Philippines: Peso Exchange Rate

The Philippine peso’s nominal exchange rate to the US dollar has followed the general macroeconomic trends.

The peso depreciated gradually over the course of the last two years, smoothing out sudden moves in the value of the dollar.

The PHP traded PHP 50 per USD in the beginning of 2018, depreciated slightly to PHP 54 per USD in the third quarter of 2018, and slightly appreciated thereafter.

As of September 2019, the rate stood at PHP 52.11 per USD. Judging by the relatively stable fiscal position of the state and net foreign asset position of the economy, as well as recent exchange rate developments, sudden exchange rate fluctuations in the short term appear unlikely.

Detailed data and analysis on Philippines’ Exchange rate can be found in the CEIC Philippines Economy in a Snapshot – Q3 2019.