Peso Hits Record Low: What It Means for Filipinos

The Philippine peso has reached an all-time low against the US dollar, closing at P62.265 on August 28 and touching an unprecedented P62.775 intraday on September 7.

Since March 2026, the peso has been sliding downward, sinking to an all-time low of P60 in March and then breaking past P61 a month later.

A weaker peso can make its way to fuel pump prices and grocery checkouts, raise costs for businesses, complicate the central bank's fight against inflation, and weigh on the Philippines' economic growth.