Buy price
62.6414
USD/PHP Exchange Rate Today — Live Chart and Analysis
The USD to PHP rate shows how many Philippine pesos one US dollar buys. OFW remittances of around $36 billion annually provide structural peso support - roughly $3 billion per month entering the economy.
Sell price
62.6413
USD/PHP chart
Price Performance
Information regarding past performance is not a reliable indicator of future performance.
Analysis
USD/PHP closed at a record 63.615 on 23 Oct, even though the Bangko Sentral raised its policy rate by 0.50 points to 5.50% on 22 Oct, its fourth hike in a row and the biggest in over three years. High oil prices keep the peso under pressure, because the Philippines imports nearly all its oil from the Middle East.
Inflation was above 6% this summer, and the central bank expects it to stay above its 3% target into 2027. It intervenes only when moves become sharp and disorderly.
Levels for 26 to 30 Oct: Support 63.00 and 62.50. Resistance 63.65 and 63.85.
Next catalyst: US inflation data and Philippine inflation data
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USD/PHP
USDPHP
62.6414
Instrument Forex
Dynamic Spread 0
FAQ