Indicative Foreign Exchange Rate as of October 27, 2022 04:14 PM*
These rates are indicative only and may change without prior notice.
Visit your nearest branch to know the actual rates for the day.
US Dollar (USD) | 57.9000 | 57.9000 | 57.9000 | 58.4000 |
Euro (EU) | 56.7500 | 57.7800 | 57.9800 | 59.0900 |
British Pound (GBP) | 64.7000 | 66.6500 | 66.8500 | 68.0300 |
Swiss Franc (CHF) | 57.4800 | 58.1600 | 58.3600 | 59.4900 |
Japanese Yen (JPY) | 0.3817 | 0.3940 | 0.3960 | 0.4022 |
Australian Dollar (AUD) | 36.2000 | 36.9900 | 37.1900 | 38.1100 |
Canadian Dollar (CAD) | 41.6200 | 42.2100 | 42.4100 | 43.2600 |
Danish Kroner (DKK) | - | 7.4800 | 7.6800 | 8.0700 |
Hong Kong Dollar (HKD) | 7.2000 | 7.1700 | 7.3700 | 7.4500 |
Singapore Dollar (SGD) | 40.3200 | 40.8200 | 41.0200 | 41.6900 |
Chinese Yuan (CNY) | 7.9800 | - | - | 8.0700 |
Bahrain Dinar (BHD) | 149.2300 | - | - | - |
Brunei Dollar (BND) | 39.9700 | - | - | - |
Indonesia Rupiah (IDR) | 0.0035 | - | - | - |
Saudi Arabia Rial (SAR) | 14.9700 | - | - | - |
Thai Baht (THB) | 1.4603 | - | - | - |
Rates are quoted in Philippine peso (PHP).
What Foreign Currency Exchange Rates Are
Different countries have different currencies, and it is through Foreign Exchange that people can convert the currency of one country into another. For instance, if the Philippine foreign exchange rate vs USD is at 52.250, this means that 1 US dollar can be converted into 52.250 Philippine pesos.
Foreign currency exchange rates are constantly changing without notice; they can go up or down depending on market conditions, the perceived strength of the Philippines’ economy, and other factors that may not be related to its actual situation.
Understanding the Foreign Currency Exchange Market
The trading of foreign exchange is a global market activity where market participants generally consist of government institutions, financial institutions, fund managers, brokers, corporations and retail investors. Given the wide accessibility of foreign exchange markets, large movements and heightened volatility are unavoidable. Hence, central banks would occasionally employ policies to ensure market stability. Although, there is no single entity that controls or dictates foreign exchange rates.
Free market conditions generally prevail, which means that foreign currency exchange rates move based on supply and demand. For instance, importers may look to purchase US Dollars to pay their suppliers abroad. Exporters, on the one hand, would likely seek to exchange their foreign currency revenues into Pesos in order to cover their operating expenses. Retail clients may purchase Japanese yen for a travel holiday to Japan. Overseas workers may remit their Euros to their families, who would in turn, convert this into Pesos to spend. Prices are determined in this manner—the greater the demand for one currency versus another, the higher their exchange rate. Conversely, the more sellers there are of one currency versus another, the lower its exchange rate tends to be.
These are some of the numerous ways in which foreign exchange markets operate and benefit the international economy. They allow for the globalization of trade, accessibility of travel, and diversification of investments.
Because forex rates, both in the Philippines and elsewhere, are always changing, the forex exchange rate today will most likely be different from the rate tomorrow.
For more information click here.
58.36 PHP/1 USD for Oct 26 2022
Level Chart
Historical Data
October 26, 2022 | 58.36 |
October 25, 2022 | 58.81 |
October 24, 2022 | 58.90 |
October 21, 2022 | 58.88 |
October 20, 2022 | 58.85 |
October 19, 2022 | 59.05 |
October 18, 2022 | 58.87 |
October 17, 2022 | 58.97 |
October 14, 2022 | 59.05 |
October 13, 2022 | 58.89 |
October 12, 2022 | 58.88 |
October 11, 2022 | 58.87 |
October 10, 2022 | 58.98 |
October 07, 2022 | 58.94 |
October 06, 2022 | 58.77 |
October 05, 2022 | 58.71 |
October 04, 2022 | 58.74 |
October 03, 2022 | 58.99 |
September 30, 2022 | 58.76 |
September 29, 2022 | 58.58 |
September 28, 2022 | 59.10 |
September 27, 2022 | 59.03 |
September 26, 2022 | 59.00 |
September 23, 2022 | 58.66 |
September 22, 2022 | 58.40 |
September 21, 2022 | 57.83 |
September 20, 2022 | 57.58 |
September 19, 2022 | 57.40 |
September 16, 2022 | 57.37 |
September 15, 2022 | 57.30 |
September 14, 2022 | 57.11 |
September 13, 2022 | 56.67 |
September 12, 2022 | 56.82 |
September 09, 2022 | 56.82 |
September 08, 2022 | 56.98 |
September 07, 2022 | 57.19 |
September 06, 2022 | 57.07 |
September 05, 2022 | 56.93 |
September 02, 2022 | 56.89 |
September 01, 2022 | 56.59 |
August 31, 2022 | 56.15 |
August 30, 2022 | 56.20 |
August 29, 2022 | 56.27 |
August 26, 2022 | 56.07 |
August 25, 2022 | 56.01 |
August 24, 2022 | 56.07 |
August 23, 2022 | 56.07 |
August 22, 2022 | 56.21 |
August 19, 2022 | 56.02 |
August 18, 2022 | 55.78 |
Basic Info
US Dollar to Philippine Peso Exchange Rate is at a current level of 58.36, down from 58.81 the previous market day and up from 50.74 one year ago. This is a change of -0.76% from the previous market day and 15.02% from one year ago.
Stats
Last Value | 58.36 |
Latest Period | Oct 26 2022 |
Last Updated | Oct 27 2022, 09:07 EDT |
Next Release | |
Average Growth Rate | 0.52% |