---
title: "Philippine Peso Hits Near 4-Month High"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275555083.md"
description: "The Philippine peso has strengthened to nearly 58 per dollar, marking its highest level since October, following a period of record lows in January. This rise is attributed to renewed capital inflows and a rally in local equities, with foreign investors purchasing approximately $266 million in Philippine stocks this year. The PSE Index has increased by about 8% year-to-date. The peso's gains are also supported by expectations that the central bank is nearing the end of its easing cycle, as consumer inflation reached the 2% target in January."
datetime: "2026-02-11T05:29:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275555083.md)
  - [en](https://longbridge.com/en/news/275555083.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275555083.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/275555083.md) | [繁體中文](https://longbridge.com/zh-HK/news/275555083.md)


# Philippine Peso Hits Near 4-Month High

The Philippine peso strengthened toward 58 per dollar in mid-February, hitting its strongest levels since October after sinking to record lows in January.

The currency has been supported by renewed capital inflows and a rally in local equities, with foreign investors buying about $266 million of Philippine stocks so far this year.

The benchmark PSE Index is up roughly 8% year-to-date, nearing its highest level in a year.

The gains follow stepped-up government efforts to restore business and investor confidence after a major corruption scandal triggered capital outflows late last year.

The peso was also buoyed by expectations that the Philippine central bank is nearing the end of its easing cycle, after consumer inflation accelerated to the 2% target in January.

### Related Stocks

- [iShares MSCI Philippines ETF (EPHE.US)](https://longbridge.com/en/quote/EPHE.US.md)

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