Philippine Peso Rated Asia's Most Resilient Currency for 2017
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Philippine one thousand-peso banknotes.
Photographer: Julian Abram Wainwright/BloombergThis article is for subscribers only.
Asia’s worst-performing emerging-market currency in the past year is being tipped as the one likely to suffer least from the global slings and arrows of 2017.
The Philippine peso, which weakened 4.6 percent in the past 12 months, is forecast to be the most resilient to external risks this year, according to a Bloomberg survey of 10 foreign-exchange analysts. The Thai baht and Indian rupee together rank second, while China’s yuan is last.