There is now a legislative proposal recognizing lender participation in a public-private partnership (PPP) project as alternative compliance to the oft-ignored agri-agra law, latest data of which show continuing dismal performance by an industry...
MANILA, Philippines - Fitch Ratings said the entry of more foreign banks into the country will help support the growing trade and investment needs of the Philippines. “We believe the entry of well-managed foreign banks expands the system’s...
PHILIPPINE BANKS are likely to see double-digit increases in total loans over the next two years, with the rising share of consumer credit unlikely to be a cause of concern as the lenders remain well-armed against potential shocks, Fitch Ratings...
THE PHILIPPINE banking system continued to expand during the second quarter as lenders opened more branches across the country with a focus on the provinces, data from the Bangko Sentral ng Pilipinas (BSP) showed. The local banking sector widened...
THE PHILIPPINE banking system is expected to remain strong over the near term, BMI Research said in a recent report, with mergers to remain a likely trend as big banks absorb smaller lenders in order to beef up their presence as they brace for the...
Bank-check issuers will have to get new checkbooks with new and larger check designs as the local system transitions its clearing process to electronic, the central bank said. In a press briefing on Monday, the Bangko Sentral ng Pilipinas (BSP)...
| BAP Spot USD/PHP | Today | Previous |
|---|---|---|
| Date | June 03, 2026 | June 02, 2026 |
| Open Time | 09:00:16 | 09:00:15 |
| Open | 61.68 | 61.74 |
| High | 61.75 | 61.75 |
| Low | 61.655 | 61.65 |
| Close | 61.745 | 61.675 |
| BAP AM Weighted Average | 61.702 | 61.745 |
| AM Volume | 620.43 | 674.5 |
| BAP PM Weighted Average | 61.737 | 61.691 |
| PM Volume | 1265.005 | 624.65 |
| BAP Weighted Average | 61.726 | 61.719 |
| Total Volume | 1885.43 | 1299.15 |
| FX Settlement Rate | 61.702 | 61.745 |
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.
