The USD to PHP forecast at the end of the month 59.48, change for April 2.9%. The USD to PHP forecast at the end of the month 57.79, change for March -1.2%.
The USD to PHP forecast at the end of the month 58.49, change for February 0.0%. The USD to PHP forecast at the end of the month 58.49, change for January 1.0%. The USD to PHP forecast at the end of the month 57.89, change for December 0.2%.ĭollar to Peso forecast for January 2023. The USD to PHP forecast at the end of the month 57.80, change for November 0.2%. USD To PHP Forecast For Tomorrow And Month.ĪUD To PHP Forecast For Tomorrow, 2022, 2023-2025.ĭollar to Peso forecast for November 2022. The USD to PHP forecast at the end of the month 57.69, change for October 1.1%. The USD to PHP forecast at the end of the month 57.09, change for September 1.2%. The USD to PHP forecast at the end of the month 56.44, change for August 0.0%.ĭollar to Peso forecast for September 2022. The USD to PHP forecast at the end of the month 56.44, change for July 2.1%. The USD to PHP forecast at the end of the month 55.26, change for June 5.6%. Philippines: Central Bank starts hiking cycle in May with 25 basis points increaseĪt its monetary policy meeting on 18 May, the Central Bank of the Philippines (BSP) raised the overnight reverse repurchase facility rate by 25 basis points to 2.25% from its record low of 2.00%, matching market analysts’ expectations.In the beginning rate at 52.31 Pesos.The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 54.1 in May, down from April's 54.3. Philippines: Manufacturing PMI deteriorates, but remains in expansionary territory, in May.Philippines: Inflation rises in May to highest level since November 2018Ĭonsumer prices recorded 0.53% growth over the previous month in May, which was lower than April's 0.98% increase.Inflation rose to 5.4% in May from April’s 4.9%.Merchandise exports climbed 6.0% in annual terms in April (March: +5.9% year-on-year). Philippines: Merchandise exports rise at a quicker pace in April.Remittances came in at USD 2.4 billion in April, reflecting a 3.9% year-on-year rise, following March's 3.2% year-on-year increase. Philippines: Remittances rise in April at fastest rate since November 2021.Next year, the panel sees the currency trading at 48.5 PHS per USD. rates, pushing capital out of emerging markets into dollar-based assets.įocusEconomics Consensus Forecast panelists expect the Philippine peso to end this year at 48.1 PHP per USD. Lastly, on 11 November Southeast Asia’s markets were hit as a side-effect of Donald Trump’s victory in the US presidential election, due to growing consensus that his fiscal stimulus and massive infrastructural investment programs will push up inflation and U.S. In addition, foreign selling of Philippine stocks increased on the back of market concerns over policy uncertainty surrounding Rodrigo Duterte’s administration. On the other hand, the current account surplus in the Philippines has been narrowing, as remittances growth slowed in the second half of this year compared to the strong growth rates observed in past years. dollar is strengthening on the back of rising expectations of a Fed rate hike sometime soon.
On the one hand, it reflects that the U.S. The recent depreciation of the peso has been driven by several factors.
The currency has lost 4.3% of its value since the beginning of the year. This was 0.4% weaker than on the same day of the previous month and 4.0% weaker on an annual basis. On 11 November, the currency traded at 48.96 PHP per USD, the weakest value since 29 April 2009. dollar, continuing a trend that began in early August. In November, the Philippine peso (PHP) weakened against the U.S. Philippines - Exchange Rate Peso weakens to over seven-year low