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News » BPO revenues boost PH peso

BPO revenues boost PH peso

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Outsource Accelerator

Posted on May 7, 2021 1 min read
BPO revenues boost PH peso
BPO revenues boost PH peso

The recent MUFG Global Research revealed that cash remittances from Business Process Outsourcing (BPO) revenues, together with the overseas workers’ sector, will support the peso as it remains resilient while the Philippines continues to fight COVID-19.

The peso closed at P48.025 versus the dollar on Wednesday, the peso’s strongest finish since February 15, when it closed at P47.93. MUFG then expects the peso to move within P46 to P49.75 versus the dollar for the second quarter.

Further, the research projects the Philippine peso to go up to P50 per dollar on Q3, and trade between P46.25 to P50.25 in Q4.

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Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

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Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

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About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

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