FX.co ★ Philippines’ FX Reserves Dip to $103.4 Billion in July 2026

The Philippines’ foreign exchange reserves slipped in July 2026, edging down to $103.40 billion from $104.80 billion in June, according to data updated on 7 August 2026. The latest figure marks a $1.40 billion decline over the month.

While still above the $100 billion threshold, the moderation in reserves may reflect changes in external financing conditions, foreign exchange market dynamics, or valuation effects. The development will be closely watched by market participants tracking the country’s external buffers and its capacity to manage potential volatility in the peso and external accounts.

The July 2026 reading follows several months in which the Philippines maintained sizable reserve levels, and investors will be attentive to subsequent data to gauge whether this latest move signals a short-term adjustment or the start of a more persistent trend in the country’s reserve position.