Convert USD to PHP - US Dollar to Filipino piso Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE USD/PHP EXCHANGE RATE
In the forex market, the USD/PHP symbol represents the trading of the US dollar against the Philippine Peso. The Philippine Peso, also known as the 'Piso' is the official currency of the Philippines, and is a free floating currency that offers interesting trade setups for forex traders looking to trade currencies beyond the majors in the market.The US dollar, on the other hand, is the official currency of the United States of America and is the most popularly traded currency in the world, offering forex traders high liquidity and making it attractive to trade. The leading currency in the forex market is also the most popular reserve currency, and most leading central banks worldwide own some amount of USD.The PHP is considered an emerging market currency that experiences high levels of volatility based on the market sentiment. During a risk-on sentiment, traders flock to riskier instruments like the Philippine Peso. However, when markets trade with a risk-off sentiment, traders tend to sell off currencies like the PHP and move towards the safety of more stable instruments, which include the US dollar. As a result, a risk-on sentiment turns this pair bearish while a risk-off mood in markets drives bullish movement in the USD/PHP currency pair.
USD to PHP CONVERSION RATES
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USD to PHP CHARTS
USD/PHP Live Chart
USD/PHP Historical Chart
USD to PHP EXCHANGE RATE - FAQ
What economic events influence the exchange rate of USD/PHP?

The USD/PHP forex pair experiences significant fluctuations on the release of important economic data from the US and the Philippines, including GDP, inflation, unemployment rate, trade balance, consumer confidence, PMI readings from the manufacturing and services sector and PPI.

What role do central banks have in driving price action in the USD/PHP forex pair?

USD/PHP also sees high levels of volatility on the release of monetary policy and interest rate decisions by the Federal Reserve and the Central Bank of Philippines (Bangko Sentral ng Pilipinas). For instance, if the Fed cuts interest rates or turns dovish in its monetary policy, it weakens the value of the US dollar, causing USD/PHP to trade bearish, and vice versa.

What was the lowest value of USD/PHP this year?

The USD/PHP currency pair fell to a low of 47.943 on 2 December 2020. This was the weakest level the pair has touched so far this year.