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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PhilippinesPhilippines Foreign Exchange Reserves climbed to 104.8B in June 2026
FMPMonthlyReleased July 2026
Philippines Foreign Exchange Reserves climbed to 104.8B in June 2026, released July 2026, up 0.8B from May's 104B reading. The reading matched expectations. Over the past 3 months, Foreign Exchange Reserves averaged 104.07B, vs 110.07B in the prior 3-month window. The reading is in the 23rd percentile of the trailing 24-month range.
Latest Release
104.8
Actual
102
Consensus
104
Previous
Median Absolute Error
±1.64 billion
across last 12 releases
Last Call
Jul 2026
Predicted: 102
Actual: 104.8
Error: -2.8
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| Hang Seng | ▲ Direct | +0.83 | INDEX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.76 | INDEX | Moves with | → View |
| Nikkei 225 | ▲ Direct | +0.74 | INDEX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.66 | COMMODITIES | Moves with | → View |
| USD/PHP | ▼ Inverse | −0.31 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Foreign Exchange Reserves (Philippines) was reported at 104.80 billion in July 2026. This beat the market consensus of 102.00 billion by 2.80 billion. The reading rose from the previous value of 104.00 billion. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 108.23 billion, ranging from 104.00 billion to 112.70 billion across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 107.17 billion, down from the prior three at 111.50 billion. Volatility over the past year (σ 3.18 billion) is higher than the prior year (σ 2.68 billion). In July readings over the past 3 years, Foreign Exchange Reserves has averaged 104.93 billion.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with Hang Seng (Bullish Hang Seng). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 1.64 billion.
WHAT TO WATCH NEXT
The next release is scheduled for August 7, 2026. Same-country events in the next 14 days include Inflation Rate YoY (Aug 5) and Unemployment Rate (Aug 6).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Foreign Exchange Reserves - PH
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About Foreign Exchange Reserves — Philippines
DEFINITION
Foreign Exchange Reserves refer to the amount of foreign currency held by a country's central bank. These reserves are used to maintain stability in the country's currency and to fulfill international payment obligations. They serve as a measure of a country's economic strength and ability to withstand external shocks. Foreign Exchange Reserves are an important financial indicator for investors and policymakers, providing insight into a country's monetary policy and its ability to manage its currency.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 104.8 M, consensus 102 M. Prior reading (May 2026): 104 M. Before that (Apr 2026): 104.1 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with Hang Seng (Bullish Hang Seng, r=0.83) — a useful reference for index-focused traders.
Σ
EXPECTED ZONE
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Economic Calendar - PH Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 01:00 | PH | Balance of Trade | -4.939 | -6.103 | -4.4 | -4.67 | Low |
| 01:00 | PH | Producer Price Index YoY | 3 | 3.1 | 3 | 3.00 | Low |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:00 | PH | Business Confidence | 0 | -25.2 | -45 | -22.50 | Low |