• The peso is expected to sustain its momentum and appreciate further to the 54 to $1 level this year after ending a two-year slump amid the expected rate cuts by the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP).
  • In its Asia FX Outlook 2024, ANZ Research said the peso may strengthen to 54.50 by the end of the year from the end-2023 level of 55.70 to $1.
  • ANZ Research said the local currency would likely face less headwinds from global financial market uncertainties this year.
  • It expects the peso to further strengthen to the 53.50 to $1 level by the end of 2025.