THE **Philippine peso **closed at its weakest in nearly three months on the back of geopolitical uncertainties such as the Israel-Iran conflict, according to analysts.

Data from the Bankers Association of the Philippines (BAP) showed that the peso closed at P57.45 to the US dollar on Thursday. This is the weakest since the P57.69 to the greenback close on March 26, 2025.

University of Asia and the Pacific economist Victor A. Abola told BusinessMirror that it’s possible that the peso would stay weak because of “geopolitical uncertainties.”

“The peso had appreciated strongly in H1 [first semester] as the US weakened, but [it] has in recent days recovered. I think the depreciation mode will stay since the ‘geopolitical uncertainties’ would have less effect on Philippine inflation, despite the recent spike in crude oil prices,” Abola said.

(Business Mirror)