The peso is the currency of the Philippines. Known as the strongest currency in Southeast Asia, the currencies of many countries can be called pesos, such as Bolivia, Cuba, Guinea and the Philippines. Some scholars pointed out that the Philippine peso currency is moving towards the maximization of quarterly income. Because of the positive capital flow and the correct investment direction, there is still a lot of room for appreciation.

Which country's currency is peso?

According to the data, the Philippine peso has now appreciated by about 4.6%, surpassing most developing countries (except Bulgarian dollar) during this period. The expansion of international trade surplus, the increase of foreign exchange reserves and the unexpected rebound of remittances have promoted this rebound.

The peso has always been a pioneer in the currency rebound of emerging markets, but it has rebounded due to the influence of COVID-19 poison, the record stimulus measures of global central banks and the weakness of the US dollar. In addition, recent economic data also show that the worst impact of the epidemic may have passed.

"The peso's balance of payments has become more positive," said an emerging market strategist at Credit Agricole. The narrowing of the trade deficit has greatly increased the current account. Coupled with the flexibility of remittance, these factors make us think that the peso still has room for development. "