The Philippine peso is expected to remain weak in the next three to six months, Fitch Solutions said.

“We at Fitch Solutions forecast the Philippine peso to remain on a weak footing over the short term as volatility picks up but fundamentals prove supportive. As such, we have revised our exchange rate forecast for 2021 to an average P48.40 per US dollar (USD), from P47.50/USD prior,” said Fitch Solutions in a report on Monday.