Philippine peso falls past ₱63 per US dollar to record low
The currency lost 19 centavos on October 15, closing at ₱63.06 per US dollar and marking its 27th record low of 2026.
The Philippine peso ended trading on October 15, 2026 at ₱63.06 per US dollar after declining for a third consecutive session. It fell 19 centavos from the October 14 close of ₱62.87 per US dollar, taking the currency beyond the ₱63 threshold.
The close marked the peso’s 27th record low of the year. Its previous record was ₱62.9 per US dollar, set on October 8, 2026.
Jonathan Ravelas, senior adviser at Reyes Tacandong & Co., linked the depreciation to a greater likelihood of a US interest-rate increase following higher-than-expected inflation. He also cited geopolitical risks supporting the dollar and declining Philippine gross international reserves. US inflation reached 3.7 per cent in September, while core inflation rose 2.6 per cent, both exceeding market expectations. The Federal Reserve’s policy meeting is scheduled for October 27-28.
Philippine gross international reserves fell to US$99.996 billion in September, a three-year low. The reserves, which measure the country’s capacity to pay for imports and service debt, were last lower in September 2023, at US$98.116 billion.
