Philippine Christmas Remittances Boost Peso

The video discusses the impact of remittances on the Philippine peso during the holiday season. Filipino workers worldwide send money home, boosting the peso's value. The Central Bank allows this rise to help control inflation. With $19.9 billion remitted in ten months, the peso strengthens against the dollar. The Central Bank's non-intervention strategy and potential Fed moves are also highlighted, suggesting a stable growth outlook for the peso.

What historical actions has the Philippines taken regarding its currency?

What is the expected trend for the peso this year according to the report?