MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – We all know the peso remains weak compared to the U.S. dollar. The exchange rate has been hovering over the P49 to P50 range to the dollar. Great if you have dollars. Not so if you have pesos.
But here’s good news for those intending to exchange their U.S. dollars for Philippine pesos.
Rappler — yes the same Rappler that brings you ‘legitimate’ news — is offering a highest exchange rate of record: P55 to the dollar!
How is this possible?
Rappler is registered with the Philippines Securities and Exchange Commission under the classification of “Other Monetary Intermediator” which means that it can engage in all sorts of financial business, including foreign exchange.
All the more you should support and follow Rappler so that you can get the most for your bucks!
For the latest information about the Rappler foreign exchange rate, please email CEO Maria Ressa or star Rapplerette Pia Ranada.