Published July 19, 2021, 7:00 AM
The local currency has remained one of the strongest among Asian countries despite the peso’s recent depreciation against the US dollar, the Department of Finance (DOF) said.
Finance Undersecretary and Chief Economist Gil S. Beltran said the peso depreciated by 1.05 percent against the dollar this year, but still one of the four strongest among 11 Asian currencies.
Finance Undersecretary Gil S. Beltran
Based on the DOF data, only China and Vietnam saw their respective currencies appreciating versus the greenback by 1.15 percent and 0.30 percent, respectively.
The peso, on the other hand, was behind’s Indian rupee which depreciated by only 0.72 percent.
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