The PHP/USD exchange rate shows how many Philippine Pesos one US Dollar buys, reflecting the relative strength of the two economies.
Each row combines a UTC date, a rate and the change from the previous available observation. A positive change means the base currency buys more of the quote currency than on the previous available date.
Days without a quotation are not interpolated: the series keeps only observations that were actually received.
Compare several periods before a trip, an international transfer or a foreign-currency invoice. The average, minimum and maximum provide a quick reference, while the table enables a date-by-date check.
Couverture du au , en UTC.
| Date UTC | Rate | Change | Nature |
|---|---|---|---|
| 0,016387 | -0.23% | Market | |
| 0,01642495 | +0.60% | Market | |
| 0,01632653 | -0.02% | Market | |
| 0,0163292 | -0.07% | Market | |
| 0,01633987 | +0.51% | Market | |
| 0,01625752 | -0.08% | Market | |
| 0,01627075 | — | Market |
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.
Each row combines a UTC date, a rate and the change from the previous available observation. A positive change means the base currency buys more of the quote currency than on the previous available date.
Displayed source: api.forex. Indicative values are used only as a visual fallback.