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What is likely to happen to USD/PHP in November 2025
The peso has slightly bounced back from its 2024 lows, thanks to strong remittances and potential BSP support.
But risks remain, especially from the US side. Expect the USD to PHP to trade between PHP 55 and PHP 58 in the coming month.
If you're sending dollars to the Philippines, now is a good window to act before things possibly shift.
USD to PHP: Where It Stands
Let’s start with the current status of the dollar to peso exchange rate.
As of early 2025, the exchange rate for 1 US Dollar is around PHP 55.68.
This follows a dramatic shift from late 2024, when the rate spiked to nearly PHP 60, an all-time high.
While the peso has recently gained back some strength thanks to strong remittances and signs of central bank support, it remains under pressure from global economic factors, particularly higher interest rates in the US.
What’s Driving USD to PHP?
Here’s what’s pushing the rate up or down.
The biggest reason behind the peso’s weakness is the strength of the US dollar.
The US Federal Reserve has kept interest rates high to fight inflation, which makes US assets more attractive.
This pulls money away from countries like the Philippines, weakening the peso.
Another reason is the outlook for interest rates in the Philippines.
The Bangko Sentral ng Pilipinas (BSP) has been hinting at rate cuts to support the local economy.
Lower interest rates may ease borrowing but make the peso less attractive to investors, which can lead to more currency weakness.
However, there are some helpful factors working in favor of the peso.
One major one is seasonal remittances. As we move deeper into the holiday season, millions of overseas Filipinos are sending money home.
This boosts the availability of dollars in the Philippine economy, helping strengthen the peso.
What Do the Charts Say?
Technical levels can give clues on where USD to PHP might move next.
From a technical analysis point of view, the key resistance level to watch is PHP 59.
If the exchange rate rises above that again, it could signal a new wave of peso weakness.
On the other hand, if the peso continues to gain strength and the USD to PHP exchange falls below PHP 55, the peso may be on the path to recovery.
Currently, the rate is hovering around PHP 55.68.
This puts it near a support level, so unless there's a major shock, we may see it move sideways or slightly stronger for the peso in the next month.
What to Watch in Next Month
Key events and trends that may move the rate.
1. Decisions from the US Federal Reserve on interest rates. If they continue to hold rates high, the USD could stay strong.
2. Any move by the BSP to cut rates. A cut could pressure the peso down again.
3. Seasonal inflows from remittances could support the peso, especially leading into Christmas.
4. Political news in the Philippines may affect investor sentiment and currency flows.
Risks Ahead
What could go wrong and shake up the rate.
If US interest rates stay higher for longer, the dollar could strengthen again.
Any political unrest or economic weakness in the Philippines could cause investors to pull out more money.
If inflation picks up in the Philippines, the BSP may avoid cutting rates but the peso could still suffer pressure from high import prices.
Global tensions or trade issues could strengthen the USD and hurt emerging market currencies like the peso.
What This Means If You’re Sending USD to PHP Abroad
Timing could make a real difference in how much money your family receives.
Right now, the exchange rate is still quite favorable if you’re sending dollars to the Philippines.
If you send money while the rate is near PHP 55–58 per dollar, your money goes further compared to when the rate is stronger for the peso.
For example, sending $1,000 at PHP 58 per USD gives PHP 58,000.
If the peso strengthens to PHP 54, that amount falls to PHP 54,000, a PHP 4,000 difference for the same money sent.
So, if you’re planning to send money in the next few weeks, consider doing it sooner while the exchange rate is still relatively high.
Use comparison tools like CompareRemit to get the best rate and avoid extra fees.
Live USD to PHP exchange rates
Converting USD to PHP
If you are planning to send USD to the Philippines, you need to pick the right money transfer company to get the most PHP on the other end.
Depending on your needs, it's best to use one of the following companies in November:
History of the USD/PHP pair
The US and the Philippines have a long economic and social relationship.
After going through a major war between 1899 and 1902, the two countries maintained a cordial relationship over the years and do trade worth billions of dollars.
According to the Trade Department, the Philippines is the 31st goods trading partner of the US, with a total volume being over $18 billion.
The USD/PHP cross is classified as a minor pair since the Philippines is not classified as a developed country.
The USD to PHP pair has been traded for many years; however, the Philippine Peso became a free-floating currency in 1993.
At the time, the USD/PHP exchange rate was trading at 26.46. The pair has been on an upward trajectory since then and reached a high of 55.9 in 2023.
In other words, the Philippine Peso has crashed by over 100% since 1993 as the dollar dominance has gained.
Between its lowest and highest points, the pair has jumped by 151%.
As shown above, the Philippine Peso had a strong run between 2005 and 2008, at the time of the Global Financial Crisis (GFC) and the USD/PHP pair crashed to ~40.
Since then, the pair has done well and has risen by over 46%.
This happened because many investors and businesses moved to the US dollar and other foreign currencies like the euro and Swiss franc.
It then jumped during the Covid-19 pandemic as jitters spread in the emerging market and the Philippines economy plunged to $361.75 billion.
The economy expanded to $394 billion in 2022 and is expected to remain stable.
| Date | 1 US Dollar in PHP |
|---|---|
| Nov 05, 2025 | 58.710972 PHP |
| Nov 06, 2025 | 58.929766 PHP |
| Nov 07, 2025 | 58.805504 PHP |
| Nov 08, 2025 | 58.805504 PHP |
| Nov 09, 2025 | 58.805502 PHP |
| Nov 10, 2025 | 58.970326 PHP |
| Nov 11, 2025 | 58.901955 PHP |
| Nov 12, 2025 | 59.133034 PHP |
| Nov 13, 2025 | 58.859902 PHP |
| Nov 14, 2025 | 59.034007 PHP |
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