The depreciation of the peso against the US dollar is positive for the Philippines, especially to the booming and highly labor-intensive outsourcing sector. According to a member of the House economic affairs committee, Rep. Johnny Pimentel, as long as the peso’s decline is driven by market forces, it is generally favorable for the country. The peso closed Friday at 48.23 to the greenback. Like exporters, BPO firms in the country sell their services to overseas clients. They generate revenues in dollars, but spend for their operations here, including the wages of their employees, in pesos.
Join the world's premier outsourcing community
Get the world's leading outsourcing news summary, Inside Outsourcing, delivered to your inbox each week, for free. Plus, benefit from being a part of the fastest growing outsourcing community.
- Breaking news: daily web updates with outsourcing sector updates
- Newshub: Browse over 4,000 outsourcing industry news items
- Access: get outsourcing white papers, guides, articles, videos and podcast episodes
- BPO community: join our extensive outsourcing community
- Cancel anytime: zero obligation, no spam, just great information

Get 3 Free Quotes
- Free Independent quote
- 700+ leading suppliers
- Unrivalled expertise