Exchange Rate in Philippines
The exchange rate ended 2022 at PHP 55.73 per USD, compared to the end-2021 value of PHP 50.99 per USD and the figure a decade earlier of PHP 44.38 per USD in the Philippines. For more exchange rate information, visit our dedicated page.
Philippines Exchange Rate Chart
Note: This chart displays Exchange Rate (vs USD) for Philippines from 2014 to 2023.
Source: Macrobond.
Philippines Exchange Rate Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Exchange Rate (PHP per USD, eop) | 50.65 | 48.02 | 50.99 | 55.73 | 55.38 |
| Exchange Rate (PHP per USD, aop) | 51.78 | 49.60 | 49.29 | 54.51 | 55.63 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Philippine exchange rate projections for the next ten years from a panel of 23 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exchange rate forecast available for Philippine exchange rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Philippine exchange rate projections.
Want to get access to the full dataset of Philippine exchange rate forecasts? Send an email to info@focus-economics.com.