Reported 14 days ago
The Philippine peso is expected to recover from its recent decline as a surge in overseas remittances typically boosts the currency during the Christmas season. Historical data shows that December sees the highest inflows of remittances, which have helped elevate the peso in six of the last seven years. Analysts predict a rise of over 5% by year-end, supported by lower oil prices and a manageable inflation rate in the Philippines. However, concerns over the strength of the US dollar and potential effects on remittances due to the new US administration's policies remain.
Source: YAHOO