errr... the strength of the peso isn't just dependent solely on OFW remittances.

if that is the case, then we would have reverted back to the old 25:1 exchange rate of the ramos years since we are now experiencing the highest OFW remittances ever.

take into considering also debt sevicing, corporate dollar demands, import & export businesses, dollar speculation/hoarding, BSP intervention, investor money inflow & outflow, t-bill auctions, etc.