Philippine Christmas Remittances Boost Peso

The video discusses the impact of remittances on the Philippine peso during the holiday season. Filipino workers worldwide send money home, boosting the peso's value. The Central Bank allows this rise to help control inflation. With $19.9 billion remitted in ten months, the peso strengthens against the dollar. The Central Bank's non-intervention strategy and potential Fed moves are also highlighted, suggesting a stable growth outlook for the peso.

What is one reason the Philippine peso gets a boost during the holiday season?

• Government subsidies

• Higher exports

• Remittances from overseas workers

• Increased tourism

How much money was sent back to the Philippines in the first ten months of the year?

• $10.5 billion

• $15.3 billion

• $25.7 billion

• $19.9 billion

What has been the effect of the remittances on the Philippine peso?

• It has caused inflation

• It has had no effect

• It has strengthened the peso

• It has weakened the peso

What is the Philippine Central Bank's approach to the rising peso?

• Intervening to weaken it

• Allowing it to rise

• Pegging it to the dollar

• Ignoring it

What could potentially disrupt the stable growth of the peso?

• A decrease in remittances

• Central Bank intervention

• All of the above

• Fed moves affecting regional currencies