Dollar to Philippine Peso

The dollar to Philippine Peso rate has been mostly unchanged again this week. Gold has set new record highs in several

dollar to philippines peso

of each of the last few days. Record highs would scare me if I was thinking of investing in gold.  If I had already invested in gold, I’d be grinning ear to ear!

The only notable change I see is in the Euro and it’s showing an increase in its  value over the peso. I would interpret that to mean that the Euro has gained a bit in strength as the other currency, at a quick glance, don’t show a lot of movement.

Due to the Holy Week holiday in the Philippines, it has been a short banking week.

Key Rates

20 April 2011

US$ 1.00 PhP 43.366
Libyan Dinar 1.00 PhP 33.3012
Repo Rate 6.25%
Reverse Repo Rate 4.25%
Inflation Rate (Mar ’11) 4.3%
91-day T-bill Rate 0.900%
Gold Buying/ troy oz. US$1494.60
Silver Buying US$43.95
I.  CONVERTIBLE CURRENCIES WITH BANGKO SENTRAL:
1 UNITED STATES DOLLAR USD 0.697496 1.000000 43.366000 *
2 JAPAN YEN JPY 0.008447 0.012111 0.525200
3 UNITED KINGDOM POUND GBP 1.138104 1.631700 70.760300
4 HONGKONG DOLLAR HKD 0.089692 0.128591 5.576500
5 SWITZERLAND FRANC CHF 0.774910 1.110988 48.179100
6 CANADA DOLLAR CAD 0.729293 1.045588 45.343000
7 SINGAPORE DOLLAR SGD 0.561049 0.804376 34.882600
8 AUSTRALIA DOLLAR AUD 0.733696 1.051900 45.616700
9 BAHRAIN DINAR** BHD 1.850613 2.653224 115.059700
10 KUWAIT DINAR KWD
11 SAUDI ARABIA RIAL SAR 0.186024 0.266702 11.565800
12 BRUNEI DOLLAR BND 0.558802 0.801154 34.742800
13 INDONESIA RUPIAH IDR 0.000080 0.000115 0.005000
14 THAILAND BAHT THB 0.023234 0.033311 1.444600
15 UNITED ARAB EMIRATES DIRHAM AED 0.189955 0.272339 11.810300
16 CHINA YUAN*** CNY 0.106806 0.153128 6.640500
17 KOREA WON KRW 0.000641 0.000919 0.039900
18 EUROPEAN MONETARY UNION EURO EUR 1.000000 1.433700 62.173800

Dollar to Philippine Peso News

The Federal Reserve Bank in the USA indicated that the program for the creation of money will end in a little more than a month. Some are expecting the Fed to also raise interest rates. I don’t think they will at their next meeting but I’d like to be wrong. Both of these changes will cause improvement in the dollar to Philippine peso exchange rate.