The Philippine peso opened the week under pressure—steady, but still feeling the weight of a strong US dollar and mixed global signals.
Based on the Bangko Sentral ng Pilipinas (BSP) Reference Exchange Rate Bulletin dated January 19, 2026, here’s what’s happening to the peso (PHP) against the world’s top 15 currencies—and what it means for everyday Filipinos.
PHP vs US Dollar: Still the Main Story
The peso is trading at ₱59.386 per US dollar.
That means:
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Imports remain expensive
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Overseas remittances still stretch further
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Dollar-denominated debts stay costly
The BSP reference rate stands at ₱59.350, with buying at ₱59.10 and selling at ₱59.60—signaling tight control, but no major relief yet.
Top 15 Currencies vs the Philippine Peso
Here’s how the peso compares today:
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United States (USD) – ₱59.39
The benchmark. The peso remains weak against the dollar. -
Japan (JPY) – ₱0.38
The yen stays soft, making Japanese goods cheaper for peso buyers. -
United Kingdom (GBP) – ₱79.32
The pound remains strong, reflecting tighter UK monetary conditions. -
Hong Kong (HKD) – ₱7.62
Stable, closely tracking the US dollar due to its peg. -
Switzerland (CHF) – ₱74.12
Still a global safe haven—and expensive against the peso. -
Canada (CAD) – ₱42.69
A relatively steady rate, influenced by commodity markets. -
Singapore (SGD) – ₱46.08
Strong regional currency, reflecting Singapore’s stable economy. -
Australia (AUD) – ₱39.62
Softer compared to earlier years, but still firm against the peso. -
Bahrain (BHD) – ₱157.57
One of the strongest currencies globally, pegged to the dollar. -
Kuwait (KWD) – No rate available
Still among the world’s most valuable currencies, but no BSP quote today. -
Saudi Arabia (SAR) – ₱15.84
Stable, also pegged to the US dollar. -
Brunei (BND) – ₱45.90
Closely aligned with the Singapore dollar. -
Indonesia (IDR) – ₱0.0035
Like the peso, the rupiah faces pressure from global tightening. -
Thailand (THB) – ₱1.89
Regional peers remain relatively close in value. -
United Arab Emirates (AED) – ₱16.17
Another dollar-pegged currency, steady and predictable.
The Euro Factor
The euro is trading at ₱68.80, reflecting ongoing economic uncertainty in Europe—but still far stronger than the peso.
What This Means for Filipinos
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OFWs sending dollars continue to benefit
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Importers and travelers feel the pinch
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Consumers may see higher prices for fuel, food, and goods
Gold and silver prices also remain high, with gold at $4,665.15 and silver at $92.90, signaling continued global uncertainty.
The Bottom Line
As of January 19, 2026, the peso remains under pressure—but stable. The US dollar continues to dominate, while regional currencies move cautiously alongside it.
For now, the peso holds its ground—waiting for clearer signals from global markets, central banks, and the next big economic shift.
