The Philippine peso fell to a fresh all-time low against the US dollar on Wednesday, closing at P63.361 per dollar, down 27.1 centavos from the previous record of P63.09. It was the peso's 34th record low this year and its fifth in October, leaving it down P4.571 or 7.21 percent year to date from P58.79 on Dec. 29, 2025. Traders attributed the weakness to expectations of further rate hikes by the Fed and the Bangko Sentral ng Pilipinas, renewed oil volatility with Brent crossing $110 a barrel, and Middle East tensions. A BusinessWorld poll showed 20 of 22 economists expect the BSP to raise rates by 25 basis points on Thursday to 5.25 percent, while gross international reserves fell 8.3 percent to $99.997 billion in the nine months to September, limiting intervention. Traders see the peso ranging between P63.20 and P63.45, or between P63 and P63.50, against the dollar.
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exchange ratesinterest ratesFedforeign reservesoil prices
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Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/20/2026 | 101.70 |
| Change that session | -0.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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