Let’s break it down in a way that’s easy to understand! The Bangko Sentral ng Pilipinas (BSP) has shared the latest exchange rates for different currencies on April 3, 2025. These rates show how much each foreign currency is worth compared to the Philippine Peso (PHP), the local money used in the Philippines.
Here are some of the top 15 currencies and how they compare to the US Dollar and Philippine Peso:
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United States Dollar (USD): Worth 57.215 pesos – The most popular currency around the world.
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Japanese Yen (JPY): Worth 0.3848 pesos – This is the money used in Japan.
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United Kingdom Pound (GBP): Worth 74.3967 pesos – This is the currency of the UK.
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Hong Kong Dollar (HKD): Worth 7.3517 pesos – The money used in Hong Kong.
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Swiss Franc (CHF): Worth 64.8843 pesos – The currency used in Switzerland.
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Canadian Dollar (CAD): Worth 40.1340 pesos – The money of Canada.
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Singapore Dollar (SGD): Worth 42.4318 pesos – The currency of Singapore.
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Australian Dollar (AUD): Worth 35.8223 pesos – The money used in Australia.
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Bahrain Dinar (BHD): Worth 151.8244 pesos – The currency used in Bahrain.
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Kuwait Dinar (KWD): The exchange rate isn’t available right now.
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Saudi Riyal (SAR): Worth 15.2557 pesos – The currency of Saudi Arabia.
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Brunei Dollar (BND): Worth 42.2750 pesos – The money used in Brunei.
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Indonesian Rupiah (IDR): Worth 0.0034 pesos – The currency of Indonesia.
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Thai Baht (THB): Worth 1.6627 pesos – The currency of Thailand.
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United Arab Emirates Dirham (AED): Worth 15.5776 pesos – The money used in the UAE.
How the Exchange Rates Work
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BSP Buying Rate: The price BSP will pay if it buys foreign money from you is 56.950 pesos for 1 US Dollar.
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BSP Selling Rate: If you want to exchange your pesos for foreign currency, BSP will sell it to you for 57.450 pesos for 1 US Dollar.
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The PDS Closing Rate shows that the market value of 1 US Dollar is 57.215 pesos at the end of the day.
Why Does This Matter?
If you’re traveling to another country or planning to buy something from abroad, knowing the exchange rate is super important. It tells you how much money you’ll need to spend, or how much you’ll get back if you’re converting your pesos into another currency. The value of each currency changes every day based on how strong or weak it is in comparison to the Philippine Peso.
The BSP reference rate shows the middle ground, which helps people understand what’s happening in the global market. For example, today’s rate of 1 USD = 57.200 PHP helps businesses and the government know how to plan for expenses and profits in foreign currencies.
So, if you want to know how much your money is worth in another country, this exchange rate bulletin gives you the information you need!
