In the month of June, the Philippine peso breached the 55-to-a-dollar mark at an intraday weakest of Php 55.15 against the dollar. The last time the peso traded at this level was more than 16 years ago. The peso's plunge is raising alarm bells that the local currency may be sliding too fast, making it the worst performer in the ASEAN region. ​​

Meanwhile, consumers are bearing the brunt of the peso's slide. For one, the Philippines is heavily dependent on the world market for its oil, and a weak currency can make oil imports more expensive.​

Tune in as our Credit Officer Francine Ferrer discusses the global and local market movements contributing to the peso's depreciation, and how these factors impact our investments.​
Questions? Send us an e-mail at [email protected].

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