Strong peso benefits importers

Strong peso benefits importers – analysts

Oct 12, 2020 12:57 am

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.

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