The Peso has entered the P44 band yesterday closing at P44.85 to a US Dollar.
I dread the coming months for our OFW families, exporters and inbound tourism industry players.
The French banking giant BNP Paribas forecasts the Peso to end the year at P43. It moreover sees the Peso catching up with the surging Thai Baht and go as much as P37 by next year and P30 by the end of 2009.
Oh well, I believe this is too optimistic. Remember the other end when Lucio Tan predicted that the Peso will exchange at P100?