The Philippine peso fell past 64 per US dollar on October 27, 2026, closing at a record low of 64.17. The currency weakened by 22 centavos from its previous record-low close of 63.95 per dollar.

Philippine peso extends record-low streak

Tuesday’s close marked the sixth consecutive trading day on which the peso hit a record low. A higher peso-per-dollar exchange rate means more pesos are needed to buy one US dollar.

The decline followed an aggressive surprise rate increase by the central bank the previous week. The timing alone does not establish that the rate move caused the peso’s latest fall.

Government acknowledges price concerns

The peso’s depreciation raised concerns that power and fuel could become more expensive, adding to pressure on commodity prices.

The Philippine presidential office acknowledged those concerns on Tuesday and said the government had put several interventions in place to lower commodity prices. The available details did not specify those measures.

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