Philippines: USD exchange rate

The currency chart for the Philippines shows historical data for the Philippine Pesos per USD exchange rate. These are monthly averages and not end-of-month currency values. An increase means depreciation against the USD as one can exchange more Philippine Pesos per USD. Depreciation implies that goods from the Philippines become cheaper to export and it becomes cheaper for foreigners to visit the Philippines.

The series for the Philippines are available from January 2000 to November 2024. For that period, the average exchange rate for the Philippines was 49.294 Philippine Pesos per USD with a minimum of 40.5193 Philippine Pesos per USD in February 2008 and a maximum of 58.7373 Philippine Pesos per USD in October 2022. The most recent available data point is 58.6847 Philippine Pesos per USD, a change of 2.07% from the previous data point of 57.4951 Philippine Pesos per USD and a change of 5.33% from a year ago when the level was 55.7134 Philippine Pesos per USD.

Currency values in the Philippines and elsewhere have different driving forces over the short-run and the long-run. Countries may have fixed or floating exchange rate regimes or be part of monetary unions. They may experience currency crises. These and other issues are discussed in detail on our Exchange rate page.