• The Bangko Sentral ng Pilipinas (BSP) has unleashed another $1.221 billion of foreign exchange (FX) liquidity in October via the FX swaps.
• This brings the total to $2.684 billion of FX released by the BSP in September and October using the forward leg of currency swaps, based on BSP data.
• For the month of October, the BSP long positions in forwards and futures amounted to $1.719 billion, of which $1.269 billion had residual maturity of up to one month. About $450 million of the total swaps had three months up to a year of maturity. The transacted swaps in October were lower compared to September of $2.94 billion.

https://mb.com.ph/2023/12/4/article-1502