Peso seen at 50-53 vs $1 in next 4 years | ABS-CBN
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Peso seen at 50-53 vs $1 in next 4 years
Peso seen at 50-53 vs $1 in next 4 years
Reuters
Published Apr 24, 2018 04:01 PM PHT
MANILA - The Philippines said on Tuesday it expects the peso-dollar rate to average 50 at 53 in the next 4 years, weaker than previously forecast.
MANILA - The Philippines said on Tuesday it expects the peso-dollar rate to average 50 at 53 in the next 4 years, weaker than previously forecast.
The revised projection, which was released after a review of the government's medium-term and fiscal targets by the cabinet-level Development Budget Coordination Committee (DBCC), compares with an estimate of 49 to 52 pesos to the dollar in December.
The revised projection, which was released after a review of the government's medium-term and fiscal targets by the cabinet-level Development Budget Coordination Committee (DBCC), compares with an estimate of 49 to 52 pesos to the dollar in December.
The country's economic managers kept other medium-term and fiscal targets unchanged, including GDP growth and inflation rates.
The country's economic managers kept other medium-term and fiscal targets unchanged, including GDP growth and inflation rates.
The peso has fallen more than 4 percent against the dollar so far this year, making it Asia's worst-performing currency.
The peso has fallen more than 4 percent against the dollar so far this year, making it Asia's worst-performing currency.
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