Philippines—Official Exchange Rate (per USD)
Category: Fiscal & MonetarySource: World Bank World Development Indicators ↗Global Rank: #78 of 210Updated April 2026
Latest Value
57.29
2024
YoY Change
+3.0%
2023 → 2024
Global Rank
#78
of 210 countries
Maximum
57.29
2024
Minimum
42.23
2012
CAGR
+1.1%
25 years
Last
57.29
Previous
55.63
Highest
57.29
Lowest
42.23
Source
World Bank World Development Indicators
Philippines's official exchange rate (per usd) was 57.29 in 2024, ranking #78 out of 210 countries. This represents a +3.0% change from 2023. Over the past 25 years, the highest recorded value was 57.29 (2024) and the lowest was 42.23 (2012). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 57.29 | +3.0% |
| 2023 | 55.63 | +2.1% |
| 2022 | 54.48 | +10.6% |
| 2021 | 49.25 | -0.7% |
| 2020 | 49.62 | -4.2% |
| 2019 | 51.8 | -1.6% |
| 2018 | 52.66 | +4.5% |
| 2017 | 50.4 | +6.1% |
| 2016 | 47.49 | +4.4% |
| 2015 | 45.5 | +2.5% |
| 2014 | 44.4 | +4.6% |
| 2013 | 42.45 | +0.5% |
| 2012 | 42.23 | -2.5% |
| 2011 | 43.31 | -4.0% |
| 2010 | 45.11 | -5.4% |
| 2009 | 47.68 | +7.6% |
| 2008 | 44.32 | -4.0% |
| 2007 | 46.15 | -10.1% |
| 2006 | 51.31 | -6.8% |
| 2005 | 55.09 | -1.7% |
| 2004 | 56.04 | +3.4% |
| 2003 | 54.2 | +5.0% |
| 2002 | 51.6 | +1.2% |
| 2001 | 50.99 | +15.4% |
| 2000 | 44.19 |
Top Countries — Official Exchange Rate (per USD)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Lebanon | 89,500 | 2024 |
| 2 | Iran, Islamic Rep. | 42,000 | 2023 |
| 3 | Viet Nam | 24,164.89 | 2024 |
| 4 | Lao PDR | 20,167.33 | 2024 |
| 5 | Indonesia | 15,855.45 | 2024 |
| 6 | Uzbekistan | 12,652.29 | 2024 |
| 7 | Guinea | 9,565.08 | 2020 |
| 8 | Paraguay | 7,560.25 | 2024 |
| 9 | Madagascar | 4,525.42 | 2024 |
| 10 | Colombia | 4,074.43 | 2024 |
About This Indicator
Definition
Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. This indicator represents the ratio of Local Currency Units relative to United States dollars.This indicator is derived as an average over the reference period.
Methodology
Data compiled by International Financial Statistics database, International Monetary Fund (IMF).