The Bangko Sentral ng Pilipinas (BSP) just released the latest exchange rates for March 4, 2025! Here’s what’s happening with the top 10 currencies and how they compare to the Philippine peso.
1️⃣ U.S. Dollar (USD) – ₱57.92 🇺🇸
🔹 The dollar remains strong as global investors prefer the stability of the U.S. economy.
🔹 This means imported goods could get more expensive for Filipinos, but OFWs in the U.S. send more valuable remittances!
2️⃣ Japanese Yen (JPY) – ₱0.39 🇯🇵
🔹 The yen has weakened slightly, making Japanese products and travel more affordable for Filipinos.
🔹 Japan’s central bank is keeping interest rates low, which affects its currency value.
3️⃣ British Pound (GBP) – ₱73.57 🇬🇧
🔹 The pound remains one of the highest-valued currencies, but its strength depends on economic stability in the UK.
🔹 This affects Filipino workers in the UK—their salaries in pesos remain high!
4️⃣ Hong Kong Dollar (HKD) – ₱7.44 🇭🇰
🔹 The HKD is tied to the U.S. dollar, so it remains stable.
🔹 This is good news for OFWs in Hong Kong, as their remittances hold value!
5️⃣ Swiss Franc (CHF) – ₱64.59 🇨🇭
🔹 The Swiss franc remains one of the world’s safest currencies, often rising when global uncertainty increases.
🔹 It’s costly for Filipinos who want to study or visit Switzerland!
6️⃣ Canadian Dollar (CAD) – ₱40.00 🇨🇦
🔹 Canada’s economy is doing well, keeping the CAD stable.
🔹 Many Filipino immigrants in Canada benefit from this strong exchange rate when sending money home.
7️⃣ Singapore Dollar (SGD) – ₱43.02 🇸🇬
🔹 The SGD remains strong in Asia, making Singapore an expensive place to live and visit.
🔹 OFWs in Singapore enjoy a good exchange rate when sending money home.
8️⃣ Australian Dollar (AUD) – ₱36.05 🇦🇺
🔹 The Aussie dollar is affected by China’s economy (since China is Australia’s biggest trade partner).
🔹 Good news for students and workers in Australia—their money still converts well to pesos!
9️⃣ Bahrain Dinar (BHD) – ₱153.72 🇧🇭
🔹 The Bahrain Dinar is one of the most valuable currencies in the world!
🔹 This is amazing for OFWs working in Bahrain, as their earnings are worth a lot in pesos.
🔟 Euro (EUR) – ₱60.76 🇪🇺
🔹 The euro remains strong, but Europe’s economic struggles affect its value.
🔹 Filipinos in Europe sending money home get a good peso exchange rate.
What This Means for Filipinos 🇵🇭
📈 Stronger foreign currencies = OFWs earn more when sending remittances!
📉 Weaker peso = imported goods and foreign travel become more expensive!
