A combination of developments here and abroad amid the Covid-19 pandemic has strengthened the Philippine peso, which analysts say is great news for importers.

Rizal Commercial Banking Corp. (RCBC) chief economist Michael Ricafort said the currency had appreciated by a total of P2.10 or 4.2 percent against the dollar since the start of the year.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details