The USD/PHP exchange rate rose to 56.9920 on August 11, 2025, up 0.20% from the previous session. Over the past month, the Philippine Peso has weakened 0.57%, but it's up by 0.53% over the last 12 months. Philippine Peso - values, historical data, forecasts and news - updated on August of 2025.

The currency chart for the Philippines shows historical data for the Philippine Pesos per USD exchange rate. These are monthly averages and not end-of-month currency values. An increase means depreciation against the USD as one can exchange more Philippine Pesos per USD. Depreciation implies that...

Key information about Philippines M2 Growth

• Philippines Money Supply M2 increased 7.2 % YoY in Jan 2025, compared with a growth of 8.2 % in the previous month
• Philippines Money Supply M2 growth data is updated monthly, available from Dec 1989 to Jan 2025
• The data reached an all-time high of 45.8 % in Apr 1995 and a record low of -0.2 % in Apr 2008

CEIC calculates M2 Growth Rate from monthly M2. Bangko Sentral ng Pilipinas provides M2 in local currency. M2 Growth Rate prior to December 2002 is calculated as the sum of Narrow Money and Quasi Money, sourced from the International Monetary Fund.


Further information about Philippines M2 Growth

• In the latest reports, Philippines Foreign Exchange Reserves was measured at 90.8 USD bn in Dec 2024
• The Foreign Exchange Reserves equaled 7.6 Months of Import in Jan 2025
• Philippines Domestic Credit reached 347.3 USD bn in Jan 2025, representing an increased of 10.9 % YoY
• The country's Non Performing Loans Ratio stood at 3.3 % in Dec 2024, compared with the ratio of 3.5 % in the previous month
• Household Debt of Philippines reached 52.2 USD bn in Sep 2024, accounting for 11.3 % of the country's Nominal GDP

Key information about Philippines Exchange Rate against USD

• Philippines Exchange Rate against USD averaged 55.728 (USD/PHP) in May 2023, compared with 55.316 USD/PHP in the previous month.
• Philippines Exchange Rate against USD data is updated monthly, available from Jan 1945 to May 2023.
• The data reached an all-time high of 58.825 in Oct 2022 and a record low of 2.000 in Jan 1962.

Bangko Sentral ng Pilipinas provides monthly average Exchange Rate against USD.


Key information about Philippines Exchange Rate against USD

• In the latest reports, Philippines Short Term Interest Rate: Month End: Treasury Bill Rate: 91 Days was reported at 5.842 % pa in May 2023.
• Its Long Term Interest Rate (Long Term Interest Rate: Month End: Philippines: Treasury Bond Rate: 10 Years) was reported at 5.958 % pa in May 2023.
• The cash rate (Policy Rate: Month End: Overnight Lending Facility) was set at 6.750 % pa in May 2023.

Broad money growth (annual %) in Philippines was reported at 7.8203 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Philippines - Broad money growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Money supply, billion currency units in the Philippines, March, 2025 The most recent value is 17831.14 billion Philippine Peso as of March 2025, an increase compared to the previous value of 17540.67 billion Philippine Peso. Historically, the average for the Philippines from December 2001 to March 2025 is 7351.65 billion Philippine Peso. The minimum of 1700.16 billion Philippine Peso was recorded in January 2002, while the maximum of 18333.79 billion Philippine Peso was reached in December 2024. | TheGlobalEconomy.com

The currency chart for Philippines shows historical data for the Philippine Pesos per USD exchange rate. These are monthly averages and not end-of-month currency values. An increase means depreciation against the USD as one can exchange more Philippine Pesos per USD. Depreciation implies that goods...

Key information about Philippines Real Effective Exchange Rate

• Philippines Real Effective Exchange Rate (REER: 2005=100: Month Avg: Philippines) was 145.0 in Feb 2025, compared with the number of 148.5 in the previous month.
• Philippines Real Effective Exchange Rate data is updated monthly and averaged 151.8 from Jan 1993 to Feb 2025.
• The data reached an all-time high of 151.8 in Jan 1997 and a record low of 92.2 in Dec 2003.

CEIC generates Real Effective Exchange Rate Index with base 2005=100. Bangko Sentral ng Pilipinas provides Real Effective Exchange Rate Index with base 1980=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy.


Related information about Philippines Real Effective Exchange Rate

• In the latest reports, Philippines Short Term Interest Rate: Month End: Treasury Bill Rate: 91 Days was reported at 5.2 % pa in Feb 2025.
• The cash rate (Policy Rate: Month End: Overnight Lending Facility) was set at 7.0 % pa in May 2024.
• Philippines Exchange Rate against USD averaged 55.9 (USD/PHP) in Jun 2023.

