Philippines: Exchange rate regimes

* indicates monthly or quarterly data series
 Philippines

Exchange rate regimes

 Latest value 7
 Year 2022
 Measure index points
 Data availability 2008 - 2022
 Average 7
 Min - Max 5 - 7
 Source International Monetary Fund
The latest value from 2022 is 7 index points, unchanged from 7 index points in 2021. In comparison, the world average is 5 index points, based on data from 186 countries. Historically, the average for the Philippines from 2008 to 2022 is 7 index points. The minimum value, 5 index points, was reached in 2020 while the maximum of 7 index points was recorded in 2008. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Philippines - Exchange rate regimes - Recent values chart

Historical series
Philippines - Exchange rate regimes - historical chart - 2008-2022




Definition: The data are from the IMF Annual Reports on Exchange Arrangements and Exchange Restrictions. A higher value of the index indicates more exchange rate flexibility: 1 = the country has no independent legal tender; 2 = currency board; 3 = conventional peg; 4 = target zone; 5 = crawling peg; 6 = other managed exchange rate regimes; 7 = floating regime. The IMF categorization does not include currency unions. Instead, it assigns to the member country the regime of the union it is a part of. For example, all EMU members are assigned a floating exchange rate regime. The data begin with the latest change of the IMF categorization in 2008.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Inflation 6.0 2023 percent
 Exchange rate regimes 7 2022 index points
 USD exchange rate 58.6847 11/2024 Local Currency Units per USD
 Money supply (broad money) 16,993.91 8/2024 billion
 Consumer Price Index (CPI) 127.0000 11/2024 index points
 Inflation, monthly 0.40 11/2024 percent
 Inflation, annual 2.50 11/2024 percent
 Private sector credit 11,839.43 Q3/2024 billion
 Business credit 9,385.39 9/2024 billion
 Household credit 2,454.03 Q3/2024 billion
 Mortgage credit 980.60 Q3/2024 billion
 Consumer credit 1,473.43 9/2024 billion
 Deposit interest rate 4.56 8/2024 percent
 Policy rate 6.00 11/2024 percent
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