August 29, 2025 — Bangko Sentral ng Pilipinas (BSP) Reference Exchange Rates
The Philippine peso opened the day trading at ₱57.10 per U.S. dollar, based on the BSP’s reference rate. It’s a reminder that the dollar continues to set the tone for global currencies, and the peso is feeling the weight of international market shifts.
Here’s what’s happening with the top 15 currencies today:
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US Dollar (USD) – At ₱57.08, the dollar remains strong. It continues to be the benchmark, keeping pressure on the peso.
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Japanese Yen (JPY) – Trading at just ₱0.39 per yen, the Japanese currency stays weak. This has made it cheaper for Filipinos buying goods from Japan, but tough for Japanese exporters.
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British Pound (GBP) – The pound shines at ₱77.16, holding firm as one of the most expensive currencies in the world.
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Hong Kong Dollar (HKD) – At ₱7.32, the HK dollar remains stable. Its movement closely follows the US dollar, given its peg.
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Swiss Franc (CHF) – Known as a “safe haven,” the franc sits high at ₱71.23, reflecting investor trust in Switzerland.
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Canadian Dollar (CAD) – Trading at ₱41.51, the loonie shows moderate strength, lifted by global oil demand.
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Singapore Dollar (SGD) – At ₱44.53, the Singapore dollar is one of Asia’s strongest currencies, supported by its robust economy.
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Australian Dollar (AUD) – The Aussie sits at ₱37.27, slightly weaker compared to peers, influenced by commodity prices.
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Bahraini Dinar (BHD) – At a striking ₱151.47, the dinar holds its title as one of the world’s most powerful currencies.
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Kuwaiti Dinar (KWD) – The rates were unavailable today, but the KWD is historically the world’s strongest currency against the peso and dollar.
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Saudi Riyal (SAR) – Priced at ₱15.21, the riyal stays steady—important for OFWs sending money home from the Middle East.
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Brunei Dollar (BND) – Almost mirroring Singapore’s, the Brunei dollar trades at ₱44.36.
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Indonesian Rupiah (IDR) – At ₱0.0035, the rupiah is one of Asia’s weakest, showing how wide the gap is between regional economies.
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Thai Baht (THB) – Standing at ₱1.77, the baht holds steady. Thailand’s tourism recovery plays a big role in keeping it afloat.
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UAE Dirham (AED) – Trading at ₱15.54, the dirham stays strong, another lifeline for remittances from millions of Filipino workers in Dubai and Abu Dhabi.
Meanwhile, the Euro (EUR) remains a heavyweight at ₱66.67, while other Asian currencies like the Chinese Yuan (₱8.00) and Korean Won (₱0.041) reflect mixed performance.
The BSP also reported that gold prices are climbing, with gold buying at $3,414.05 per ounce and silver at $39.00 per ounce—a sign that investors are hedging against market uncertainty.
For Filipinos, these numbers matter beyond finance. They shape the cost of imported goods, the value of overseas remittances, and even the peso’s strength when traveling abroad.
As the peso holds near the ₱57 level, the message is clear: global currencies are shifting, and the Philippines must brace for the ripple effects of a stronger dollar, resilient Gulf currencies, and Asia’s mixed performance.
