Peso Sinks Past 61 vs $1, a New Record Low

Peso hits record low 61.56 per dollar

The peso’s depreciation extended for second straight session yesterday, closing at another record low as persistent external pressures continued to weigh on the local currency.

Peso hits new low a day after breaching P61-to-dollar level

The Philippine peso continued to weaken against the US dollar, falling to a new low of P61.567 at the end of Wednesday’s trading.

Peso falls to new record low vs. dollar at P61.62:$1 on intraday trading

The Philippine peso touched another historic low against the greenback during the intraday trading on Wednesday, on continued hedging activities by importers which require more US dollars.

Peso sinks past 61 vs $1, a new record low

MANILA, Philippines — The Philippine peso fell to a fresh record low on Tuesday, breaching the 61-per-dollar level for the first time as a broadly stronger US dollar weighed on Asian currencies during a packed week of central bank meetings, including a Federal Reserve decision clouded by uncertainty over the Middle East conflict. The local […]...Keep on reading: Peso sinks past 61 vs $1, a new record low

Philippine peso sinks to new record-low of P61 vs US dollar

MANILA, Philippines – The Philippine peso dropped to the P61-level versus the United States dollar on Tuesday, April 28, a new record low amid global uncertainties brought by the ongoing conflict in the Middle East. Data from the Bankers Association of the Philippines showed the peso finished at P61.30 to the dollar after opening Tuesday trade at P60.8 versus the greenback. The local currency gained against the US dollar in February prior to the…

Stocks sink to five-month low as peso hits new record low

Local stocks retreated to their lowest level in five months as the peso’s plunge to a fresh record fueled anxiety that persistent inflationary pressures will force borrowing costs to stay higher for longer.The Philippine Stock Exchange index (PSEi) declined 34.36 points, or 0.58 percent, to close at 5,866.79. The drop was the fifth consecutive day of losses for the equity gauge, which is increasingly sensitive to the currency’s volatility amid a…