Nominal Effecive Exchange Rate in Philippines
Philippines: Nominal Effecive Exchange Rate was 97.54 in 2024. ▼ Falling
Nominal Effecive Exchange Rate in Philippines, 1994–2024
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
The most recent figure for nominal effecive exchange rate in Philippines is 97.54, measured in 2024.
The figure is up 0.2% on the previous year and down 4.5% over ten years.
Over the whole period, nominal effecive exchange rate in Philippines peaked at 172.79 in 1996 and was at its lowest, 90.16, in 2004.
That places Philippines 74th out of 112 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Nominal Effecive Exchange Rate in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 169.72 | — |
| 1995 | 167.79 | -1.1% |
| 1996 | 172.79 | +3.0% |
| 1997 | 166.2 | -3.8% |
| 1998 | 130.74 | -21.3% |
| 1999 | 132.61 | +1.4% |
| 2000 | 119.01 | -10.3% |
| 2001 | 108.23 | -9.1% |
| 2002 | 106.69 | -1.4% |
| 2003 | 96.76 | -9.3% |
| 2004 | 90.16 | -6.8% |
| 2005 | 90.89 | +0.8% |
| 2006 | 96.95 | +6.7% |
| 2007 | 104.51 | +7.8% |
| 2008 | 103.55 | -0.9% |
| 2009 | 97.61 | -5.7% |
| 2010 | 100 | +2.4% |
| 2011 | 99.05 | -1.0% |
| 2012 | 102.81 | +3.8% |
| 2013 | 104.99 | +2.1% |
| 2014 | 102.11 | -2.7% |
| 2015 | 107.32 | +5.1% |
| 2016 | 104.18 | -2.9% |
| 2017 | 98.27 | -5.7% |
| 2018 | 92.38 | -6.0% |
| 2019 | 96.02 | +3.9% |
| 2020 | 100.05 | +4.2% |
| 2021 | 98.46 | -1.6% |
| 2022 | 96.32 | -2.2% |
| 2023 | 97.3 | +1.0% |
| 2024 | 97.54 | +0.2% |
Philippines compared with similar countries
- Philippines's 97.54 is below the median for upper middle income countries, which is 102.78, 95% of the median. (32 countries reporting)
- Philippines's 97.54 is below the median for East Asia & Pacific, which is 101.8, 96% of the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 156.64 | 130.74 | 172.79 | 6 |
| 2000s | 101.44 | 90.16 | 119.01 | 10 |
| 2010s | 100.71 | 92.38 | 107.32 | 10 |
| 2020s | 97.93 | 96.32 | 100.05 | 5 |
Countries ranked near Philippines
More reference data data for Philippines
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 2.21 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 2.95 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 12.86 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 1.43 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 12.86 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 7.4 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 10.7 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 15.23 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 67.05 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 7.76 (2050)
Frequently asked questions
- What is nominal effecive exchange rate in Philippines?
- Nominal effecive exchange rate in Philippines was 97.54 in 2024, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest nominal effecive exchange rate recorded in Philippines?
- The highest recorded value was 172.79 in 1996.
- What is the lowest nominal effecive exchange rate recorded in Philippines?
- The lowest recorded value was 90.16 in 2004.
- How does Philippines rank for nominal effecive exchange rate?
- Philippines ranks 74th out of 112 countries with data for 2024.
- Is nominal effecive exchange rate rising or falling in Philippines?
- Over the last ten years it is down 4.5%. The long-run trend across the full record is falling.
- Where does this Philippines data come from?
- The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Nominal Effecive Exchange Rate. Statizoid updates them automatically from the source API.
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About this data
A measure of the value of a currency against a weighted average of several foreign currencies