Peso weakens to P54 vs $1. Is this a win for OFW families?

Philippine peso zooms to P48 vs dollar, strongest in almost 4 years

SOLVED: The current foreign exchange rate is USD 1 = Php 45. Assumingthat the probability that the rate will be 1 USD = Php 40 is 0.7,and the probability that it will be USD 1= Php 46 is 0.2, theprobability that it will remain the same is 0.1. What is theexpected foreign exchange rate rate? (Average)

PHP TO USD EXCHANGE RATE HISTORY

Today I Learned: The Philippine Peso is One of the World’s Most Counterfeited Currencies

US Dollar Peso Exchange Rate (USD MXN) - Historical Chart