BDO Chief Strategist Jonathan L. Ravelas was named the #1 exchange rate forecaster in the Philippines by FocusEconomics Consensus Forecast. Ravelas is the First Vice President and Chief Market Strategist of BDO Unibank, Inc. FocusEconomics is a leading provider of economic analysis and forecast for 130 countries and 30 commodities.
Ravelas was selected based on the accuracy of his monthly economic forecasts in 2018 during the 2019 Analyst Forecast Awards.In 2016, The BDO Chief Strategist was first included by FocusEconomics among the world’s “most accurate forecasters” and was accorded the recognition as the top forecaster in the Current Account category in the Philippines. Current account is a crucial indicator of an economy’s condition that is influenced by key factors such as trade policies, foreign exchange rate, and inflation rate, among others.
Ravelas has been BDO Chief Market Strategist since 2002. Over 17 years, he has contributed his insight and deep understanding of the local and global market to provide the bank’s clients with timely and relevant forecasts to help them with their financial decisions and goals.
The Analyst Forecast Awards are yearly awards that recognize the analysts whose forecasts for the period are the most accurate. Apart from Current Account, other categories include Gross Domestic Product, fiscal balance, inflation, interest rate, and exchange rate.
Having worked as a researcher in the forex market in the mid-1990s, I am aware of how critical these forecasts are when it comes to planning and implementation. They are key to the success when it comes to trading. Doing research, I look into tons of reports and forecasts which forms part of recommendations for clients. The accuracy of such forecasts is very important.
With BDO Chief Strategist getting this recognition by recognized provider of such information, it means BDO Unibank clients’ prospects of achieving their financial goals is on the the right path for as long as the strategy and implementation is solid.