MANILA, Philippines- Tumaas ang halaga ng Philippine peso kontra US dollar nitong Biyernes, sa pagbalik sa P58:$1 level matapos sumampa sa P59:$1 barrier isang araw bago ito, na katulad ng record-low na huling naitala noong Nobyembre 26.
Pumalo ang halaga ng local currency sa P58.81:$1 mula sa P59:$1 noong Huwebes.
Sa isang komentaryo, sinbi ni Rizal Commercial Banking Corp. chief economist Michael Ricafort na kabilang sa mga salik sa appreciation ng piso ay ang seasonal increase sa OFW remittances at sa conversion sa piso para sa holiday-spending.
“Favorable for OFWs, exporters, foreign tourists, foreign investors, and others that own or earn in US dollars and other foreign currencies to convert to pesos still relatively near the 59.00 record high, since they will get more peso proceeds, but offset by higher importation costs that could lead to some pick up in overall inflation since the Philippines is a net importing country,” pahayag ni Ricafort.
“Going forward, the performance of the US dollar/peso exchange rate would still be partly a function of intervention/defense as consistently seen for more than two years already…amid the need to better manage inflation and inflation expectations to fulfill the price stability mandate that would also require stability in the peso exchange rate, which affects import prices/costs and overall inflation,” dagdag niya.
Mula pagpasok ng 2024, natapyasan ang piso ng P3.50 sa halaga nito kontra US dollar. RNT/SA
