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Currencies
Rates Outlook: Global currency trends to drive USD/PHP exchange rate
Over the holiday period, global market dynamics continued to sway the peso against the dollar.
January 7, 2025
By Metrobank
By Metrobank
(Editor’s Note: This outlook is subject to updates.)
Earl Andrew “EA” Aguirre, Investment Counselor Department Head, Financial Markets Sector, Metrobank, talks about the resilience of the dollar-peso exchange rate during the year-end period, starting at 58.7, dropping to 57.845 at 2024’s close, and climbing back to 58.2 in early 2025, with traders anticipating continued movement within the 58.1-58.3 range due to global currency trends and limited local market catalysts.