Philippines Forex: Philippine Peso to USD: Year Average data was reported at 50.404 PHP/USD in 2017. This records an increase from the previous number of 47.492 PHP/USD for 2016. Philippines Forex: Philippine Peso to USD: Year Average data is updated yearly, averaging 26.316 PHP/USD from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 56.040 PHP/USD in 2004 and a record low of 6.025 PHP/USD in 1970. Philippines Forex: Philippine Peso to USD: Year Average data remains active status in CEIC and is reported by Bangko Sentral ng Pilipinas. The data is categorized under Global Database’s Philippines – Table PH.M009: Foreign Exchange Rates.

Money Supply M0 in Philippines decreased to 2239209.07 PHP Million in June from 2300784.04 PHP Million in May of 2025. This dataset provides - Philippines Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government expenditure, billion currency units in the Philippines, June, 2025 The most recent value is 1176.98 billion Philippine Peso as of Q2 2025, an increase compared to the previous value of 976.28 billion Philippine Peso. Historically, the average for the Philippines from Q1 1981 to Q2 2025 is 235.81 billion Philippine Peso. The minimum of 6.19 billion Philippine Peso was recorded in Q1 1981, while the maximum of 1176.98 billion Philippine Peso was reached in Q2 2025. | TheGlobalEconomy.com

One United States dollar was worth over ****** Indonesian rupiah in May 2024, the highest value in a comparison of over 50 different currencies worldwide. All countries and territories shown here are based on the Big Mac Index - a measurement of how much a single Big Mac is worth across different areas in the world. This exchange rate comparison reveals a strong position of the dollar in Asia and Latin America. Note, though, that several of the top currencies shown here do not rank among the most traded. The quarterly U.S. dollar exchange rate against the ten biggest forex currencies only contains the Korean won and the Japanese yen.

The digital economy in the Philippines was valued at *** trillion Philippine pesos in 2024, reflecting an increase from the previous year's value. Digital-enabling infrastructures such as telecommunication and professional and business services were the major contributor to this increasing value.

Claims on central government (annual growth as % of broad money) in Philippines was reported at 3.41 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Philippines - Claims on central government (annual growth as % of broad money) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Money Supply M2 in Philippines increased to 18205309.04 PHP Million in June from 17985321.76 PHP Million in May of 2025. This dataset provides - Philippines Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer credit, billion currency units in the Philippines, March, 2025 The most recent value is 1640.92 billion Philippine Peso as of March 2025, an increase compared to the previous value of 1619.9 billion Philippine Peso. Historically, the average for the Philippines from December 2001 to March 2025 is 439.6 billion Philippine Peso. The minimum of 48.49 billion Philippine Peso was recorded in January 2002, while the maximum of 1640.92 billion Philippine Peso was reached in March 2025. | TheGlobalEconomy.com

Private sector credit, billion currency units in the Philippines, March, 2025 The most recent value is 12600.74 billion Philippine Peso as of Q1 2025, an increase compared to the previous value of 12551.07 billion Philippine Peso. Historically, the average for the Philippines from Q1 2009 to Q1 2025 is 6087.87 billion Philippine Peso. The minimum of 1836.97 billion Philippine Peso was recorded in Q1 2009, while the maximum of 12600.74 billion Philippine Peso was reached in Q1 2025. | TheGlobalEconomy.com

Household credit, billion currency units in the Philippines, March, 2025 The most recent value is 2682.62 billion Philippine Peso as of Q1 2025, an increase compared to the previous value of 2607.15 billion Philippine Peso. Historically, the average for the Philippines from Q1 2009 to Q1 2025 is 1030.5 billion Philippine Peso. The minimum of 280.67 billion Philippine Peso was recorded in Q2 2009, while the maximum of 2682.62 billion Philippine Peso was reached in Q1 2025. | TheGlobalEconomy.com

Mortgage credit, billion currency units in the Philippines, March, 2025 The most recent value is 1041.69 billion Philippine Peso as of Q1 2025, an increase compared to the previous value of 1015.45 billion Philippine Peso. Historically, the average for the Philippines from Q1 2009 to Q1 2025 is 416.51 billion Philippine Peso. The minimum of 71.27 billion Philippine Peso was recorded in Q3 2009, while the maximum of 1041.69 billion Philippine Peso was reached in Q1 2025. | TheGlobalEconomy.com

Foreign exchange reserves, billion currency units in the Philippines, June, 2025 The most recent value is 105.32 billion U.S. Dollar as of June 2025, an increase compared to the previous value of 105.18 billion U.S. Dollar. Historically, the average for the Philippines from January 1960 to June 2025 is 25.45 billion U.S. Dollar. The minimum of 0.05 billion U.S. Dollar was recorded in December 1961, while the maximum of 112.71 billion U.S. Dollar was reached in September 2024. | TheGlobalEconomy.com