MANILA: The Philippine peso, which lagged its peers in Asia this quarter, may get a boost in December with millions of Filipinos abroad set to send record amounts of money home to help families suffering from the pandemic and the recent typhoons.
December is a seasonally strong month for the peso, with the currency gaining in the period in five of the past six years. It is also the month when remittances, which totalled more than US$30bil in 2019, reached their highest levels for the year since 2009.
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