The USD/PHP exchange rate fell to 59.6350 on March 17, 2026, down 0.17% from the previous session. Over the past month, the Philippine Peso has weakened 2.99%, and is down by 4.12% over the last 12 months.

Historically, the USDPHP reached an all time high of 62.86 in January of 2026. Philippine Peso - data, forecasts, historical chart - was last updated on March 17 of 2026.

The Philippine Peso is expected to trade at 59.75 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 58.68 in 12 months time.



Crosses Price Day Year Date
USDPHP 59.6350 -0.0990 -0.17% 4.12% Mar/17
EURPHP 68.6941 -0.0280 -0.04% 9.58% Mar/17
GBPPHP 79.4954 -0.0703 -0.09% 6.75% Mar/17
AUDPHP 42.2902 0.0487 0.12% 16.06% Mar/17
NZDPHP 34.9419 -0.0742 -0.21% 4.85% Mar/17
PHPJPY 2.6650 0.0018 0.07% 2.26% Mar/17
PHPCNY 0.1154 0.0001 0.07% -8.54% Mar/17
PHPCHF 0.0132 -0.00003 -0.23% -14.04% Mar/17
PHPCAD 0.0230 0.0001 0.26% -7.98% Mar/17
PHPMXN 0.2967 0.0006 0.21% -14.69% Mar/17
PHPINR 1.5487 0.0042 0.27% 2.26% Mar/17
PHPBRL 0.0871 -0.0005 -0.57% -12.34% Mar/17
PHPRUB 1.3926 0.0280 2.05% -4.51% Mar/17
PHPKRW 24.9486 0.0105 0.04% -1.11% Mar/17
PHPIDR 284.4744 0.4988 0.18% -0.49% Mar/17
PHPARS 23.4215 0.0429 0.18% 25.54% Mar/17
PHPCZK 0.3553 -0.0007 -0.19% -11.39% Mar/17
PHPDKK 0.1087 -0.0001 -0.07% -8.99% Mar/17
PHPHUF 5.6448 -0.0299 -0.53% -11.32% Mar/17
 Currencies
 PHP...
 ...PHP



Related Last Previous Unit Reference
Philippines Inflation Rate 2.40 2.00 percent Feb 2026
United States Inflation Rate 2.40 2.40 percent Feb 2026
Philippines Interest Rate 4.25 4.25 percent Mar 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Feb 2026
United States Unemployment Rate 4.40 4.30 percent Feb 2026
Philippines Unemployment Rate 5.80 4.40 percent Jan 2026

Philippine Peso
The USDPHP spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the PHP. While the USDPHP spot exchange rate is quoted and exchanged in the same day, the USDPHP forward rate is quoted today but for delivery and payment on a specific future date.
Actual Previous Highest Lowest Dates Unit Frequency
59.64 59.73 62.86 0.00 1997 - 2026 Daily

News Stream
Philippine Peso Slides Toward Key Level 60
The Philippine peso weakened toward the psychological 60-per-dollar level, hitting a fresh record low as higher energy prices pressured the currency. The peso remains particularly vulnerable to rising oil costs, given the country’s heavy reliance on imported fuel, with more than 90% of crude supplies sourced from the Middle East. Crude prices held around $100 a barrel, extending their surge as tensions in the Iran conflict showed no signs of easing. In response, Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said the central bank had intervened in the foreign-exchange market to stabilize the currency, though the move did little to curb losses. Even before the escalation of the Iran conflict, officials had already identified the 60-per-dollar level as a key threshold. Earlier this month, Remolona warned that persistently high oil prices could force the central bank to consider a rate hike.
2026-03-16
Philippine Peso Hits New Record Low
The Philippine peso weakened past 59.5 per dollar, marking a new record low as oil topped $100 a barrel for the first time since 2022, weighing on the country’s oil-importing economy. Oil prices surged further amid expectations of prolonged supply disruptions from the ongoing Middle East conflict, now in its second week. Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. warned that escalating tensions could create economic headwinds, affecting both overseas remittances and inflation. Analysts at Nomura raised their 2026 inflation forecast for the Philippines to 3.2% from 2.5%, largely due to elevated oil costs. With more than 90% of its crude imports coming from the Middle East, the country remains highly exposed to oil shocks.
2026-03-09
Philippine Peso Moves Toward Record Low
The Philippine peso depreciated to around 59 per dollar in early March, approaching its record low as risk sentiment weakened amid the ongoing Middle East conflict. The crisis has pushed oil prices higher, raising risks for the Philippines, which relies heavily on fuel and food imports and is considered one of the region’s most vulnerable economies to inflation and growth shocks. Bangko Sentral ng Pilipinas Governor Eli Remolona warned that oil reaching $100 per barrel could require tighter policy if inflation exceeds the central bank’s target, which could further weigh on the economy after its lackluster growth. He added that the central bank has limited room to support growth and has little appetite to intervene in the peso unless depreciation threatens inflation. Inflation accelerated to 2.4% in February, the fastest pace in over a year, adding to concerns over rising prices.
2026-03-06