philippine peso

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The Philippine peso has fallen to a record low against the US dollar due to recent economic pressures and geopolitical tensions.

The Philippine peso reached a historic low against the US dollar, closing at around P61.847 to the dollar on July 24, 2026. The fall is attributed partly to the flare-up of tensions in the Middle East, which has affected investor confidence and market stability. This weakening has been reported by multiple sources including BusinessWorld Online and Inquirer.net, highlighting concerns about currency stability amid ongoing global uncertainties.