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The Peso Was Asia’s Third Weakest Currency in 2017 But PH Gov’t Says It’s a Good Thing

Despite its slight depreciation, the peso’s stability was a sign of strong economic fundamentals, says DOF

The Philippine peso closed last year at Php49.85 per US dollar, 0.50 percent weaker than the previous year’s close of Php49.60.That kind of change doesn’t look like much but it stands out in Asia, where most currencies, on average, appreciated or got ...

by Entrepreneur Staff  | January 08, 2018 05:00:00
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