The Asian Development Bank (ADB) reported through Asian Bonds Online that the Philippine peso and the Indonesian rupiah have become the currencies that have depreciated the most against the US dollar.
At the close of trading on Friday (1/5/2026), Asian Bonds Online noted that the Philippine peso (PHP) depreciated by 4.11% since the beginning of the year (year-to-date/ytd). The exchange rate of one US dollar to the peso could reach PHP61.48.
Meanwhile, the rupiah became the second weakest currency with a depreciation of up to 3.79% (ytd). The exchange rate per US dollar broke through Rp17,337 at the close of trading last Friday.
As for the Chinese currency, the yuan, it occupies the top position as the currency with the highest appreciation. The yuan surpassed the Malaysian ringgit, which had previously held the strongest position in trading on April 27, 2026.
Here are the details of the changes in the exchange rates of Asian regional currencies against the US dollar from the beginning of the year (ytd) to May 1, 2026:
- China (yuan/CNY): 2.34% (ytd)
- Malaysia (ringgit/MYR): 2.25% (ytd)
- Brunei Darussalam (Brunei Dollar/BND): 0.99% (ytd)
- Singapore (Singapore Dollar/SGD): 0.99% (ytd)
- Myanmar (kyat/MMK): 0.09% (ytd)
- Cambodia (riel/KHR): 0.03% (ytd)
- Japan (yen/JPY): -0.19% (ytd)
- Vietnam (dong/VND): -0.22% (ytd)
- Hong Kong (Hong Kong Dollar/HKD): -0.66% (ytd)
- Laos (kip/LAK): -1.47% (ytd)
- South Korea (won/KRW): -1.82% (ytd)
- Thailand (baht/THB): -2.74% (ytd)
- Indonesia (rupiah/IDR): -3.79% (ytd)
- Philippines (peso/PHP): -4.11% (ytd).