FX.co ★ Philippines’ FX Reserves Edge Down to $97.35B in October 2026

The Philippines’ foreign exchange reserves declined in October 2026, slipping to USD 97.35 billion from the previous level of USD 99.49 billion recorded in the same month. The latest figures, updated on 09 November 2026, indicate a modest reduction in the country’s external buffer.

Although still substantial, the drop in reserves may reflect changes in external payments, valuation effects, or foreign exchange operations over the period. The October reading suggests a slight narrowing of the country’s cushion against external shocks compared with the earlier reported level for that month. Market participants are likely to watch upcoming data closely to gauge whether this decline marks a temporary adjustment or the beginning of a broader trend in the Philippines’ reserve position.