Oil Price Surge Sends Philippine Peso to Historic Low

Deep News07-24

Rising international oil prices have driven the Philippine peso to a new all-time low, putting increased pressure on the central bank to step up its currency defense efforts.

On Friday, the peso weakened 0.1% against the US dollar to close at 61.83, breaching the previous historic low of 61.75 recorded at the end of April.

The price of crude oil has surged more than 30% this month, severely impacting the currencies of Asian oil-importing nations. Both the Indian and Philippine central banks have intervened in the foreign exchange market this week.

The administration of President Ferdinand Marcos Jr. has stated its confidence that the central bank will take decisive action to stabilize the peso's exchange rate.

So far this year, the Philippine peso has depreciated by nearly 5%, placing it among the worst-performing currencies in Asia.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1182867932?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-24 09:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1182867932","market":"hk","top_or_hot":-1,"title":"Oil Price Surge Sends Philippine Peso to Historic Low","media":"Deep News","content":"<p>Rising international oil prices have driven the Philippine peso to a new all-time low, putting increased pressure on the central bank to step up its currency defense efforts.<br><br>On Friday, the peso weakened 0.1% against the US dollar to close at 61.83, breaching the previous historic low of 61.75 recorded at the end of April.<br><br>The price of crude oil has surged more than 30% this month, severely impacting the currencies of Asian oil-importing nations. Both the Indian and Philippine central banks have intervened in the foreign exchange market this week.<br><br>The administration of President Ferdinand Marcos Jr. has stated its confidence that the central bank will take decisive action to stabilize the peso's exchange rate.<br><br>So far this year, the Philippine peso has depreciated by nearly 5%, placing it among the worst-performing currencies in Asia.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil Price Surge Sends Philippine Peso to Historic Low</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil Price Surge Sends Philippine Peso to Historic Low\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-07-24 09:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Rising international oil prices have driven the Philippine peso to a new all-time low, putting increased pressure on the central bank to step up its currency defense efforts.<br><br>On Friday, the peso weakened 0.1% against the US dollar to close at 61.83, breaching the previous historic low of 61.75 recorded at the end of April.<br><br>The price of crude oil has surged more than 30% this month, severely impacting the currencies of Asian oil-importing nations. Both the Indian and Philippine central banks have intervened in the foreign exchange market this week.<br><br>The administration of President Ferdinand Marcos Jr. has stated its confidence that the central bank will take decisive action to stabilize the peso's exchange rate.<br><br>So far this year, the Philippine peso has depreciated by nearly 5%, placing it among the worst-performing currencies in Asia.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VDE","symbol_name":"Vanguard Energy ETF","start_time":0,"source_url":"","article_id":"1182867932","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1182867932","pubTimestamp":1784855432,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"Rising international oil prices have driven the Philippine peso to a new all-time low, putting increased pressure on the central bank to step up its currency defense efforts.On Friday, the peso...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"VDE":"Vanguard Energy ETF","OILK":"ProShares K-1 Free Crude Oil ETF","PXE":"Invesco Energy Exploration & Production ETF","WEEI":"Westwood Salient Enhanced Energy Income ETF","XES":"SPDR S&P Oil & Gas Equipment & Services ETF","TPOR":"Direxion Daily Transportation Bull 3X Shares","WTIU":"MICROSECTORS ENERGY 3X LEVERAGED ETN","OILT":"Texas Oil Index ETF","DRIP":"Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares","BWET":"BREAKWAVE TANKER SHIPPING ETF","OILU":"MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN","BNO":"美国布伦特原油基金有限合伙企业","SPXT":"ProShares S&P 500 Ex-Technology ETF","IXC":"全球能源业ETF-iShares","VOOV":"Vanguard S&P 500 Value ETF","DRLL":"Strive U.S. Energy ETF","PXJ":"Invesco Oil & Gas Services ETF","XLEX":"Corgi U.S. Energy 2x Daily ETF","DBO":"原油ETF-PowerShares","GUSH":"Direxion Daily S&P Oil &Gas Exp. & Prod. Bull 2X Shares","ERX":"二倍做多能源ETF-Direxion","USOI":"ETRACS Crude Oil Shares Covered Call ETN","BK4588":"碎股","BK4570":"地缘局势概念股","SDOG":"ALPS Sector Dividend Dogs ETF","EPHE":"Ishares Msci Philippines Investa","DBC":"商品指数ETF-PowerShares DB","USL":"United States 12 Month Oil Fund LP","UGA":"United States Gasoline Fund LP","OIH":"石油服务ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","BK4585":"ETF&股票定投概念","DIG":"二倍做多美国油气指数","DBE":"能源商品ETF-PowerShares","USE":"USCF Energy Commodity Strategy Absolute Return Fund","IEO":"iShares Dow Jones U.S. Oil & Gas","PEJ":"INVESCO LEISURE AND ENTERTAINMENT ETF","FTXN":"First Trust Nasdaq Oil & Gas ETF","UAE":"iShares MSCI UAE ETF"},"translate_title":"油价飙升导致菲律宾比索跌至历史低点","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DBC":1,"FTXN":1,"DBO":1,"DIG":1,"PXE":1,"OILT":1,"VOOV":1,"VDE":1,"ERX":1,"EPHE":1,"GUSH":1,"OILK":1,"WEEI":1,"DRLL":1,"DBE":1,"BWET":1,"XES":1,"IEO":1,"DRIP":1,"UAE":1,"USOI":1,"BNO":1,"IXC":1,"SDOG":1,"UGA":1,"USL":1,"OIH":1,"TPOR":1,"DUG":1,"PXJ":1,"USE":1,"WTIU":1,"XLEX":1,"OILU":1,"PEJ":1,"SPXT":1},"content_text":"Rising international oil prices have driven the Philippine peso to a new all-time low, putting increased pressure on the central bank to step up its currency defense efforts.On Friday, the peso weakened 0.1% against the US dollar to close at 61.83, breaching the previous historic low of 61.75 recorded at the end of April.The price of crude oil has surged more than 30% this month, severely impacting the currencies of Asian oil-importing nations. Both the Indian and Philippine central banks have intervened in the foreign exchange market this week.The administration of President Ferdinand Marcos Jr. has stated its confidence that the central bank will take decisive action to stabilize the peso's exchange rate.So far this year, the Philippine peso has depreciated by nearly 5%, placing it among the worst-performing currencies in Asia.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1182867932","isCrawlerRequest":true}