(Bloomberg) -- The Philippine peso rose to a six-year high, the biggest fluctuation of any currency today, on speculation Filipinos working overseas are sending more money home this month to pay education fees. Government bonds fell.
Remittances have exceeded $1 billion for 10 months, helping support the currency as the funds are converted out of dollars into pesos. A ``relatively peaceful'' election to select members to the Senate and Congress also helped support sentiment, said Roland Avante, treasurer at Chinatrust (Philippines) Commercial Bank in Manila.
Read more at Bloomberg Currencies News
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