Posts tagged #fx (1)
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The Philippine Central Bank Hiked Rates, and the Peso Hit a Record Low the Same Day (Oct 22)
On October 22, the day the BSP (the Philippine central bank) raised rates by 0.5 points, the peso hit a record low of 63.52 to the dollar while the yen climbed to ₱4,044 per ¥10,000. What it means for currency exchange and prices when you earn in yen and live in pesos.
