Exchange Rate in Philippines
In April, inflation subsided further to 6.6% (March: 7.6%) on cooling price pressures for food and housing and utilities. Our panel sees the headline rate easing from current levels by Q4 2023 but averaging marginally higher this year than in 2022. Lower commodity prices and government subsidies should keep a lid on inflationary pressures. Currency weakness is an upside risk.
Philippines Exchange Rate Chart
Philippines Exchange Rate Data
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Exchange Rate (PHP per USD, aop) | 50.41 | 52.67 | 51.78 | 49.60 | 49.29 |