# From P64.17 to P63.74! Guinigundo says Marcos assurance may have helped peso recover

> The Philippine peso strengthened to P63.74 per US dollar on Oct. 30 after hitting a record low of P64.17 three days earlier, according to a Nov. 3 report by Diwa Guinigundo. He credited market confidence and policy signals, along with the Fed's decision to hold rates, softer oil prices and seasonal FX flows, while saying it is too early to call a sustained reversal.

- Date: 2026-11-04 · published 2026-11-04T09:10:39.531Z
- Category: macro · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/79512-from-p64-17-to-p63-74-guinigundo-says-marcos-assurance-may-have-helped-peso
- Commodities: [Philippine Peso (PHP per USD)](https://feedsoft.ai/c/USDPHP.md)

## Why it matters

A weaker peso raises the local cost of imported feed ingredients, while a recovery eases that pressure on Philippine feed buyers. The move reflects FX sensitivity to policy signals rather than a fundamental change in import demand.

## Read by commodity

- USDPHP: bearish ▼

## Sources

- bnc.bilyonaryo.com: https://bnc.bilyonaryo.com/from-p64-17-to-p63-74-guinigundo-says-marcos-assurance-may-have-helped-peso-recover/business/

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