The Philippine peso fell further on Monday to close at a record low of 63.09 per U.S. dollar, surpassing the previous record of 63.06 set on Oct. 15, according to the Bankers Association of the Philippines. It was the peso's 28th record low this year. John Paolo Rivera of the Philippine Institute for Development Studies attributed the decline to persistent dollar strength, elevated oil prices, geopolitical uncertainty and rising demand for foreign currency. Data from the central bank, Bangko Sentral ng Pilipinas, showed a balance of payments deficit of $9.1 billion as of end-September, wider than the $5.3 billion deficit a year earlier, indicating more funds leaving the country.
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Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 101.78 |
| Change that session | -0.20% |
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