Author Topic: Economy can support peso at 41-43 to dollar levels  (Read 706 times)

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AdGeek

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Economy can support peso at 41-43 to dollar levels
« on: July 05, 2013, 06:10:25 PM »
Economy can support peso at 41-43 to dollar levels

Reuters
Posted at 07/05/2013 11:30 AM | Updated as of 07/05/2013 11:30 AM

MANILA - The Philippine economy's fundamentals can support an exchange rate of around P41-P43 per dollar, levels at which the country's growing business process outsourcing industry and its export sector can remain profitable, a senior government official said.

Economic planning Secretary Arsenio Balisacan also said in a forum with foreign journalists that an appreciation of the peso towards the P37-P38 per dollar level would hurt the country's competitiveness.

The peso a low of P44.14 last month, its weakest in one-and-a-half years, amid steep falls in emerging markets but has since rebounded to trade at P43.38 per dollar on Friday, firmer than its close on Thursday at P43.43.

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Economy can support peso at 41-43 to dollar levels
« on: July 05, 2013, 06:10:25 PM »

Mountain View

WorldPerksPH

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Re: Economy can support peso at 41-43 to dollar levels
« Reply #1 on: June 13, 2014, 11:55:06 AM »
If you compare it now, ang palitann ngayon is nasa 43-45 na.

Nalaman ba eto ng mga statisticians or mga analyst ng mga bangko na dadating sa point na ganito?

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Re: Economy can support peso at 41-43 to dollar levels
« Reply #1 on: June 13, 2014, 11:55:06 AM »

 

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