Stronger peso projected in October

By Mayvelin U. Caraballo

Oct 05, 2021 1:18 pm

ANALYSTS forecast the Philippine peso will strengthen slightly in October after closing September at P51 to the US dollar.

As the year draws to a close, MUFG Bank Ltd. reiterated its view that the local currency will benefit from a seasonal increase in remittances from overseas Filipino workers (OFWs), notably in December, when it typically peaks due to the Christmas holidays.

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