The Philippine peso depreciated toward 55 per dollar, sinking further to its lowest levels since 2005, as markets feared a modest rate hike by the country’s central bank may not be enough to curb surging inflation, at a time other major economies are aggressively raising interest rates. The Bangko Sentral ng Pilipinas stuck to a 25 basis point rate increase for a second month in a row at its June meeting, in line with forecasts as the central bank feared that more aggressive tightening could compromise growth. The move defied expectations from some analysts of a larger 50 basis point rate hike, citing pressure from high inflation and stronger-than-expected GDP data. The peso was also being weighed down by a more hawkish Fed, which raised interest rates by 75 basis points in June, and a widening Philippine trade deficit.

Historically, the Philippine Peso reached an all time high of 56.56 in October of 2004. Philippine Peso - data, forecasts, historical chart - was last updated on June of 2022.

The Philippine Peso is expected to trade at 54.23 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 55.69 in 12 months time.

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Philippine Peso


Majors Price Day Year
EURUSD 1.0552 0.0029 0.28% -11.59%
GBPUSD 1.2274 0.0009 0.08% -11.47%
AUDUSD 0.6942 0.0037 0.53% -8.32%
NZDUSD 0.6314 0.0040 0.64% -10.68%
USDJPY 135.1360 0.3040 0.23% 21.98%
USDCNY 6.6826 -0.0169 -0.25% 3.43%
USDCHF 0.9578 -0.0033 -0.34% 4.48%
USDCAD 1.2893 -0.0101 -0.78% 4.87%
USDMXN 19.8500 -0.1510 -0.76% 0.21%
USDINR 78.2300 0.0900 0.12% 5.42%
USDBRL 5.2417 0.0011 0.02% 6.25%
USDRUB 50.9000 -1.1000 -2.12% -29.39%
USDKRW 1,288.8900 -10.9200 -0.84% 14.35%
DXY 104.1850 -0.2460 -0.24% 13.43%
USDTRY 16.8922 -0.4576 -2.64% 93.07%
USDSEK 10.1325 -0.0377 -0.37% 19.36%
USDPLN 4.4378 -0.0348 -0.78% 17.45%
USDNOK 9.8420 -0.1180 -1.18% 15.91%
USDZAR 15.7990 -0.1537 -0.96% 11.72%
USDDKK 7.0489 -0.0192 -0.27% 13.19%
USDSGD 1.3855 -0.0044 -0.32% 3.26%
USDILS 3.4081 -0.0396 -1.15% 4.95%
USDHKD 7.8489 -0.0008 -0.01% 1.13%
USDCLP 916.7700 14.1200 1.56% 25.14%
USDPKR 208.0000 -0.4000 -0.19% 31.98%
USDCZK 23.4240 -0.0680 -0.29% 9.80%
USDHUF 380.1200 0.7000 0.18% 29.28%
Crosses Price Day Year
USDPHP 54.8900 0.3600 0.66% 13.08%
EURPHP 57.9029 0.5215 0.91% -0.05%
GBPPHP 67.3714 0.4931 0.74% 0.11%
AUDPHP 38.1019 0.4495 1.19% 3.56%
NZDPHP 34.6510 0.4388 1.28% 0.99%
PHPJPY 2.4627 -0.0100 -0.40% 7.90%
PHPCNY 0.1218 -0.0011 -0.89% -8.69%
PHPCHF 0.0175 -0.0002 -0.93% -7.55%
PHPCAD 0.0235 -0.0003 -1.44% -7.27%
PHPMXN 0.3618 -0.0050 -1.37% -11.35%
PHPINR 1.4255 -0.0075 -0.52% -6.75%
PHPBRL 0.0955 -0.0006 -0.67% -5.72%
PHPRUB 0.9360 -0.0176 -1.85% -37.05%
PHPKRW 23.4533 -0.3834 -1.61% 0.64%
PHPIDR 270.4500 -1.6021 -0.59% -9.09%
PHPARS 2.2638 -0.0116 -0.51% 15.19%
PHPCZK 0.4272 -0.0036 -0.84% -2.76%
PHPDKK 0.1286 -0.0011 -0.81% 0.08%
PHPHUF 6.9212 -0.0368 -0.53% 14.03%


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
54.89 54.53 56.56 26.37 1997 - 2022 Daily