ASEAN currencies vs the US dollar
Indexed to 100 since 1999. Up = stronger, down = weaker. Swipe.
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SINCE 1999
The peso has underperformed. Since 1999 it has lost 39% of its value against the dollar, with only Indonesia faring worse, while Singapore and Thailand actually strengthened.
100 = January 1999; shaded bands mark each Philippine presidency.
1999 → 2026
Who held value, who lost it
| Currency | per US$ 1999 | now | net vs US$ |
|---|---|---|---|
| 🇸🇬 SGD | 1.6796 | 1.2799 | +31% stronger |
| 🇹🇭 THB | 36.61 | 33.63 | +9% stronger |
| 🇲🇾 MYR | 3.7987 | 4.0845 | −7% weaker |
| 🇵🇭 PHP | 38.36 | 62.70 | −39% weaker |
| 🇮🇩 IDR | 8549 | 17948 | −52% weaker |
Change in dollar value since 1999. ECB data begins in 1999, so the 1997 crisis sits just before this window.
Sources & method
- Monthly averages of ECB reference rates from Konteksto's archive, 1999 to 2026. Back to the peso in context.