{
  "id": "fx-usd-php",
  "title": "US dollar in Philippine pesos",
  "metric": "USD/PHP spot",
  "unit": "PHP per USD",
  "kind": "fx",
  "volatility": "fast",
  "direction_note": "peso weakening = a dollar pension buys more pesos (nominal, before local inflation)",
  "publisher": "No Margin Left",
  "source": {
    "label": "Bangko Sentral ng Pilipinas / World Bank reference series (via exchangerates.org.uk)",
    "url": "https://www.exchangerates.org.uk/USD-PHP-exchange-rate-history.html"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "No Margin Left, \"US dollar in Philippine pesos\" (USD/PHP spot). CC BY 4.0. https://nomarginleft.com/data/fx-usd-php.json",
  "canonical": "https://nomarginleft.com/data/fx-usd-php.json",
  "csv": "https://nomarginleft.com/data/fx-usd-php.csv",
  "retrieved": "2026-05-26",
  "stale": false,
  "observations": [
    {
      "date": "2010",
      "value": 45,
      "confidence": "triangulated",
      "note": "annual average, roughly"
    },
    {
      "date": "2015",
      "value": 45.5,
      "confidence": "triangulated",
      "note": "annual average, roughly"
    },
    {
      "date": "2026-05",
      "value": 61.7,
      "range": [
        55.1,
        62
      ],
      "confidence": "sourced",
      "checked": "2026-05-26",
      "note": "mid-May spot; 2026 average ~59.2; 52-week range. Re-read 24 May ~61.6 and 26 May (BSP ref 61.45, market ~61.57), within range; value held."
    }
  ],
  "corrections": []
}