Philippine peso drops most in Asia while other regional currencies hold steady
Per Reuters, the peso fell 0.22% against the dollar at 0221 GMT while the yen, won and yuan barely moved. The peso is down nearly 7% so far in 2026.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
According to Reuters, the Philippine peso slipped 0.22% against the dollar at 0221 GMT, the biggest decline among the Asian currencies in its table. The rate stood at 63.166 pesos per dollar.
Other regional currencies moved within 0.1%. The yen traded at 158.24 per dollar, the won near 1327.36 and the yuan around 6.68. The Indonesian rupiah edged slightly higher.
Since the start of the year the picture is mixed: the won has gained about 8.5% against the dollar and the yuan 4.6%, while the peso, rupiah and Indian rupee have weakened noticeably.
why it matters
Moves of a fraction of a percent rarely change the overall picture in markets, but the divergence among Asian currencies matters for investors in regional bonds and equities. A weaker peso and rupees alongside a firm won and yuan suggests markets are pricing different risks across the region's economies.
tags
instruments
sources
- Philippine peso falls the most; Asian currencies steady — Reuters, 21 October 2026 at 02:25 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