FX.co ★ Philippines’ FX Reserves Edge Higher to $112.5 Billion in January 2026

The Philippines’ foreign exchange reserves rose in January 2026, reaching USD 112.50 billion, up from USD 110.90 billion recorded in December 2025. The latest data, updated on 06 February 2026, indicate a continued strengthening of the country’s external buffer at the start of the year.

The increase in FX reserves suggests the Philippines has enhanced capacity to meet external obligations and cushion the economy against global financial volatility. The January 2026 level marks a modest but notable gain month-on-month, reinforcing the country’s position in terms of foreign currency liquidity and external stability.