Real Broad Effective Exchange Rate for Philippines
RBPHBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.26
Year-over-Year Change
-0.24%
Date Range
1/1/1994 - 6/1/2025
Summary
The Real Broad Effective Exchange Rate for Philippines measures the purchasing power of the Philippine peso relative to a basket of major trading partner currencies, adjusted for inflation. It provides insights into the country's international competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Real Broad Effective Exchange Rate for Philippines is an index that tracks the value of the Philippine peso against a weighted average of the currencies of its major trading partners. It accounts for changes in both nominal exchange rates and relative prices, offering a comprehensive view of the peso's purchasing power and trade dynamics.
Methodology
The data is calculated by the Bank for International Settlements based on official exchange rates and consumer price indexes.
Historical Context
Policymakers and analysts use this index to assess the Philippines' trade position and international competitiveness.
Key Facts
- The base year for the index is 2010 = 100.
- The index accounts for trade with over 60 partner countries.
- Fluctuations in the index reflect changes in the Philippine peso's value and the country's trade dynamics.
FAQs
Q: What does this economic trend measure?
A: The Real Broad Effective Exchange Rate for Philippines measures the purchasing power and international competitiveness of the Philippine peso against a basket of major trading partner currencies, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the Philippines' trade position and can inform economic policy decisions, investment strategies, and assessments of the country's international competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements based on official exchange rates and consumer price indexes.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Real Broad Effective Exchange Rate for Philippines to evaluate the country's trade position, monitor competitiveness, and inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months. While comprehensive, the index may not capture all nuances of the Philippines' trade relationships and economic dynamics.
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Citation
U.S. Federal Reserve, Real Broad Effective Exchange Rate for Philippines (RBPHBIS), retrieved from FRED.