The Bangko Sentral ng Pilipinas (BSP) released its latest reference exchange rates, showing how the Philippine peso (PHP) is faring against the world’s major currencies. Here’s a clear look at the top 15 currencies and what it means for businesses, travelers, and investors.
1. United States Dollar (USD) – PHP 58.93
The dollar remains the strongest global benchmark. One USD equals ₱58.93, showing stability for imports, remittances, and overseas Filipino workers’ earnings.
2. Japanese Yen (JPY) – PHP 0.38
The yen holds steady at ₱0.3823 per JPY, making Japanese products and travel moderately affordable for Filipinos.
3. British Pound (GBP) – PHP 77.50
The pound remains relatively strong, trading at ₱77.50 per GBP. This impacts UK-bound travel and online purchases priced in pounds.
4. Hong Kong Dollar (HKD) – PHP 7.58
The HKD is valued at ₱7.5821, reflecting consistent trade relations and remittance flows between Hong Kong and the Philippines.
5. Swiss Franc (CHF) – PHP 73.64
The franc is at ₱73.6361, useful to note for investors and businesses dealing with Swiss exports or financial services.
6. Canadian Dollar (CAD) – PHP 42.05
At ₱42.0485 per CAD, the Canadian dollar remains a solid option for Filipino travelers and trade with Canada.
7. Singapore Dollar (SGD) – PHP 45.31
The SGD sits at ₱45.3106, showing a stable exchange rate for Southeast Asian trade and investment.
8. Australian Dollar (AUD) – PHP 38.45
The AUD trades at ₱38.4525, keeping Australian goods and services accessible for Philippine businesses and students studying abroad.
9. Bahrain Dinar (BHD) – PHP 156.32
The BHD is one of the strongest currencies against the peso, at ₱156.3157, reflecting Bahrain’s high-value economy.
10. Kuwait Dinar (KWD) – N/A
No current BSP reference for KWD, though historically one of the strongest Middle Eastern currencies.
11. Saudi Riyal (SAR) – PHP 15.71
The SAR trades at ₱15.7132, relevant for OFWs and businesses with Saudi connections.
12. Brunei Dollar (BND) – PHP 45.14
The BND sits at ₱45.1371, comparable to the Singapore dollar due to regional currency alignment.
13. Indonesian Rupiah (IDR) – PHP 0.0035
One rupiah is just ₱0.0035, highlighting the low-value but high-volume trade with Indonesia.
14. Thai Baht (THB) – PHP 1.82
The baht trades at ₱1.8183, keeping Thailand-bound travel and imports cost-effective for Filipinos.
15. UAE Dirham (AED) – PHP 16.05
The AED stands at ₱16.0457, a key rate for OFWs in the United Arab Emirates and for trade in the Gulf region.
BSP Rates Summary
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Buying Rate (T/T): ₱58.750
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Selling Rate (T/T): ₱59.250
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Reference Rate: ₱59.000
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Gold Buying: $4,142/oz
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Silver Buying: $51.25/oz
What This Means
The Philippine peso shows relative stability against major currencies, providing predictability for remittances, trade, and tourism. While high-value currencies like the Bahrain Dinar and British Pound remain strong, regional currencies like the Thai Baht and Singapore Dollar continue to offer accessible exchange options.
This snapshot gives businesses, travelers, and OFWs a clear picture of the peso’s buying power and global positioning today.
