The Bangko Sentral ng Pilipinas (BSP) has released today’s reference exchange rates, and once again, the peso continues to feel the strength of global currencies. With the U.S. dollar standing firm, overseas Filipinos, travelers, and businesses are closely watching how each movement could affect their daily lives.
Here’s what’s happening with the top 15 currencies:
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United States Dollar (USD) – At ₱56.80, the dollar remains strong. This benefits OFWs sending money home but makes imports more expensive.
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Japanese Yen (JPY) – The yen is weak at ₱0.38 per unit, making Japan relatively cheaper for travelers but tough for exporters to Japan.
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British Pound (GBP) – Still one of the most powerful currencies, the pound is valued at ₱76.97. This means higher remittance value from the UK.
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Hong Kong Dollar (HKD) – Steady at ₱7.29, a vital currency for OFWs and traders tied to Hong Kong markets.
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Swiss Franc (CHF) – Known as a safe-haven currency, the franc is at ₱71.61, showing its strength amid global uncertainty.
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Canadian Dollar (CAD) – At ₱41.16, the loonie is relatively stable, good news for Filipinos working in Canada.
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Singapore Dollar (SGD) – Standing at ₱44.27, it remains strong, boosting OFW remittances from Singapore.
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Australian Dollar (AUD) – Valued at ₱37.43, it’s softer compared to others, giving some relief for Filipinos paying in AUD.
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Bahrain Dinar (BHD) – At a striking ₱150.67, it remains one of the world’s strongest currencies, a big boost for OFWs in the Gulf.
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Kuwaiti Dinar (KWD) – Data was not available today, but the Kuwaiti dinar usually holds the crown as the most powerful global currency.
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Saudi Riyal (SAR) – At ₱15.14, the Riyal continues to play a crucial role for millions of OFWs in Saudi Arabia.
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Brunei Dollar (BND) – Close to the Singapore dollar at ₱44.10, keeping steady for Filipinos in Brunei.
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Indonesian Rupiah (IDR) – Very weak at just ₱0.0035, but vital for cross-border trade in Southeast Asia.
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Thai Baht (THB) – At ₱1.79, it remains steady, a key marker for regional tourism and trade.
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UAE Dirham (AED) – At ₱15.47, it’s strong and important for OFWs in Dubai and Abu Dhabi, ensuring good remittance returns.
What This Means for Filipinos
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OFWs sending money home from countries like the U.S., UK, Saudi Arabia, and the UAE will see stronger peso values.
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Importers and businesses may face higher costs, especially when dealing with dollar-based transactions.
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Travelers heading to Japan or Australia may benefit from weaker local currencies.
As of today, the peso trades at ₱56.70 per dollar as the BSP’s official reference rate. Gold is trading at $3,633.65, while silver sits at $41.25, reflecting global market movements.
In short, the peso is holding its ground but remains under pressure from the world’s strongest currencies. For everyday Filipinos, it’s a reminder that global shifts in finance reach all the way into our wallets.
