The Philippine peso fell through 63 per dollar for the first time on Thursday, weakening to 63.15 in early trading and passing its previous intraday record low of 62.925, according to Bankers Association of the Philippines data reported by the Philippine Star. The peso had opened at 62.83 and closed at 62.87 on Wednesday, just short of the record low closing rate of 62.90 set on October 8. The Star attributed the latest slide to renewed tensions in the Middle East, and the breach lands a week before the central bank’s October 22 meeting.
Philippine peso breaches 63 per dollar for first time
The Philippine peso breached 63 per dollar for the first time on Thursday, weakening to 63.15 in early trading, a fresh record low, after closing at 62.87 on Wednesday.
Why it matters: A record low a week before the Bangko Sentral ng Pilipinas meets on October 22 sharpens the bank's dilemma: September inflation at 7.2 percent already points to a fourth straight hike, and a sliding currency adds imported price pressure that rate rises alone cannot fix.
Data as of Thursday, October 15, 2026, early Asian trading, late Wednesday Toronto time. Bankers Association of the Philippines data as reported by the Philippine Star, opened and read in full via its syndicated copy; Bloomberg reported the same first breach of 63. Developing item, 2 to 3 sentences by design.
Sources
- Peso breaches 63-level vs dollar, hits record low · Philippine Star · 2026-10-15
- Philippine Peso Declines Past 63 Per Dollar for First Time · Bloomberg · 2026-10-15