Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PhilippinesPhilippines Foreign Exchange Reserves fell to 107.5B in March 2026
FMPMonthlyReleased April 2026
Philippines Foreign Exchange Reserves fell to 107.5B in March 2026, released April 2026, down 5.8B from February's 113.3B reading. The reading matched expectations. Year-over-year, the indicator is up 1.3B. Over the past 3 months, Foreign Exchange Reserves averaged 110.58B, vs 111B in the prior 3-month window. Foreign Exchange Reserves is now the lowest in 6 months.
Latest Release
107.5
Actual
106
Consensus
113.3
Previous
Median Absolute Error
±1.27 billion
across last 12 releases
Last Call
Oct 2025
Predicted: 106.92
Actual: 108.8
Error: -1.88
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.67 | COMMODITIES | Bullish XAU | → View |
| USD/PHP | ▼ Inverse | −0.34 | FOREX | Bearish USD | → 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 104.00 billion in June 2026. The reading fell from the previous value of 104.30 billion. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 108.28 billion, ranging from 104.00 billion to 112.70 billion across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 109.73 billion, down from the prior three at 110.27 billion. Volatility over the past year (σ 3.12 billion) is higher than the prior year (σ 2.72 billion). In June readings over the past 3 years, Foreign Exchange Reserves has averaged 104.66 billion.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with USD/PHP, negatively correlated (Bearish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 1.27 billion.
WHAT TO WATCH NEXT
The next release is scheduled for July 7, 2026. Same-country events in the next 14 days include Interest Rate Decision (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
SHARE
Foreign Exchange Reserves - PH
Loading chart data...
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 (May 2026): actual 104 M. Prior reading (Apr 2026): 104.1 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 bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.67) — a useful reference for commodities-focused traders.