PISO NAKABAWI VS DOLYAR, BALIK SA P58:$1 LEVEL

NAKABAWI ang piso kontra dolyar nitong Biyernes, at bumalik sa P58:$1 level makaraang tumuntong sa P59:$1 barrier kamakalawa..

Ang local currency ay lumakas sa P58.81:$1 mula P59:$1 noong Huwebes.

Ang halaga ng piso ay nasa P58:$1 sa maraming bahagi ng December kung saan ang local unit ay nagsara sa P58.99:$1 noong Miyerkoles, December 18.

Ayon kay Rizal Commercial Banking Corp. chief economist Michael Ricafort, kabilang sa mga salik sa paglakas ng piso ang seasonal increase sa OFW remittances at ang conversion sa piso para sa holiday-spending.

“Favorable for OFWs, exporters, foreign tourists, foreign investors, and others that own or earn in US dollars and other foreign currencies to convert to pesos still relatively near the 59.00 record high, since they will get more peso proceeds, but offset by higher importation costs that could lead to some pick up in overall inflation since the Philippines is a net importing country,” sabi ni Ricafort.

“Going forward, the performance of the US dollar/peso exchange rate would still be partly a function of intervention/defense as consistently seen for more than two years already…amid the need to better manage inflation and inflation expectations to fulfill the price stability mandate that would also require stability in the peso exchange rate, which affects import prices/costs and overall inflation,” dagdag pa niya.