- March 4, 2022
- Posted by: Stratford Team
- Category: Economy
The Philippine peso dropped to the lowest level in two years, as the escalating war in Ukraine boosted the dollar.
The peso fell as much as 0.5% to 51.75 per dollar, the weakest since March 2020. The currency has declined more than 1% this year, making it one of the worst performers in Asia.