Philippine Peso Strengthens to ₱57 vs. US Dollar Amid Market Optimism

The Philippine peso has regained strength, closing at ₱57.83:$1 on February 14, 2025, marking its strongest performance in nearly two months.

Key Factors Behind Peso’s Appreciation:

✔️ Weaker US Dollar – The decline came after signals from the Trump administration that proposed reciprocal tariffs may be delayed until April 2025 and could be negotiated per country.
✔️ BSP Policy Decision – The Bangko Sentral ng Pilipinas (BSP) paused interest rate cuts, citing global trade uncertainties. The decision helped stabilize investor confidence in the local currency.

Recent Peso Performance:

📌 Last time at ₱57: December 26, 2024 (closed at ₱57.97)
📌 Strongest since: December 6, 2024 (closed at ₱57.735)

The peso’s recovery from ₱58 levels signals positive market sentiment, though future trends will depend on global trade developments and BSP monetary policy adjustments.