# Peso continues rally vs dollar, closes at P63.47:$1

> The Philippine peso strengthened against the US dollar for a third straight session, closing at P63.47 per dollar from P63.74 on October 30. Bankers and analysts attributed the gain to government signals defending the currency after it hit a record low, and to remittances tied to a holiday weekend.

- Date: 2026-11-03 · published 2026-11-03T12:11:04.158Z
- Category: macro · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/77580-peso-continues-rally-vs-dollar-closes-at-p63-47-1
- Commodities: [Philippine Peso (PHP per USD)](https://feedsoft.ai/c/USDPHP.md)

## Why it matters

A firmer peso lowers the local-currency cost of imported feed ingredients such as soybean meal and corn, easing landed costs for Philippine feed buyers. The move is small and partly seasonal, so it is unlikely to change feed price direction on its own.

## Read by commodity

- USDPHP: bearish ▼

## Sources

- gmanetwork.com: https://www.gmanetwork.com/news/money/economy/1008147/peso-continues-rally-vs-dollar-closes-at-p63-47-1/story/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.