Philippine Peso News

Summary of Last Week

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:


nsecutive 15-day Period As the world continues to grapple with economic changes, the Philippine Peso (PHP) exchange rate has been facing slow-moving fluctuations over the past two weeks. According to the latest time-series data analysis, PHP has been exhibiting a subtle variation in its value that could hold potentially significant implications for traders, economists, and policy planners. Starting from the 8th March, 2024, the variable exchange rates have been evident, with a marginal shift in PHP''s exchange rate from 0.02419 to 0.02433 by the 15th March. From the 15th to the 21st, there was another slight dip to 0.0241. Towards the end of this 15-day cycle, the rate retraced upwards slightly, closing at an exchange rate of 0.02398 on 5th April. Though these deviations may seem inconsequential at first glance, seasoned traders and economists know that even subtle changes, when sustained over a period of time, can significantly impact market dynamics. The patterns offer us unique opportunities to better understand the factors driving these changes, which can be anything from overseas Filipino workers'' remittances, foreign direct investment flows as well as trade balances. The significant aspect of this analysis is the absence of any dramatic peaks or troughs. Despite uncertainties in international markets, the stability of the PHP exchange rate over these two weeks has showcased a level of resilience to external shocks. This could be indicative of domestically driven factors playing a prominent role in stabilizing the country''s currency. However, the reasons for such stability have far-reaching implications. The sustained steady nature of the exchange rate suggests a broader level of confidence in the Philippine economy, reflecting measured control of inflation and interest rates by the country''s central bank. But while these minute fluctuations provide us with some interesting insights, they are only a small part of a much larger economic landscape. Market players, both domestic and foreign, need to consider these metrics in the broader context of global economic trends, particularities of Southeast Asian markets, and, more specifically, the Philippines'' economic trajectory. In the world of finance, change is the only constant. Consequently, market observers should keep an eye on the coming weeks'' data for any significant movements. It will be important to watch just how much these rates fluctuate and what implications these changes will bring as the Philippine economy continually evolves against a backdrop of global flux. In conclusion, while the PHP exchange rates have exhibited a steady trend, these trends are just the tip of the iceberg. Observers should keep a close watch on various other associated factors like inflation trends, trade statistics, and investment patterns to get a complete picture of where things are headed in the Philippines. The secret to making the most of this financial data lies in a bird’s eye perspective, rather than a worm’s eye view.PHP Exchange Rates Witness Subtle Fluctuations Over a Consecutive 15-day Period

Current Middle Market Exchange Rate

For information purposes only.