1. Amid a regional economic crisis, the Philippine peso has lost one-third of its value. 2. As the peso lost value, and tesobono holders demanded to be paid in dollars, Mexico faced a liquidity problem. 3. As the peso lost ground and U.S. rates rose, domestic interest rates also rose. 4. But the peso has lost more than half its value in the last year, and the decline has sent the economy into a tailspin. 5. In December Mexico devalued, then floated, the peso, and in the last three months, the peso has lost roughly half its international exchange value. 6. In less than two years, the peso has lost nearly half its value. 7. Q - What if the peso loses value over that time? 8. The peso had lost half its value. 9. The peso has lost almost a third of its value against the dollar since the central bank abandoned the staunch defense of the currency in July. 10. The peso lost ground against the dollar. |