The PHP/USD exchange rate shows how many Philippine Pesos one US Dollar buys, reflecting the relative strength of the two economies.
The curve shows the change in one unit of PHP expressed in USD. An upward slope means the base currency is strengthening relative to the quote currency; a downward slope indicates the opposite.
Use the 7-day, 30-day or 1-year periods to distinguish a short movement from a more lasting trend.
Volatility can reflect central-bank announcements, economic data, trade flows or risk sentiment. A chart is not a forecast: it describes the observations available for the selected period.
Du au · 20 observations
The PHP/USD exchange rate measures the value of the US Dollar (USD) against the Philippine Peso (PHP). This directed pair indicates how many Philippine Pesos are needed to purchase one US Dollar. An appreciation of the base currency (USD) means that the US Dollar strengthens relative to the Peso, making US goods more expensive for Philippine importers and Philippine exports cheaper for US buyers. This pair is widely used by businesses engaged in trade between the Philippines and the United States, as well as by overseas Filipino workers sending remittances and investors with cross-border portfolios.
The exchange rate is influenced by the monetary policies of the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve. Interest rate differentials between the two central banks affect capital flows: higher US rates tend to attract capital away from the Philippines, putting downward pressure on the Peso. Inflation differentials, economic growth rates, and trade balances also play key roles. The Philippines is a net importer of commodities, so global oil and food prices impact the Peso. Remittances from overseas Filipinos and business process outsourcing (BPO) revenues provide a steady source of foreign exchange, supporting the Peso. Risk sentiment in global markets can drive capital flows to or from emerging markets like the Philippines, influencing the PHP/USD rate.
Over the past several years, the PHP/USD exchange rate has experienced periods of volatility driven by shifts in US monetary policy, global commodity price swings, and domestic economic conditions. The BSP has occasionally intervened to manage excessive volatility, while the Federal Reserve's rate hikes have at times strengthened the USD. The Philippine economy's resilience, supported by remittances and a growing services sector, has helped cushion the Peso against sharp declines. However, the pair remains sensitive to external shocks, such as changes in global risk appetite and trade tensions. Looking ahead, the trajectory of the PHP/USD will depend on the relative pace of monetary tightening, inflation trends, and the strength of the Philippine economic recovery.
This analysis is provided for information only and is neither a forecast nor financial advice.
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| Date UTC | Rate | Change |
|---|---|---|
| 0,01642684 | +0.55% | |
| 0,0163364 | +0.04% | |
| 0,0163292 | -0.07% | |
| 0,01633987 | +0.51% | |
| 0,01625752 | -0.08% | |
| 0,01627075 | -0.07% | |
| 0,01628134 | +0.43% | |
| 0,01621113 | +0.02% |
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Displayed source: api.forex. Indicative values are used only as a visual fallback.