Peso among the least volatile in Asia – DOF

Despite hitting its weakest level in eight, or even 10, years against the dollar this month, the Philippine peso was among the less volatile currencies in Asia, the Department of Finance said, citing data from its latest study.

In a statement over the weekend, Finance Undersecretary and Chief Economist Gil Beltran said the peso has moved generally in line with other Asian currencies—the local unit depreciated by 3.27 percent from November 1 to 24, just slightly more than the average depreciation of 3.26 percent for Asian currencies during the period.