Manila: The Philippine peso is on the upswing. The Asian currency appreciated 4.77 per cent against the greenback, from Php58.622 vs $1 on November 7, 2022, to Php55.826 on November 7, 2023.

The highest-ever U.S. dollar to Philippine peso exchange rate is fueling a surge in remittances from Filipino H-2B workers on Guam to their families back home and may also be ...