Broad Effective Exchange Rate for Philippines
NBPHBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.47
Year-over-Year Change
0.03%
Date Range
1/1/1994 - 6/1/2025
Summary
The Broad Effective Exchange Rate for Philippines measures the strength of the Philippine peso relative to a basket of major currencies. It is an important indicator of the country's international competitiveness and trade dynamics.
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 Broad Effective Exchange Rate (BEER) for Philippines is a trade-weighted index that tracks the value of the Philippine peso against the currencies of its major trading partners. It provides a comprehensive view of the peso's performance in the global marketplace, which is crucial for analyzing the country's export competitiveness and import pressures.
Methodology
The data is calculated by the Bank for International Settlements based on exchange rate and trade flow information.
Historical Context
Policymakers and analysts use the BEER to assess the Philippines' exchange rate dynamics and their impact on the domestic economy and international trade.
Key Facts
- The BEER for Philippines has a base year of 2010.
- The index accounts for trade with over 60 countries.
- A higher BEER indicates a stronger Philippine peso.
FAQs
Q: What does this economic trend measure?
A: The Broad Effective Exchange Rate for Philippines measures the overall strength of the Philippine peso against a basket of major currencies, providing a comprehensive view of the country's international trade competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The BEER is a crucial indicator for analyzing the Philippines' export competitiveness, import pressures, and overall exchange rate dynamics, which are vital for policymakers and economists assessing the country's economic performance and trade position.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements based on exchange rate and trade flow information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the BEER to assess the Philippines' exchange rate dynamics and their impact on the domestic economy and international trade, informing decisions on monetary policy, trade policy, and exchange rate management.
Q: Are there update delays or limitations?
A: The BEER data is published with a delay, and the index may not fully capture all factors influencing the Philippine peso's value, such as capital flows and speculative activity.
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Citation
U.S. Federal Reserve, Broad Effective Exchange Rate for Philippines (NBPHBIS), retrieved from FRED.