(Bloomberg) -- The Philippine peso had a fourth
quarterly gain on speculation workers abroad sent back more
remittances and overseas funds bought the nation's stocks.
The peso was the second-best performer of 10 of the most-
traded Asia currencies this quarter as the Philippine Stock
Exchange Index reached a record high. Money sent home by
Filipinos working abroad exceeded $1 billion for a 12th month in
April. The figures are issued with a lag and may rise in May and
June as funds are remitted for the start of the school year.
Read more at Bloomberg Currencies News
quarterly gain on speculation workers abroad sent back more
remittances and overseas funds bought the nation's stocks.
The peso was the second-best performer of 10 of the most-
traded Asia currencies this quarter as the Philippine Stock
Exchange Index reached a record high. Money sent home by
Filipinos working abroad exceeded $1 billion for a 12th month in
April. The figures are issued with a lag and may rise in May and
June as funds are remitted for the start of the school year.
Read more at Bloomberg Currencies News
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