THE Philippine peso weakened to an all-time low of P59.17 against the US dollar on Wednesday, weighed down by local governance issues and strong global demand for the greenback. The peso lost 18.5 ...
The Philippine central bank is letting market forces set the dollar-peso exchange rate, saying that strong remittances and economic growth will support the local currency which hit a record low on ...
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How Filipinos are affected by the peso-dollar exchange rate
The peso’s movement against the US dollar is quite a complex narrative, and not just a simple strong-versus-weak story.
Inquirer Business on MSN
Peso hits record-low 59.20:$1; BSP to let market forces set rate
The peso slid to 59.20 against the US dollar, its lowest intra-day level in history, due to concerns on the country’s growth prospects amid the ongoing crackdown on anomalies in government ...
The Bankers Association of the Philippines (BAP) and Bloomberg today announced several initiatives to further the growth of the foreign exchange (FX) market in the Philippines. The BAP has appointed ...
That is, the peso is too strong relative to other currencies. This means that our exports are less price-competitive in the global market, and imports are cheaper and easier to come in. Yes, even at ...
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