![Peso set_1211](https://firstmetro.com.ph/wp-content/uploads/2023/12/Peso-set_1211.jpg)
- The Philippine peso has outperformed its Asian peers this year and a seasonal pick-up in overseas remittances ahead of Christmas will likely extend the gains.
- The Philippines was the world’s fourth-largest recipient of remittances in 2022. Inflows during January-September rose 2.8% from a year ago to $24.5 billion and figures for October are due Friday.