The Bangko Sentral ng Pilipinas (BSP) has released the latest exchange rates, showing how different currencies compare against the Philippine Peso (PHP), US Dollar (USD), and Euro (EUR). But what does this mean for your money? Let’s break it down!
TOP 10 CURRENCIES & THEIR IMPACT
US Dollar (USD) – PHP 57.81 
- The US Dollar remains strong, with $1 equal to PHP 57.81.
- A weaker peso means imported goods (like fuel and gadgets) could get more expensive.
- Good news for OFWs earning in USD—they get more pesos when sending money home!
Japanese Yen (JPY) – PHP 0.39 
- JPY is slightly weaker, with ¥1 equal to PHP 0.39.
- Travelers to Japan will get more yen for their pesos, making trips cheaper!
- However, Filipino exporters selling to Japan might earn less when converting JPY to PHP.
British Pound (GBP) – PHP 73.96 
- The British Pound remains high, with £1 equal to PHP 73.96.
- This makes UK goods expensive for Filipinos, but great for Filipinos working in the UK—they get more pesos when converting GBP!
Hong Kong Dollar (HKD) – PHP 7.44 
- Steady exchange rate, $1 HKD = PHP 7.44.
- This benefits Filipinos in Hong Kong, as they continue to get good value when sending remittances home.
Swiss Franc (CHF) – PHP 64.98 
- The Swiss Franc is strong, making Switzerland an expensive travel destination.
- Luxury imports (like Swiss watches) will be pricier in the Philippines.
Canadian Dollar (CAD) – PHP 40.18 
- The Canadian Dollar remains stable at PHP 40.18 per CAD.
- This means Filipino workers in Canada continue to get a good exchange rate for their remittances.
Singapore Dollar (SGD) – PHP 43.22 
- The SGD is strong, meaning Filipinos working in Singapore get good conversion rates when sending money home.
- However, Filipinos traveling to Singapore will find it more expensive.
Australian Dollar (AUD) – PHP 36.25 
- The Australian Dollar is slightly lower, making it a bit cheaper for Filipinos studying or traveling in Australia.
Bahraini Dinar (BHD) – PHP 153.42 
- The Bahraini Dinar remains one of the strongest currencies, with BHD 1 = PHP 153.42.
- OFWs in Bahrain benefit, as they get more pesos when converting their earnings.
Kuwaiti Dinar (KWD) – N/A 
- The Kuwaiti Dinar is usually one of the most valuable currencies, but its rate was not available in this bulletin.
WHAT DOES THIS MEAN FOR YOU?
OFWs earning in strong currencies (USD, GBP, BHD) benefit, as they get more pesos for every unit of their currency. Travelers should check exchange rates before flying! A weak peso means you spend more abroad. Importers face higher costs if the peso continues to weaken, which may lead to higher prices for goods in the Philippines.
Need to exchange money? Check BSP’s latest rates before making a move! 
