The exchange rate for the Philippine peso to the U.S. dollar dropped to it’s lowest in 12 years. On Monday, June 10th, 2018 the peso-dollar-exchange-rate was 52.95 to 1 U.S. dollar.
Philippine news agencies were full of news regarding this new exchange rate as it had not been seen in over a decade.
For most of 2018, the Philippine peso had been stronger than the US dollar. Why is Philippines peso weakening now?
Economists suggest that it could have something to do with the Philippines trade deficit, the recent G-& Summit, or the pending Summit between Donald Trump and Kim Jung Un of North Korea.
At any rate now is the time to transfer money to the Philippines to lock in on the excellent exchange rate.
My personal Philippine peso prediction is that ill go as high as 55 and then drop to between 48 to 50 by the end of 2018.
PHILIPPINE PESO FALLS TO 12 YEAR LOW TO THE DOLLAR
The question of the day. What is the lowest you’ve seen the Philippine peso to dollar rate? I would like to know your thoughts and it could help someone as well. Put them in the comments section of this video. And remember to like share and subscribe.
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