As the year winds down, the Philippine peso (PHP) continues to trade under pressure—especially against the US dollar, which remains the world’s strongest benchmark currency.
Based on the Bangko Sentral ng Pilipinas (BSP) Reference Exchange Rate Bulletin dated December 26, 2025, here’s what’s happening to the peso versus the world’s top 15 currencies, explained simply and clearly.
The Big Picture: Peso vs US Dollar
Today, ₱58.75 = $1.
That means the peso remains weak against the dollar, a level that reflects global uncertainty, strong US interest rates, and continued demand for dollars worldwide.
The BSP’s reference rate stands at ₱58.85, with buying and selling rates ranging from ₱58.60 to ₱59.10—a tight band, but still historically elevated.
In short:
👉 The dollar is strong. The peso is holding, but not gaining.
How the Peso Stacks Up Against the Top 15 Currencies
Here’s how the peso compares to major global currencies today, and what it means in real terms:
1. United States Dollar (USD)
₱58.75 = $1
The dollar remains king. A strong USD continues to weigh on emerging market currencies like the peso.
2. Euro (EUR)
₱69.21 = €1
The euro trades higher than the dollar in peso terms, reflecting Europe’s relatively stable currency position despite economic headwinds.
3. British Pound (GBP)
₱79.46 = £1
Still one of the strongest currencies globally. For Filipinos earning or sending pounds, this remains good news.
4. Swiss Franc (CHF)
₱74.62 = CHF 1
A traditional safe-haven currency, the franc stays expensive against the peso.
5. Singapore Dollar (SGD)
₱45.82 = SGD 1
The peso continues to lag behind the Singapore dollar, reflecting Singapore’s strong financial position in Asia.
6. Canadian Dollar (CAD)
₱42.95 = CAD 1
Commodity-linked currencies like the Canadian dollar remain relatively stable versus the peso.
7. Australian Dollar (AUD)
₱39.38 = AUD 1
Slightly cheaper than the Canadian dollar, but still strong against the peso.
8. Hong Kong Dollar (HKD)
₱7.56 = HKD 1
Pegged to the US dollar, the HKD closely follows USD movements against the peso.
9. Saudi Riyal (SAR)
₱15.67 = SAR 1
Like the HKD, the riyal is dollar-pegged—so peso weakness versus the USD shows up here too.
10. UAE Dirham (AED)
₱16.00 = AED 1
Another dollar-linked currency, remaining firm against the peso.
11. Bahraini Dinar (BHD)
₱155.80 = BHD 1
One of the strongest currencies in the world. Even small amounts convert to big peso values.
12. Japanese Yen (JPY)
₱0.38 = ¥1
The yen remains weak globally, but still trades higher than several Southeast Asian currencies.
13. Chinese Yuan (CNY)
₱8.39 = ¥1
The yuan remains managed and relatively steady, though still strong against the peso.
14. Thai Baht (THB)
₱1.89 = ฿1
Regional peers continue to trade above the peso, reflecting similar but slightly stronger economic positioning.
15. Indonesian Rupiah (IDR)
₱0.0035 = Rp1
A low-value currency by design, but comparable to the peso when scaled up in large amounts.
What This Means for Filipinos
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OFWs sending dollars, pounds, or dinars continue to benefit from favorable exchange rates
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Importers and travelers face higher costs due to a weaker peso
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The peso is stable—but not strengthening in the short term
For now, the currency story is clear:
👉 The US dollar remains dominant, and the peso is navigating global pressures carefully.
As 2025 closes, markets will be watching whether 2026 brings relief—or more volatility—for the Philippine peso.
