MANILA, Philippines — The Bankers Association of the Philippines (BAP) has partnered with Bloomberg to pursue several initiatives to further the growth of the foreign exchange (forex) market in the Philippines. BAP managing director Benjamin...
The Bankers Association of the Philippines (BAP) reiterated its commitment in pursuing the Philippine banking roadmap during its annual membership meeting last March 19 where it elected new officers and directors for the term 2018-2019. Launched...
A few years before Sen. Benigno Aquino Jr. was assassinated, the Philippine banking system has been slogging through adverse financial shocks. Insolvencies in financial investment houses and finance companies were rampant in 1981, leading to a...
The central bank yesterday reported that the outstanding loans of commercial banks were up 19.1 percent year-on-year in January to R7.13 trillion, a slower pace of growth than 19.4 percent end-2017. Domestic liquidity, on the other hand, grew...
The Bankers Association of the Philippines (BAP) welcomes the decision by the Bangko Sentral ng Pilipinas (BSP) to reduce the current reserve requirement in its effort to help sustain the country’s growth momentum as the government embarks on a...
The Bangko Sentral ng Pilipinas (BSP) and major proponents in the country’s financial industry continue to adopt changes toward a cash-lite society amid digitization’s swift disruption of the global banking landscape. Part of the “Continuity...
|BAP Spot USD/PHP||Today||Previous|
|Date||May 21, 2018||May 18, 2018|
|BAP AM Weighted Average||52.385||52.314|
|BAP PM Weighted Average||52.445||52.327|
|BAP Weighted Average||52.41||52.32|
|FX Settlement Rate||52.385||52.314|
The Philippine Interbank Reference Rate (“PHIREF”) is solely owned and calculated by Bloomberg Finance L.P. and/or its affiliates (“Bloomberg”), under an agreement with the Bankers Association of the Philippines (“BAP”). PHIREF provided on this website is solely for internal business or personal use.