Peso on falling trend vs. dollar | The Exchange

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The peso has been on a falling trend against the dollar and there’s no telling how much more will the local currency depreciate to record lows. The weak peso has a knock-on effect on consumer prices in supermarkets, gas stations or credit card and loan payments.

Can overseas Filipino workers, freelancers, and those earning in dollars take consolation in the strong greenback? Or do they face uncertainties as well in a global economy that is weakening further than expected? One thing is for sure: we now have to pay more for what we import such as oil, rice, pork, and other food products that are short in supply.

How can businesses pivot to cheaper produce when costs keep rising for imported products? The vision of self-sufficiency in our C-Suite Vision.

Your business is our business. Join our senior anchor Rico Hizon on The Exchange.