21/05/2026
The peso risks sinking to an all-time low of ₱65 against the United States (US) dollar over the next three years if the government maintains its passive stance toward escalating global tensions. Jonathan Ravelas, senior adviser at Reyes Tacandong & Co., said during a Pandesal Forum on Wednesday, May 20, that the widening current account deficit and surging energy prices—both driven by geopolitical friction—are poised to exacerbate pressure on the local currency.
The peso remains highly vulnerable to global shocks, Ravelas said, noting that without decisive state intervention to mitigate these external spillovers, the currency is likely to sustain deep losses in the near term, having already been battered to historical lows recently.
Read the full article in the comments section below.