Rates Outlook: USD/PHP may remain elevated until Q2 and Q3
The peso may continue to trade range-bound between 58.40 to 58.70 against the dollar. We expect the central bank to intervene heavily when it reaches 59.
![](https://wealthinsights.metrobank.com.ph/app/uploads/2024/06/flags.jpeg)
(Editor’s Note: This outlook is subject to updates as needed.)
EA Aguirre, Investment Counselor Department Head, Financial Markets Sector, Metrobank, talks about the movements of the dollar-peso exchange rate in May and what we can expect in the coming months.