USD/PHP
Market Open
15 Jun, 11:01
₱
60. 34
-1.011
-1.6478%
₱
7,124 Volume
₱ 61.355
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USDPHP Overview
USDPHP denotes the exchange rate between the United States Dollar (USD) and the Philippine Peso (PHP), showing how many pesos are needed to purchase one dollar. It reflects the relative value of the two currencies and is quoted in the spot and forward foreign exchange markets.
The US dollar is the official currency of the United States and a dominant global reserve and settlement currency. Issuance and monetary policy are managed by the Federal Reserve (the Fed), which influences dollar liquidity and interest-rate differentials that affect exchange rates.
The Philippine peso is the national currency of the Republic of the Philippines and is used across the country and its economic exchanges. The Bangko Sentral ng Pilipinas (BSP) issues and regulates the peso, setting local monetary policy and managing foreign-exchange reserves.
Movements in the USDPHP rate are determined by supply and demand dynamics in the FX market and by macroeconomic fundamentals such as interest-rate differentials, inflation trends, and central-bank interventions. Geopolitical events, capital flows, trade balances and remittance patterns also feed into price discovery and volatility.
For traders, businesses and investors the pair matters for pricing imports and exports, hedging currency risk, managing corporate cash flows and pursuing speculative opportunities tied to Philippine and US economic developments.
The US dollar is the official currency of the United States and a dominant global reserve and settlement currency. Issuance and monetary policy are managed by the Federal Reserve (the Fed), which influences dollar liquidity and interest-rate differentials that affect exchange rates.
The Philippine peso is the national currency of the Republic of the Philippines and is used across the country and its economic exchanges. The Bangko Sentral ng Pilipinas (BSP) issues and regulates the peso, setting local monetary policy and managing foreign-exchange reserves.
Movements in the USDPHP rate are determined by supply and demand dynamics in the FX market and by macroeconomic fundamentals such as interest-rate differentials, inflation trends, and central-bank interventions. Geopolitical events, capital flows, trade balances and remittance patterns also feed into price discovery and volatility.
For traders, businesses and investors the pair matters for pricing imports and exports, hedging currency risk, managing corporate cash flows and pursuing speculative opportunities tied to Philippine and US economic developments.
USDPHP Chart
USDPHP FAQ
What is the current USD/PHP price?
The current rate is ₱60.344000, reflecting the latest available market price based on global forex liquidity and trading activity.
How much has the USD/PHP rate changed today?
The rate has changed by -1.011 (-1.6478%) compared to the previous close, reflecting current forex market activity.
What was the previous closing rate?
The previous close was ₱61.355000, which serves as a reference point for measuring daily performance.
What does the daily range indicate?
The range shows the lowest and highest levels reached during the current trading session, helping assess volatility.
Why is USD/PHP moving up or down?
Movements in USD/PHP are driven by macroeconomic data, interest rate expectations, central bank policy, and overall market sentiment.
How is the percentage change calculated?
The percentage change (-1.6478%) is based on the difference between the current rate and the previous closing rate.
Is USD/PHP trending up or down right now?
If the current rate (₱60.344000) is below the previous close (₱61.355000), it indicates upward movement. If below, it suggests a downward trend.
Where can I track live rates and charts?
You can monitor real-time rates, charts, and key market data for USD/PHP directly on this page.
