In the recent 10 days, the Philippine Peso appreciates noticeably, it seems not sensible to attribute the dramatic appreciation to the improvement in economy of the country or the remittance of the OFW.
What are reasons behind?
Appreciation of Philippine Peso?
2011-07-22 3:19 am
回答 (2)
2011-07-23 2:00 am
✔ 最佳答案
The Philippines Peso has been moving in the range of 45.11-47.68 Pesos a dollar between 2007-210.It was not different from the other currencies in ASEAN,except Vietnam which has depreciated its currency many times.The growth rate of 7.3% has made the Philippines a superstar of Asia.And the lowest budget deficits have shown that it has a sound policy. In the past decades, the Philippines has problems with corrupted politicians.But the new government has made it a good governance which has led the country along with other surrounding countries such as Malaysia,Singapore and Indonesia.
2011-07-23 1:01 pm
Seriously, I think the Philippines has been overlooked by most investors. For me, at the current situation of the economy, the country's credit rating is undervalued.
收錄日期: 2021-05-01 13:45:25
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https://hk.answers.yahoo.com/question/index?qid=20110721191946AAyz7Pi