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United States Dollar(USD) To Philippine Peso(PHP)

United States Dollar(USD) To Philippine Peso(PHP) Exchange Rates Today.

This is the page of United States Dollar (USD) to Philippine Peso (PHP) conversion, below you can find the latest exchange rate between them and is updated every 1 minutes. It shows the exchange rate of the two currencies conversion. It also shows the history chart of this currency pairs, by choosing the time period you can get more detailed information. Would you like to invert the currencies pairs? Please visit Philippine Peso(PHP) To United States Dollar(USD).

Exchange Rates Updated: Dec 22,2017 07:12 UTC.

Full history please visit USD/PHP History.

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Конвертор валют.

USD/EUR - Подробности.

USD/EUR для 24-часового периода с датой окончания четверг, 21 декабря 2017 г. 22:00 UTC

Детали курса.

USD/EUR для 24-часового периода с датой окончания.

четверг, 21 декабря 2017 г. 22:00 UTC.

Эти значения представляют среднее дневное значение курсов покупки и продажи OANDA , полученное из многих источников данных.

Последние тенденции.

USD/EUR – Средняя дневная цена покупки.

Конвертор валют.

OANDA's currency calculator tools use OANDA Rates ™ , the touchstone foreign exchange rates compiled from leading market data contributors. Our rates are trusted and used by major corporations, tax authorities, auditing firms, and individuals around the world.

Шпаргалка путешественника.

Уже более десяти лет туристы и деловые путешествующие полагаются на денежные конверторы OANDA для получения информации о курсах валют, необходимой во время заграничных поездок. Для мгновенного конвертирования валют на месте во время путешествий за рубеж распечатайте индивидуальную справочную карточку для валюты каждой нужной страны.

BSP keeps tight rein on forex rate.

MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) said the Philippines is not in a foreign exchange crisis even after the peso flirted with new 11-year lows.

“Definitely we are not in a foreign exchange crisis. We allowed the peso to adjust moderately and gradually but I can assure that the BSP is in full control of the exchange rate,” BSP Governor Nestor Espenilla Jr. told participants of the economic forum hosted by the Economic Journalists Association of the Philippines.

Espenilla said the movement of the local currency is consistent in an investment and export-led strategy despite depreciating 2.5 percent year-on-year, making it the worst performing currency in the region this year.

The BSP chiefsaid the daily movement of the peso is volatile as it is very sensitive to market price including economic fundamentals and external headwinds such as the tension between the US and North Korea.

The peso shed eight centavos to 51.08 to $1 Friday from Thursday’s 51 to $1. It opened weaker at 51.05 and hit an intraday low of 51.145. The local currency momentarily touched the 50 to $1 level last Thursday hitting an intraday high of 50.98.

“We remain confident that we are not talking about a free fall situation here. The fundamentals are very strong in terms of the macrofundamentals,” he said.

According to Espenilla, inflation is firmly under control as it isexpected to fall within the midpoint of the two to four percent target set by the BSP between 2017 and 2019.

He said the country’s gross domestic product continues to grow robustly at 6.5 percent in the second quarter from 6.4 percent in the first quarter, bringing the average in the first half of the year to 6.4 percent.

The BSP chief also took note that the public sector deficit is under control while the gross international reserves remains very ample at $80.79 billion in end-July, enough to cover 8.6 months worth of imports of goods and payments of services and primary income.

Espenilla said the external debt position of the Philippines remains very low at only 24 percent of GDP from a peak of 60 percent in 2005.

“2005 and 2017 is a very different scenario. Back then we were junk rate. Today, we are investment grade,” he said.

The Philippines received investment grade rating from S&P Global Ratings, Moody’s Investors Service and Fitch Ratings in 2013 after implementing a series of economic and fiscal reforms.

Espenilla earlier said the peso had sufficiently adjusted after depreciating gradually and warned speculators that authorities would deploy their full policy regulatory arsenal.

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Government keeping hands off forex rate — Dominguez.

MANILA, Philippines - The government will not intervene in the currency market, but assured it is closely monitoring developments affecting the peso, according to the Department of Finance (DOF).

In an interview last Thursday, Finance Secretary Carlos Dominguez said the government would let the currency market “take its course” despite the recent weakening of the peso against the dollar.

“We do not manage the exchange rate, that is determined by the market. We manage inflation and that is done through our central bank,” Dominguez said.

The finance chief also assured there is no need to panic over the peso’s recent weakness against the dollar as the economy has become more resilient against the adverse impact of a weakening currency.

“In the past, the exchange rate impacted inflation rate almost immediately. It no longer does it. We are a much larger economy, much more diversified. The economy is very different from what it was in the 1990s. And we have to thank the administration of (former presidents) Gloria (Macapagal-Arroyo) and Noynoy (Benigno Aquino III), they had very good economic management,” Dominguez said.

In addition, Dominguez said a weak peso benefits more Filipinos. “I’m not saying that everybody should be happy, but if the majority is benefiting, then we should allow the market to take its course,” Dominguez said.

Dominguez said the beneficiaries include the overseas Filipino workers, the business process outsourcing companies and the local manufacturers.

“We have 10 million Filipinos abroad, let’s say their average family size is five, so that’s 50 million people who benefit, that’s the OFWs only,” Dominguez said.

“The BPOs, we have at least 1.3 million people in the BPOs, their industry becomes more competitive. Local industries can compete against imports,” he said.

According to a sensitivity analysis prepared earlier by the DOF, the government earns P9.5 billion for every P1 depreciation in foreign exchange, higher than the P2.1 billion increase in costs a P1 depreciation causes the government.

This means the Philippines is a net gainer from peso depreciation, as it generates a surplus of P7.4 billion for every peso shed against the dollar.

But Dominguez said the government is closely monitoring the movement of the peso, watching for signs of any sharp changes in the exchange rate.

“What we are watching very carefully is the rate of change. If it goes from 51 to 53 in one day, then that’s worrisome. Let’s put it this way, we are watching it, but we are not panicking,” he said.

The peso last August breached the 51 to $1 level, and closed at its weakest level in nearly 11 years at 51.49 to $1 last August 18.

Monetary authorities have time and again said the weakening of the peso is not a cause for alarm or panic.

The BSP has traced the volatility of the peso to the strong demand for dollars from companies expanding their operations in the country.

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