Photo caption: As many as 800,000 teachers and non-teaching personnel, and 24 million students in more than 47,000 public schools nationwide are projected to benefit from the financial education program for public schools, a partnership project...
The Bankers Association of the Philippines lauds the recent decision of the Bangko Sentral ng Pilipinas to reduce the reserve ratio requirement by 200 basis points from 18% to 16%. The reduction of the RRR is a complementary boost to our national...
MANILA, Philippines — Electronic money transactions breached the P1-trillion level last year on the back of the growing number of providers as well as aggressive marketing strategies undertaken by major players, data from the Bangko Sentral ng...
In March, BDO Universal Bank President Nestor V. Tan turned over the leadership of the Bankers Association of the Philippines (BAP) to Bank of the Philippine Islands (BPI) President and Chief Executive Officer Cezar “Bong” P. Consing. Mr....
High remittance costs are limiting the gains that migration delivers to poor and developing countries, the World Bank said, but the Philippines appears to be an exception. In a report, the World Bank said remittance fees to the Philippines were...
The Bankers Association of the Philippines (BAP), under the new leadership of Bank of the Philippine Islands (BPI) President and CEO Cezar P. Consing, looks forward to the launch of the digital banking ID registry this year as it continues to...
|BAP Spot USD/PHP||Today||Previous|
|Date||May 24, 2019||May 23, 2019|
|BAP AM Weighted Average||52.483||52.528|
|BAP PM Weighted Average||52.295||52.514|
|BAP Weighted Average||52.358||52.522|
|FX Settlement Rate||52.483||52.528|
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.