Philippine peso hits record intraday low of ₱63.23 per US dollar
The currency opened at ₱63.01 per US dollar, which was also its strongest level during the session.
The Philippine peso weakened to ₱63.23 per US$1 during trading on October 21, 2026, setting a fresh intraday record low, according to figures reported by GMA News.
Trading began at ₱63.01 per US$1, with that rate also marking the session’s high. The currency had closed at ₱63.09 per US$1 in each of the two preceding sessions, a level identified as its 28th record closing low of the year.
The peso crossed ₱63 per US$1 for the first time on October 15. It ended that session at ₱63.06 per US$1, its 27th record closing low.
GMA News cited high oil prices amid geopolitical uncertainty in the Middle East and dollar strength alongside hawkish US Federal Reserve signals as external factors.
