Average FX rate to USD rose 2.12% to 55.6 per USD in Philippines in 2023, according to the National Statistical Office.
Historically, Average FX rate to USD in Philippines reached an all time high of 56.0 per USD in 2004 and an all time low of 2.00 per USD in 1950. When compared to Philippines's main peers, Average FX rate to USD in China amounted to 7.08 per USD, 15,237 per USD in Indonesia, 31.2 per USD in Taiwan and 23,787 per USD in Vietnam in 2023.
Philippines has been ranked 60th within the group of 136 countries we follow in terms of Average FX rate to USD, 9 places above the position seen 10 years ago.
| FX Rate to USD (Average) | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Australia | per USD | 1.30 | 1.34 | 1.44 | 1.45 | 1.33 | ||||||||||||||||
| Cambodia | per USD | 4,051 | 4,051 | 4,061 | 4,093 | 4,099 | ||||||||||||||||
| China | per USD | 6.76 | 6.62 | 6.91 | 6.90 | 6.45 | ||||||||||||||||
| Hong Kong | per USD | 7.79 | 7.84 | 7.84 | 7.76 | 7.77 | ||||||||||||||||
| India | per USD | 65.1 | 68.4 | 70.4 | 74.1 | 73.9 | ||||||||||||||||
| Indonesia | per USD | 13,381 | 14,237 | 14,148 | 14,582 | 14,308 | ||||||||||||||||
| Japan | per USD | 112 | 110 | 109 | 107 | 110 | ||||||||||||||||
| Laos | per USD | 8,245 | 8,401 | 8,679 | 9,046 | 9,698 | ||||||||||||||||
| Malaysia | per USD | 4.30 | 4.04 | 4.14 | 4.20 | 4.14 | ||||||||||||||||
| Philippines | per USD | 50.4 | 52.7 | 51.8 | 49.6 | 49.3 | ||||||||||||||||
| Russia | per USD | 58.3 | 62.7 | 64.7 | 72.1 | 73.7 | ||||||||||||||||
| Singapore | per USD | 1.38 | 1.35 | 1.36 | 1.38 | 1.34 | ||||||||||||||||
| Taiwan | per USD | 30.4 | 30.2 | 30.9 | 29.6 | 28.0 | ||||||||||||||||
| Thailand | per USD | 33.9 | 32.3 | 31.0 | 31.3 | 32.0 | ||||||||||||||||
| USA | per USD | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | ||||||||||||||||
| Vietnam | per USD | 22,370 | 22,602 | 23,050 | 23,208 | 23,160 |
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