It has lost nearly 2% against the USD this year.
The AUD has underperformed against most G-10 currencies in 2023 as the Reserve Bank of Australia has slowed the pace of its rate hikes compared to other central banks, raising the differential in interest rates. The trajectory of the Australian dollar over the past 12 months has largely been shaped by the central bank raising the cash rate to tackle inflation.
AUD DOLLAR TO PHP DRIVERS
The Australian Dollar’s Performance and Drivers in 2023 But forex traders see the pair broadly continuing to trade within the same narrow band this year. It follows a brief but large dip to 29.49 PHP in March 2020 at the start of the coronavirus pandemic.īoth currencies are expected to see some volatility over the next few months as central banks in the two countries near the end of their monetary tightening policy to rein-in inflation. The conversion rate between the Australian dollar (AUD) and the Philippine peso (PHP) has dipped slightly over the last few months but has remained in a fairly stable range for more than two years, with one dollar fetching between 36 and 39 peso. In addition, the Philippines continues to be a key tourism destination for travel-loving Australians, who rank third among foreign tourist arrivals in the country.
The South East Asian nation’s status as one of the fastest-growing emerging economies in the world-as well as its importance as a market of 111 million people-means more than 250 major Australian companies now operate there.
AUD DOLLAR TO PHP UPDATE
Forbes Advisor Australia accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in our stories or any other information made available to a person, nor any obligation to furnish the person with any further information.Īustralia’s trade relationship with the Philippines has expanded at a lively pace in recent years. However, Forbes Advisor Australia cannot guarantee the accuracy, completeness or timeliness of this website. We make every effort to provide accurate and up-to-date information. While we do go to great lengths to ensure our ranking criteria matches the concerns of consumers, we cannot guarantee that every relevant feature of a financial product will be reviewed. In comparing various financial products and services, we are unable to compare every provider in the market so our rankings do not constitute a comprehensive review of a particular sector. Providing access to our stories should not be construed as investment advice or a solicitation to buy or sell any security or product, or to engage in or refrain from engaging in any transaction by Forbes Advisor Australia. Readers of our stories should not act on any recommendation without first takingĪppropriate steps to verify the information in the stories consulting their independent financial adviser in order to ascertain whether the recommendation (if any) is appropriate, having regard to their investment objectives, financial situation and particular needs. As such, any recommendations or statements do not take into account the financial circumstances, investment objectives, tax implications, or any specific requirements of readers. To the extent any recommendations or statements of opinion or fact made in a story may constitute financial advice, they constitute general information and not personal financial advice in any form. While we may highlight certain positives of a financial product or asset class, there is no guarantee that readers will benefit from the product or investment approach and may, in fact, make a loss if they acquire the product or adopt the approach. When covering investment and personal finance stories, we aim to inform our readers rather than recommend specific financial product or asset classes. Worst exchange rate of March 2022: 37.2609, Best exchange rate of March 2022: 39.2643, Average exchange rate in March 2022: 38.The journalists on the editorial team at Forbes Advisor Australia base their research and opinions on objective, independent information-gathering.
Worst exchange rate of February 2022: 36.1934, Best exchange rate of February 2022: 37.2518, Average exchange rate in February 2022: 36.7357 Worst exchange rate of January 2022: 35.7233, Best exchange rate of January 2022: 37.1912, Average exchange rate in January 2022: 36.7395 Converting Australian Dollar (AUD) to Philippine Peso (PHP) in 2022 with the best, worst and average exchange rates of the year Table of 1 Australian Dollar to Philippine Peso Exchange Rate:Īustralian Dollar to Philippine Peso Monthly Exchange RatesĪustralian Dollar Philippine Peso rate for
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