Philippine Peso Volume to Gain on Economic Growth, FX Head Says
Trading volumes for the Philippine peso can grow as much as 10% in the coming years, according to the head of the nation's currency traders group.
'The foreign-exchange market will grow steadily,' Dominic Banal, president of ACI Philippines, an association of currency and derivatives traders, said in an interview last week. Volume in the spot dollar-peso market may increase 5% to 10% as growth in the economy raises demand for foreign exchange, he added.
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