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Antonyms that are in the dictionary are marked in green. Antonyms that are not in the dictionary are marked in red.
And even the peso has strengthened against the US dollar, from near the P60 level to below P54 as the economic activities came back in full force after being whipsawed as a result of Covid-19.
Source: https://businessmirror.com.ph/2023/02/06/robust-philippine-economy-projected/
And so any improvement that we had due to inflation has been really offset by the strength of the peso.
Argentina devalues peso to respond to economic ’emergency’siliconvalley.
Bullish bets on South Korean won, Taiwanese dollar, and Philippine peso were at their highest since Feb. 9, while long positions on the Singapore dollar and Indonesian rupiah stood at a four month high, the fortnightly survey of 12 respondents showed.
But rising resort prices and a strong Mexican peso mean costs have jumped by 80 per cent in Cancun.
In a statement, the BSP said higher prices of fuel, electricity, and key agricultural commodities, as well as the peso depreciation were the primary sources of upward price pressures in September.
Source: https://business.inquirer.net/423811/sept-prices-expected-to-have-risen-faster
I think there was a time, a very short period, when the peso depreciated by 14 percent.
Source: https://businessmirror.com.ph/2023/02/17/monetary-board-deals-50-bps-rate-hike-more-in-future/
Latin American currencies (Colombian peso, Brazilian real, and Mexican peso) led the charge, and accounted for three of the top four performing emerging market currencies last month, joined by the South African rand.
Latin American currencies (Colombian peso, Brazilian real, and Mexican peso) led the charge, and accounted for three of the top four performing emerging market currencies last month, joined by the South African rand.
Many voters are fed up with a political elite that reigns over 113% inflation, a collapsed peso, and mass poverty.
Source: https://www.csmonitor.com/Commentary/the-monitors-view/2023/0823/Argentina-reinvents-itself?icid=rss
Operators were watching nervously Monday as the value of the peso also decreased in the parallel, or blue, market, dropping 12% by early afternoon.
People snapped up goods in anticipation of a possible currency devaluation, recalling that the government devalued the peso by nearly 20 per cent the day after the August primaries.
Source: https://www.cbc.ca/news/world/argentina-election-1.7004856?cmp=rss
The article says, “Inflation is at 138%, net reserves of foreign currency are in the red, savers are ditching the peso, and a recession is looming.”
Source: http://www.srilankaguardian.org/2023/12/hard-time-for-short-time.html
The depreciation of the peso will accelerate already red-hot inflation that was at an annual rate of 124% in August.
The dollar reached a seven-month high against the peso in early October a little below MXN18.
Source: https://seekingalpha.com/article/4644800-november-2023-monthly?source=feed_all_articles
The last time the BSP fired off an off-cycle rate increase was on July 14, 2022, when the depreciation of the peso to record-lows forced monetary authorities to deliver a jumbo 75-bp hike.
Source: https://business.inquirer.net/428824/bsp-delivers-off-cycle-rate-hike-as-price-pressures-build-up
“The peso has strengthened as never before,” López Obrador recently told reporters.
The Philippine peso ended trading in November at 56.56:$1, strengthening from 57.97:$1 at the end of October.
Source: https://business.inquirer.net/382563/filipino-workers-sent-home-fewer-dollars-in-november
The Philippine peso, in effect, has appreciated, hitting its six-month high this week.
Source: https://business.inquirer.net/381870/investors-told-to-do-value-hunting-as-psei-expected-to-hit-7500
The presidential candidate has called for ditching the peso in favor of the dollar to rein in inflation.