President Rodrigo Duterte spoke to the people on the evening of March 12 and declared “public quarantine.” Internal air, land and sea access to 17 metro areas of Manila will be suspended from March 15 to April 14.
Quarantine in the Metro Manila was announced from March 15 to April 14. At the borders of 17 districts 56 control points have been established that will measure the temperature of passengers. A curfew has also been introduced from 8 pm to 5 am.
Many citizens left the Metro Manila and returned to their provinces, which may cause a surge in the disease in other regions of the country.
On March 13, against the background of information on the spread of coronavirus, the peso fell to 50.85 against the US dollar, but then won back its fall and on 16.03 the trading started at 51.21.
Of course, the situation was affected by the decline in oil prices. The fall in oil prices has a positive effect on the Philippines economy, which is a kind of compensation for the COVID-19 epidemic.
Now, the main guideline for forecasting the peso exchange rate will be an increase in the incidence of COVID-19 in the Philippines. If the government succeeds in stopping the growth of the epidemic, then the peso will retain its position.