Ever wondered how your money compares to other currencies around the world? 🤔 Let’s break it down in simple terms so even a 4th grader can understand! Here’s what’s happening with the top 15 currencies based on the Bangko Sentral ng Pilipinas (BSP) exchange rates for March 28, 2025.
📌 1. US Dollar (USD) – 🇺🇸 The King of Currencies
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$1 = PHP 57.53
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The US Dollar is the most powerful currency in the world, used in almost every country for trade. It remains stable and strong.
📌 2. Japanese Yen (JPY) – 🇯🇵 A Tiny but Mighty Currency
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¥1 = PHP 0.38
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The Yen is worth less than a peso, but don’t be fooled! Japan’s economy is huge, and ¥100 could buy a small snack in Tokyo.
📌 3. British Pound (GBP) – 🇬🇧 The Expensive One
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£1 = PHP 74.54
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The Pound is one of the strongest currencies in the world. It’s more expensive than the US Dollar, meaning you’d need more pesos to buy one.
📌 4. Hong Kong Dollar (HKD) – 🇭🇰 The Asian Trade Giant
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HK$1 = PHP 7.39
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Hong Kong’s currency is closely linked to the US Dollar, which keeps it stable for global trade.
📌 5. Swiss Franc (CHF) – 🇨🇭 The Safe Haven
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CHF 1 = PHP 65.23
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The Swiss Franc is known for its stability. Many people invest in Swiss banks when the global economy is unstable.
📌 6. Canadian Dollar (CAD) – 🇨🇦 The Oil-Backed Currency
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CAD 1 = PHP 40.22
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Canada’s economy depends a lot on oil prices. If oil prices go up, the Canadian Dollar gets stronger.
📌 7. Singapore Dollar (SGD) – 🇸🇬 The Smart Economy
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SGD 1 = PHP 42.95
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Singapore is a small country, but its currency is one of the strongest in Asia due to its booming economy.
📌 8. Australian Dollar (AUD) – 🇦🇺 The Gold-Linked Dollar
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AUD 1 = PHP 36.25
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Australia’s economy depends on gold and natural resources. If gold prices rise, the AUD gets stronger.
📌 9. Bahraini Dinar (BHD) – 🇧🇭 The Super Expensive One
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BHD 1 = PHP 152.66
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The Bahraini Dinar is one of the highest-valued currencies in the world. Even one dinar is worth more than 150 pesos!
📌 10. Kuwaiti Dinar (KWD) – 🇰🇼 The Mystery Currency
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No exchange rate available today
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The Kuwaiti Dinar is usually the most expensive currency in the world, thanks to its oil-rich economy.
📌 11. Saudi Riyal (SAR) – 🇸🇦 The OFW Favorite
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SAR 1 = PHP 15.34
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Many Filipino workers in Saudi Arabia send Riyals back home. Its value is stable because it is tied to the US Dollar.
📌 12. Brunei Dollar (BND) – 🇧🇳 Small but Strong
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BND 1 = PHP 42.79
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Brunei’s currency is tied to the Singapore Dollar, making it just as strong.
📌 13. Indonesian Rupiah (IDR) – 🇮🇩 The Weakest in the List
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IDR 1 = PHP 0.0035
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The Rupiah has a very low value, meaning thousands of Rupiah are needed to buy even basic items.
📌 14. Thai Baht (THB) – 🇹🇭 Southeast Asia’s Strong Currency
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THB 1 = PHP 1.70
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The Baht is stronger than the Philippine Peso because Thailand’s economy is growing fast.
📌 15. UAE Dirham (AED) – 🇦🇪 OFW’s Hard-Earned Money
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AED 1 = PHP 15.66
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Many Filipino workers in Dubai and Abu Dhabi send Dirhams home, making it one of the most important currencies for the Philippines.
🏦 What Else is Happening in the Market?
📉 Peso vs. Dollar:
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Buying Rate: PHP 57.10
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Selling Rate: PHP 57.60
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Reference Rate: PHP 57.35
💰 Gold Price: $3,058.25 per ounce
🥈 Silver Price: $34.40 per ounce
Gold is super expensive right now! If you invested in gold a few years ago, you’re making big money today.
🌍 What Does This Mean for You?
🔹 If you earn in dollars, pounds, or dinars → You’re lucky! The exchange rate is high, so you get more pesos when you send money home.
🔹 If you buy imported goods → Expect to pay more. Since the peso is weaker than the US Dollar, imported products like gadgets, clothes, and even fuel cost more.
🔹 If you’re an OFW → Your remittances are valuable! Families receiving money from overseas workers will get more pesos for every dollar, riyal, or dirham sent home.
📢 Final Thoughts
Currency values change every day based on how strong a country’s economy is. Right now, the US Dollar remains the king, while oil-rich countries like Bahrain and Kuwait have super expensive currencies.
