The Philippine peso (PHP) continues to show its strength and resilience against major global currencies, as reported by the Bangko Sentral ng Pilipinas (BSP). Here’s a snapshot of how the peso is trading against the top 15 currencies in the world today:
-
U.S. Dollar (USD): 1 USD = ₱58.975
The peso remains stable against the greenback, with the BSP reference rate at ₱59.00. -
Japanese Yen (JPY): 1 JPY = ₱0.3793
A slight fluctuation, but the peso continues to hold steady against Japan’s currency. -
British Pound (GBP): 1 GBP = ₱77.5521
The peso is weaker here, showing that the pound remains a strong global currency. -
Hong Kong Dollar (HKD): 1 HKD = ₱7.5760
The peso trades favorably, making imports from Hong Kong more manageable. -
Swiss Franc (CHF): 1 CHF = ₱73.7741
The franc remains strong, highlighting safe-haven demand globally. -
Canadian Dollar (CAD): 1 CAD = ₱42.1672
The peso holds well, offering better purchasing power for Canadians buying Philippine goods. -
Singapore Dollar (SGD): 1 SGD = ₱45.3096
Trade relations with Singapore are stable, thanks to a steady peso rate. -
Australian Dollar (AUD): 1 AUD = ₱38.3691
The peso is strong against the Australian dollar, keeping import costs lower. -
Bahraini Dinar (BHD): 1 BHD = ₱156.4324
One of the strongest currencies globally, making the peso look comparatively modest. -
Saudi Riyal (SAR): 1 SAR = ₱15.7267
The peso remains stable, reflecting ongoing economic ties with the Gulf. -
Brunei Dollar (BND): 1 BND = ₱45.1362
A favorable exchange rate for trade and remittances. -
Indonesian Rupiah (IDR): 1 IDR = ₱0.0035
The peso shows significant strength against the Indonesian rupiah. -
Thai Baht (THB): 1 THB = ₱1.8222
Tourism and trade with Thailand remain attractive due to this rate. -
United Arab Emirates Dirham (AED): 1 AED = ₱16.0577
The peso is holding steady, benefiting the many OFWs sending remittances back home. -
European Euro (EUR): 1 EUR = ₱68.3107
The peso is weaker versus the euro, reflecting strong demand for Europe’s top currency.
Other Highlights:
-
BSP Buying Rate (T/T): ₱58.750
-
BSP Selling Rate (T/T): ₱59.250
-
Gold Buying Price: $4,072.80 per ounce
-
Silver Buying Price: $50.80 per ounce
What’s Happening:
The peso remains relatively stable against most major currencies, showing resilience amid global economic fluctuations. It fares strongest against the Indonesian rupiah, Australian dollar, and Canadian dollar, while weaker against Bahraini dinar, British pound, and European euro.
This stability is good news for OFWs sending remittances, Filipino exporters, and tourists planning trips abroad. With BSP keeping a close eye on foreign exchange, the peso’s performance today signals cautious optimism for the Philippine economy.
