Tuesday 16 January
Powered by Ajaxy
Aug 15, 2017 @ 21:13

Peso continues plunge on heavy selling


The Philippine peso weakened further to P51.34 to the dollar on Tuesday, down 26 centavos from P51.08 Monday.

This is the second lowest close of the peso since Aug. 25, 2006 when the local currency hit P51.38 to a dollar.

The local currency opened the day at P51.20 from Monday’s opening of P50.95.

The currency pair was traded between P51.13 and P51.35, bringing the average level for the day at P51.22 to a dollar.

Volume of trade surged to $659 million on Tuesday from previous day’s volume amounting to $291.5 million.


Tags: , ,

Related Stories
The peso actually finished stronger versus the dollar in 2017 despite some volatility.
Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. said domestic inflation path has
There needs to be more money inflows other than remittances and outsourcing revenues.
JG Summit Holdings Inc. saw a 16.5 percent decline in its consolidated net income for


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - bilyonaryo.com.ph.