The peso woke up to another demanding day.
As of January 6, 2026, the Bangko Sentral ng Pilipinas (BSP) released its latest Reference Exchange Rate Bulletin, and the message is clear: the Philippine peso remains under pressure, especially against the world’s strongest currencies.
Let’s break down what’s happening—clearly, calmly, and currency by currency—so you know exactly where the peso stands today.
The Big Picture: Peso vs US Dollar
The US dollar continues to dominate.
Today, ₱58.964 = $1, keeping the peso close to the ₱59 level—a psychological line that signals how tight global conditions remain.
With US interest rates still high and investors playing it safe, the dollar stays strong… and emerging-market currencies like the peso feel the weight.
PHP vs the Top 15 Global Currencies (At a Glance)
Here’s how the peso is performing against the world’s most-watched currencies today:
🇺🇸 United States Dollar (USD)
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₱58.964
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Still the strongest benchmark. The peso struggles to regain ground.
🇬🇧 British Pound (GBP)
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₱79.84
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One of the most expensive currencies today. Imports from the UK remain costly.
🇪🇺 Euro (EUR)
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₱69.12
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The euro stays firm as Europe stabilizes inflation and growth outlooks.
🇨🇭 Swiss Franc (CHF)
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₱74.52
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A classic safe-haven currency—strong when global uncertainty rises.
🇨🇦 Canadian Dollar (CAD)
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₱42.82
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Supported by energy prices and steady economic data.
🇸🇬 Singapore Dollar (SGD)
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₱45.98
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A regional heavyweight. The peso remains weaker than Singapore’s currency.
🇦🇺 Australian Dollar (AUD)
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₱39.58
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Softer than major currencies, but still ahead of the peso.
🇭🇰 Hong Kong Dollar (HKD)
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₱7.57
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Pegged to the US dollar, it mirrors dollar strength closely.
🇸🇦 Saudi Riyal (SAR)
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₱15.73
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Stable, backed by oil revenues and a dollar peg.
🇦🇪 UAE Dirham (AED)
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₱16.05
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Another dollar-linked currency holding firm against the peso.
🇯🇵 Japanese Yen (JPY)
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₱0.38
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Weak globally—but still costly for peso earners traveling or importing from Japan.
🇧🇩 Bahrain Dinar (BHD)
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₱156.47
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One of the strongest currencies worldwide. Extremely expensive versus the peso.
🇧🇳 Brunei Dollar (BND)
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₱45.80
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Closely tied to the Singapore dollar and just as strong.
🇹🇭 Thai Baht (THB)
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₱1.89
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Competitive within ASEAN, but still ahead of the peso.
🇮🇩 Indonesian Rupiah (IDR)
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₱0.0035
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One of the few regional currencies trading lower than the peso.
What This Means for Filipinos
Pause for a moment—because this matters.
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OFWs earn more pesos per dollar—but face rising costs abroad
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Importers pay more for goods, fuel, and raw materials
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Travelers feel the squeeze when spending overseas
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Consumers eventually see higher prices at home
The peso isn’t collapsing—but it is under strain, and global forces are still calling the shots.
BSP Key Rates Today
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BSP Reference Rate: ₱59.150
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Buying Rate (T/T): ₱58.900
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Selling Rate (T/T): ₱59.400
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PDS Closing Rate (Jan 5, 2026): ₱59.130
Gold and silver prices remain elevated—another sign investors are still cautious.
Bottom Line
January 6, 2026 opens with a familiar theme:
The peso is holding on—but the dollar is still in control.
Until global interest rates ease and confidence shifts, the peso’s fight continues… one trading day at a time.
