finance
Philippine Peso Ends at 61.402 per USD After BSP Rate Hike on April 29, 2026
The Philippine peso reached a new record low of 61.402 per U.S. dollar on April 29, 2026, declining 0.6% amid strong dollar demand. The benchmark stock index fell 0.58% to its weakest close in over five months. Trading volume and foreign outflows increased as markets extended a five-day decline.
Apr 28, 9:37 PM·1m read2 sources
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U.S. 6% against the dollar. U.S. 784 from the end of March 2026.
409 billion in the prior session. The peso's movement followed a 25 basis point interest rate hike by the Bangko Sentral ng Pilipinas on the Thursday before April 29, 2026. U.S.
Federal Reserve following its policy meeting that week. The Philippine peso and stock market have declined for five straight trading days as of April 29, 2026. 79, marking its weakest close in over five months.
40. 92 billion on April 29, 2026. 07 million.
There were 117 decliners against 68 advancers in the market, with 58 issues unchanged. 32 percent on April 29, 2026. Philstocks Financial Inc. research manager Japhet Tantiangco said the PSEi's decline reflected sustained concerns over geopolitical tensions, inflation risks and the peso’s depreciation.
Regina Capital Development Corp. head of sales Luis Limlingan said selling pressure persisted as the weaker currency heightened inflation and policy concerns. Trading Edge Consultancy chief investment strategist Ron Acoba said the peso’s break past the 61 level could continue to pressure share prices in the near term.
Analysts attributed market movements to ongoing macroeconomic and geopolitical factors in both the currency and stock markets.
