Wealth Radio

Welcome to Wealth Radio, growing wealth made easy. Listen to the month's market highlights through Wealth Watchers, where we break down the main events that transpired and their implications on your investments. Understand complex investment jargon through the Investment Jargon Buster series. Questions? Send us an email at bpiwealth@bpi.com.ph.

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Wealth Radio

Wealth Watchers: June 2022

July 15, 2022 • BPI Asset Management and Trust Corporation

In the month of June, the Philippine peso breached the 55-to-a-dollar mark at an intraday weakest of Php 55.15 against the dollar. The last time the peso traded at this level was more than 16 years ago. The peso's plunge is raising alarm bells that the local currency may be sliding too fast, making it the worst performer in the ASEAN region.

Meanwhile, consumers are bearing the brunt of the peso's slide. For one, the Philippines is heavily dependent on the world market for its oil, and a weak currency can make oil imports more expensive.

Tune in as our Credit Officer Francine Ferrer discusses the global and local market movements contributing to the peso's depreciation, and how these factors impact our investments.

Questions? Send us an e-mail at bpi_asset_management@bpi.com.ph.

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