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19 gru 2022 · The Philippine peso has seen its value depreciate against the US dollar (USD) during the past months. After reaching a record-low of P56.77 to $1 on Sept. 2, the local currency hit several record-lows subsequently plunging to a historic low of P59 per US dollar during the week of Oct. 10 through 17.
30 wrz 2022 · The peso depreciation means more pesos exchanged for each dollar earned. That is why those who depend on remittances from abroad—such as those from Overseas Filipino Workers (OFWs) who earn money in foreign currencies— benefit when the peso depreciates since they would get more pesos for every dollar sent to them.
2 lut 2023 · MANILA, Philippines — The peso is likely to depreciate further for the third straight year in 2023, hitting the 57 to a dollar level anew, according to two global financial institutions.
4 paź 2022 · THE VALUE of the Philippine peso sharply weakened in the second quarter of 2022, dropping to an 18-year low of Php 56.37 to USD 1 in July. Throughout that period, the peso was the weakest in Southeast Asia, as the declining currency stoked public concern on the outlook of the Philippine economy.
12 paź 2022 · Winners and losers in peso depreciation. When the peso depreciates in value with respect to another currency like the US dollar, it takes more pesos to exchange against the dollar.
26 paź 2022 · Estimated reading time: 2 minutes and 23 seconds. In 2022, the value of the Philippine peso has significantly depreciated due to various factors including the high US Dollar value, rise in global oil prices, and possible further hikes in key rates of the Bangko Sentral ng Pilipinas.
2 lis 2022 · The Philippine peso’s drop is neutral for the nation’s credit rating if inflation is contained and foreign-exchange reserves remain ample, according to Fitch Ratings.
