Peso may weaken further: Analysts warn of possible P60-P61 exchange by end 2025

It is time to demand genuine transparency and accountability. Those in power must not be above the law. If we truly want progress, we must dismantle the culture of corruption that continues to plague our institutions.

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Financial analysts are sounding the alarm: the Philippine peso may depreciate further, potentially breaching the P60-P61 mark against the US dollar by end 2025.

Analysts identify the key drivers of depreciation, to wit:

-Dollar Strength Elevated interest rates in the United States and persistent global uncertainty have led investors to favor the dollar over emerging market currencies, including the peso.

-Rising Public Debt The Philippine government continues to borrow heavily to finance infrastructure and social programs, contributing to fiscal pressure.

-Investor Sentiment Lingering concerns over governance and corruption have dampened investor confidence, further weakening the peso's position.

But there are economic silver linings. Despite currency headwinds, the Philippine economy is projected to grow by 6.2 percent in 2025-an improvement from this year's 5.6 percent growth forecast.