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USD to PHP Forecast - October 2025

If you're planning to send U.S. dollars to the Philippines this month, here’s a clear breakdown of what’s happening with the exchange rate in October 2025 and what it could mean for your wallet.

USD/PHP is currently trading at 57.999496.

Crispus Nyaga
Author 
Crispus Nyaga
Artiom Pucinskij
Editor 
Artiom Pucinskij
Last updated on September 30th, 2025
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What is likely to happen to USD/PHP in October 2025

The Philippine peso is slightly gaining against the US dollar, thanks to increasing foreign investments, a steady central bank, and a weaker USD.

If trends continue, the peso could rise to around 56 to 56.50 in the coming month.

If you’re planning to send US dollars to the Philippines, doing so sooner might give you a slightly better exchange rate than waiting.

Keep an eye on US economic policy news and inflation numbers for further clues.

USD to PHP: Where It Stands

The US dollar to Philippine peso (USD to PHP) exchange rate is currently hovering around 57.1.

This means that 1 US dollar is equal to about 57.1 Philippine pesos.

Over the past few weeks, the peso has been steadily appreciating (gaining strength) against the dollar.

What’s Driving USD to PHP?

Several important factors are influencing the USD to PHP exchange rate.

First, investor confidence in the Philippines is rising.

The government may soon be included in JPMorgan’s big emerging-market bond index.

This would increase demand for Philippine investments from large international funds. More money flowing into the country tends to strengthen the peso.

Second, the Bangko Sentral ng Pilipinas (BSP), the Philippine central bank, is nearing the end of its interest rate cuts.

This signals economic stability, which is attractive to global investors.

Third, the US dollar is weakening slightly.

This is partly due to political uncertainty in the US, especially concerns that politics may affect the independence of the Federal Reserve, the central bank.

A weaker USD typically makes other currencies like the peso stronger in comparison.

Finally, the Philippines has seen steady foreign investment and strong remittance flows from overseas Filipinos. These help to support the peso.

What Do the Charts Say?

Technical analysis, which looks at price patterns and trends, shows the USD to PHP pair currently trading in a range.

  • Key support: 56.80, if the exchange rate falls below this, it could go lower toward 56.00

  • Key resistance: 57.40, if it rises above this, it might move toward 58.00

Right now, the peso is showing moderate strength.

If economic conditions continue to support it, we may see the peso move toward 56.50 or even 56.00 in the next few weeks.

If the news out of the US improves or new global risks emerge, the dollar could regain strength, balancing or reversing this move.

What to Watch Next Month

Keep an eye on two main things:

  1. Inflation Data: The Philippines is expected to report inflation of around 1.5%. If inflation stays low, it could encourage steady interest rates, helping the peso.

  2. US Federal Reserve Decisions: If the Fed delays rate cuts due to sticky inflation, the dollar may not weaken further. But if the Fed surprises markets with a more gentle stance, the dollar might fall more.

Risks Ahead

There are a few possible bumps on the road:

  • If US politics cause more instability in financial markets, it could make the USD jump unexpectedly.

  • If the Philippines’ exports (especially semiconductors) are hit by new US tariffs or trade restrictions, it could hurt the economy and weaken the peso.

  • Global events, like oil price shocks or conflict, could trigger sudden moves in currency markets.

What This Means If You’re Sending USD to PHP Abroad

If you’re sending US dollars to the Philippines, your money will buy fewer pesos now than it did a few months ago.

For example, $1 used to fetch about PHP 58 or more. Now, it gives you only around PHP 57.

If the peso continues to strengthen in the coming month, as many experts expect, it may drop to around PHP 56.

If that happens, your US dollars will convert into even fewer pesos.

So, if you want to send money and get more pesos in return, now might be a better time than waiting too long.

Live USD to PHP exchange rates

Mid-market Rate
1 
USD
=
57.999496 
PHP
Mid-market rate at: 13:29 UTC
USD/PHP Median: 58.023227 Low: 57.903704 High: 58.249659

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 October:

Amount
Last updated at 10/8/2025
USD
PHP
Mid Market Rate$1 = ₱58.07
Transfer Amount$1,000
1WorldRemit
WorldRemit
2Sendwave
Sendwave
3OFX
OFX
PayPal
PayPal
WorldRemit
Recipient gets
₱58,332.19
Exchange rate
58.3900
Exchange rate markup
-0.55%
Cheapest payment method
Bank transfer
Transfer fee
$0.99
Visit
Sendwave
Recipient gets
₱57,890
Exchange rate
57.8900
Exchange rate markup
0.31%
Cheapest payment method
Bank transfer
Transfer fee
$0
Visit
OFX
Recipient gets
₱57,694.04
Exchange rate
57.6940
Exchange rate markup
0.65%
Cheapest payment method
Bank transfer
Transfer fee
$0
Visit
PayPal
Recipient gets
₱53,462.95
Exchange rate
55.6906
Exchange rate markup
4.10%
Cheapest payment method
Bank transfer
Transfer fee
$40
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.

Date1 US Dollar in PHP
Sep 29, 202558.075974 PHP
Sep 30, 202558.250111 PHP
Oct 01, 202558.160982 PHP
Oct 02, 202558.079637 PHP
Oct 03, 202557.903704 PHP
Oct 04, 202557.903704 PHP
Oct 05, 202557.917011 PHP
Oct 06, 202558.249659 PHP
Oct 07, 202558.109375 PHP
Oct 08, 202557.999496 PHP
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Contributors

Crispus Nyaga
Crispus Nyaga is a distinguished financial analyst with over nine years of industry experience, specializing in the stock market, forex, equities, and commodities. His insightful analysis has been featured by prominent financial brands, showcasing his deep understanding of market dynamics. As an active trader managing his family's investments, Crispus combines practical trading acumen with analytical expertise.
Artiom Pucinskij
With 6+ years of hands-on experience in international money transfer services, Artiom has tested and analyzed dozens of companies, services, and apps firsthand. From sending money between the UK, EU, US, JP, and ID, to helping friends and family transfer large amounts abroad, he combines deep personal experience with industry insight. He has worked on content and product at MoneyTransfers.com since 2019, with a focus on FX rates, transfer apps & companies, and comparison tools. His work has been featured in Forbes, Yahoo Finance, Decrypt, PoundSterling, and more.
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