The Philippine peso closed at a record low of P63.09 per dollar on Monday, down 10.5 centavos from Friday's P62.985, as safe-haven demand tied to geopolitical risks kept the greenback strong. The level surpassed the previous all-time-low close of P63.06 on Oct. 15, and the peso has depreciated 6.82% year to date. Analysts cited elevated global crude prices as a driver of dollar demand and noted the peso was weaker ahead of the BSP's policy meeting on Thursday, where 20 of 22 economists in a BusinessWorld poll expect a fourth straight 25-basis-point hike. Philippine Institute for Development Studies fellow John Paolo R. Rivera said the bigger concern is prolonged depreciation that feeds inflation and weakens household purchasing power, with the peso seen between P63 and P63.20 on Tuesday.
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Related tickers and likely impact
DXY
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 101.78 |
| Change that session | -0.20% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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