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Philippine Peso Plummets to Record Low Amid Conflict Fears

3/14/2026

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Summary

Story summary

The Philippine peso fell to a record low of 59.735 per U.S. dollar on March 14, 2026.
The move came amid fears of a prolonged Middle East conflict and rising oil prices.
Analysts expect continued pressure, with the peso likely trading between 59.60 and 59.90.
The Bangko Sentral ng Pilipinas may intervene if the decline becomes disorderly.
Economists warn the ongoing conflict poses risks to Asia's energy resilience.

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Story summary

The Philippine peso fell to a record low of 59.735 per U.S. dollar on March 14, 2026.
The move came amid fears of a prolonged Middle East conflict and rising oil prices.
Analysts expect continued pressure, with the peso likely trading between 59.60 and 59.90.
The Bangko Sentral ng Pilipinas may intervene if the decline becomes disorderly.
Economists warn the ongoing conflict poses risks to Asia's energy resilience.