Benise Balaoing

Photo illustration of US dollar to PH peso exchange in this photo taken on September 30, 2022. Gigie Cruz, ABS-CBN News

Article (news)

Peso-dollar

ABS-CBN News

MANILA — The Philippine peso hit a record low of P61.888 against the US dollar on Tuesday, August 27.Before this, the peso&#x27;s lowest recorded close against the dollar was <a href="https://www.abs-cbn.com/news/business/2026/7/24/peso-continues-to-weaken-sinks-to-new-low-in-intraday-trading-1146" rel="noopener noreferrer" target="_blank">P61.847</a> versus the greenback on July 24.On August 19, the peso touched a new intraday low of <a href="https://www.abs-cbn.com/news/business/2026/8/19/peso-touches-new-historic-low-in-intraday-trading-1633" rel="noopener noreferrer" target="_blank">P61.995</a> per dollar during intraday trading, before clawing to close at P61.815. A weakening peso complicates the task of economic managers, as it makes imports of commodities like oil more expensive, which can push up inflation. Families of OFWs may initially benefit from a stronger dollar, as they can get more pesos for every dollar sent. However, inflation will also eat into their purchasing power.  The Bangko Sentral raised interest rates by 25 basis points to 5 percent, noting that oil prices remain volatile despite easing headline inflation.<div>More details to follow.</div>

The Philippine peso hit a record low of P61.888 against the US dollar on Tuesday, August 27.

The Philippine peso hit a record low of P61.888 against the US dollar on Tuesday, August 27.

Peso hits record low of P61.888 vs dollar

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Peso hits record low of P61.888 vs dollar

Benise Balaoing,

ABS-CBN News

Published August 27, 2026 04:47 PM PHT

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Updated August 27, 2026 07:42 PM PHT

Read More:

Peso-dollkar exchange rate

foreign exchange

forex

peso dollar

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