Have you ever wondered how much your pesos are worth in US dollars or other currencies? 🤔 Every day, the Bangko Sentral ng Pilipinas (BSP) releases an exchange rate bulletin to show how different foreign currencies compare to the Philippine peso. Let’s break it down so everyone can understand!
📊 What Is the Exchange Rate Today?
As of March 10, 2025, here’s how much ₱1 (Philippine peso) is worth compared to major currencies:
💵 1 US Dollar = ₱57.28
💷 1 British Pound = ₱74.03
🇭🇰 1 Hong Kong Dollar = ₱7.37
🇯🇵 1 Japanese Yen = ₱0.39
🇨🇦 1 Canadian Dollar = ₱39.83
🇸🇬 1 Singapore Dollar = ₱43.05
🇦🇺 1 Australian Dollar = ₱36.10
🇦🇪 1 UAE Dirham = ₱15.60
🇸🇦 1 Saudi Riyal = ₱15.27
🇧🇭 1 Bahraini Dinar = ₱151.95 (Highest value today!)
📌 What Do These Numbers Mean?
- A higher exchange rate means a currency is stronger than the peso. For example, 1 British Pound is worth ₱74.03, making it more valuable than the peso.
- A lower exchange rate means a currency is weaker compared to the peso. For instance, 1 Japanese Yen is just ₱0.39.
💰 How Does This Affect You?
✔ If you work abroad (OFW) and send money home, a higher peso rate means your family gets more pesos.
✔ If you travel abroad, you’ll need to exchange pesos for foreign money, so a weaker peso means you spend more.
✔ Businesses that import products need US dollars, so they keep an eye on exchange rates daily.
📌 Gold & Silver Prices
Did you know BSP also tracks gold and silver prices? Today’s rates:
🏆 Gold = $2,916.20 per ounce
🥈 Silver = $32.55 per ounce
💡 What’s Next?
Exchange rates change every day, so stay updated! Whether you’re sending money, traveling, or investing, knowing these rates can help you make better financial decisions.
