Philippine peso weakens in April 2026, ends at ₱61.48 after hitting record lows

The currency breaks into the ₱61 level for the first time, posting back-to-back historic lows late in the month.

The Philippine peso opened April at ₱60.16 on April 1 and ended the month at ₱61.485 on April 30, weakening by around ₱1.33 over the period.

The month began with some attempts at recovery, including a strong rebound on April 8 that briefly pulled the currency back into the ₱59 range. But those gains didn’t hold. For most of April, the peso moved back and forth between ₱59 and ₱60, showing short bursts of strength followed by quick pullbacks.

From volatility to freefall

Pressure intensified in the second half of the month. By April 22 onward, the peso was steadily weakening, pushing past the ₱60 level and staying there through the final stretch of trading.

The biggest move came in the last week of April, when the peso broke into the ₱61 level for the first time on April 28, setting a new historic low. This was followed by another record low on April 29, marking back-to-back new lows before a slight recovery on the final trading day.

Overall, April shows a currency under sustained pressure, with brief recoveries overshadowed by a broader weakening trend and new historic lows late in the month.