaysian ringgit
PHPMYR 90 day chart

PHP to MYR at 0.071350 is 2.7% below its 3-month average of 0.073319, having traded in a quite stable 5.4% range from 0.071013 to 0.074835
PHP to MYR
0.071346
90dLows
1d+0.5%

Philippine peso to Indian rupee
PHPINR 90 day chart

PHP to INR at 1.5044 is 1.7% below its 3-month average of 1.5297, having traded in a quite stable 4.2% range from 1.4927 to 1.5561
PHP to INR
1.5061
90dLows
1d+0.8%

Canadian dollar to Philippine peso
CADPHP 90 day chart

CAD to PHP at 42.12 is 1.5% above its 3-month average of 41.49, having traded in a very stable 3.8% range from 40.83 to 42.38
CAD to PHP
42.10
90dHighs
1d−0.6%

A-Z


Philippine peso to Hong Kong dollar
PHPHKD 90 day chart

PHP to HKD at 0.1323 is 2.4% 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
0.1320
1d+0.7%

Philippine peso to Indian rupee
PHPINR 90 day chart

PHP to INR at 1.5044 is 1.7% below its 3-month average of 1.5297, having traded in a quite stable 4.2% range from 1.4927 to 1.5561
PHP to INR
1.5061
90dLows
1d+0.8%

Philippine peso to US dollar
PHPUSD 90 day chart

PHP to USD at 0.017029 is 2.0% below its 3-month average of 0.017372, having traded in a quite stable 4.6% range from 0.016918 to 0.017702
PHP to USD
0.016987
90dLows
1d+0.7%