Monday 18 June
Powered by Ajaxy
Oct 25, 2017 @ 17:48

Peso hits fresh 11-yr low at P51.77 to $1

 

Concerns in the United States provided a lift to the dollar at the expense of the local currency.

The peso slid to another 11-year-low on Wednesday, Oct. 25, as it closed at P51.77 versus the dollar. This has been the peso’s weakest point since ending at P51.87 to a dollar sometime in July 2006.

This is also the lowest point seen in 2017, beating the P51.53 finish on Oct. 19.

Bangko Sentral ng Pilipinas Governor Nestor Espenilla, Jr. said they expect the peso to move “up and down” during the day-to-day trading, but that the currency is expected to remain stable so far.

Tags: , , , , ,

Related Stories
The United States on Friday blacklisted an additional 14 companies tied to Israeli businessman Dan
The United States announced Wednesday that it will return to the Vatican a copy of
An update to Tesla's Autopilot software coming in August will enable "full self-driving features" for
China has offered to buy $70 billion worth of US goods if Washington drops plans


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.