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OFWs reeling from peso appreciation
The Freeman
|June 02, 2025
Overseas Filipino workers (OFWs) are reeling from spiraling commodity prices back home and the continuing peso appreciation.
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Migration expert Manny Geslani said millions of Filipino workers abroad are bearing the brunt of peso appreciation against the US dollar.
“As the dollar depreciates, the value of their remittances decreases,” said Geslani, noting that an OFW family loses P1,760 pesos for every $500 sent by their loved one from abroad, thus affecting their monthly budget.
For the past months, Geslani said, the peso has gained strength with US President Donald Trump’s new policies rocking world trade and resulting in the slide of the US dollar against all foreign currencies.
Esta historia es de la edición June 02, 2025 de The Freeman.
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