Real effective exchange rate (index; broad definition; 64 economies) - Philippines - BIS - Monthly
This series is part of the dataset: Real effective exchange rates (Bank for International Settlements)
Download Full Dataset (.xlsx)Latest updates. In the Philippines, the real effective exchange rate (relative to a basket of 64 trading partners' currencies) stood at 99.25 (index) in March 2026, compared to 99.22 in February. This marks an increase of 0.03 percent.
Sample. There are 387 data points overall in the monthly series shown in the graph above. The series covers the time period stretching from January 1994 to March 2026.
History. Check out some descriptive statistics calculated on the whole sample: the effective exchange rate recorded a minimum of 64.08 in February 2004; it reached its highest level of 105.03 in March 2024; it had an average value of 88.84.
Latest values
| Date | Value - Index (an increase indicates an appreciation vis à vis a basket of foreign currencies) |
|---|---|
| 2026-01-31 | 98.34 |
| 2026-02-28 | 99.22 |
| 2026-03-31 | 99.25 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Real effective exchange rate (broad definition: 64 economies) |
| Country | Philippines |
| Economic concept | Price |
| Data type | Exchange rate |
| Deflation method | Real |
| Seasonally adjusted | No |
| Rescaling | Index (2020 = 100) |
| Frequency | Monthly |
| Unit | Index (an increase indicates an appreciation vis à vis a basket of foreign currencies) |
| Source | Bank for International Settlements |
| Source type | International organization |
| Data licence | Unrestricted use subject to certain conditions |
| Measure type | Geometric trade-weighted average of bilateral exchange rates, with relative adjustments for consumer prices |
Series in the same data set
Discover the other time series included in this data set.