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Publication Detail
EID 2006 Vol. VI No.3: Exchange Rate

Today, the exchange rate is P52 = US$1. Yesterday, it was P51 = US$1. So what does this mean? What is exchange rate anyway? What does it show? Why is it important? And how is it determined? All these are explained in this short writeup of the Economic Issue of the Day.

Philippine Institute for Development Studies
Authors Keywords
Duenas-Caparas, Maria Teresa S.; depreciation; exchange rate; peso appreciation; peso fluctuation; foreign exchange;
Download PDF Number of Downloads
Published in 2006 and available in the PIDS Library or Downloaded 567 times since November 25, 2011
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