The ₱60 to $1 Reality: The Pros, Cons, and What It Means for the Filipino Crypto Holder
A weakening peso boosts dollar earners and stablecoin holders but raises inflation and makes crypto investing more expensive.
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Philippine Peso Nears P60 Per Dollar Amid US-Iran Conflict; Central Bank Intervenes
The Philippine peso slid toward the crucial P60-per-dollar level as the US-Iran conflict pushed oil above $100 a barrel and forced the BSP to step into the market.
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Medalla: ‘Worst is Over’ as PHP Rallies Back to 54.8, Strongest Since June 2022
With this good sign, the Monetary Board can finally focus on inflation targeting rather than foreign exchange rate management, Medalla said.
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BSP – Not End of the World if Peso Hits 61 to a Dollar
In a report from Reuters, Medalla said it will not be “the end of the world” if the Philippine Peso hits 61 versus the dollar.
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BSP: Buy Dollars from Legit Sources
The BSP advises the companies in the industry to purchase dollar requirements from legit sources only.
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Salceda Sees Peso Could Depreciate to 68 Pesos to One Dollar
Salcedo gave a possible economic solution which can be a mix of policy and program intervention. He suggested that the government needs to encourage the “Big 4” in service Dollar earners.
