100 dollar to php peso11/20/2023 ![]() ![]() ![]() Some are not happy because even if the exchange rate increases, so will the price increase. Meanwhile, some Overseas Filipino Workers (OFWs) have taken advantage of the situation and started exchanging their dollars.Īccording to the report, one hundred dollars is now equal to P5,850 which used to be P5,100 when the value was just 51 pesos to a dollar. If one takes a global view, the currency is actually quite stable," BSP Governor Felipe Medalla said during a news conference with the country's economic managers in New York.Īccording to data by analyzed by GMA News research, it appeared that the currency of all countries in the Association of Southeast Asian Nations (ASEAN) weakened against the dollar. "The Philippine currency is actually in middle of the pack. The Bangko Sentral ng Pilipinas (BSP) assured that the peso is still stable. This is still bound to be quite a ride," Salceda, an economist, said on Friday. ![]() needs to achieve 5% disinflation that it achieved in the early 1980's, and that took 6,500 basis points in interest rate hikes. To return to stable core inflation, the U.S. Albay Representative Joey Salceda said the value of the Philippine peso could further sink in the coming days to P65-68 as against the United States dollar.Īccording to Sandra Aguinaldo's report on "State of the Nation," record lows were achieved in four straight days in the peso exchange rate against the dollar, which closed today at 58.50 per dollar. ![]()
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