The Philippine peso closed Friday at a record low of 63.615 per dollar, down 9.5 centavos from the previous day and marking a fifth straight session at a new all-time low. It has lost 4.825 pesos, or 7.58%, against the dollar so far this year. The Bangko Sentral ng Pilipinas said inflation would stay elevated until next year, raising its 2027 forecast to 6% from 5.4% and hiking benchmark rates by 50 bps, though only 2 of 22 analysts polled had predicted that move. September headline inflation rose to 7.2%. Two traders said the central bank governor's remark that it does not target a specific peso level may have prompted speculators to test its threshold. Traders and Rizal Commercial Banking Corp. economists expect the peso to trade between 63.30 and 63.80 this week as markets await the Fed's policy meeting.
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Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/23/2026 | 101.74 |
| Change that session | +0.11% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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