Sunday 21 October
Powered by Ajaxy
Jun 13, 2018 @ 17:54

Peso breaches P53 to $1

 

The currency dropped to another low.

The peso weakened anew to pierce P53 versus the US dollar on Wednesday, June 13. The peso depreciated from P52.95 to $1 on Monday and opened at P53 flat.

The currency went on with the depreciation trend within the day to log a new low in nearly 12 years.

Overseas Filipino workers and exporters will be happy, but not importers and those eyeing foreign travels or purchases from abroad.

Please follow and like us:

Tags: , ,

Related Stories
Things aren't lining up for the currency's recovery.
Indonesia's rupiah currency dropped Wednesday to its lowest level since the 1998 Asian Financial Crisis
Hong Kong's de facto central bank said Thursday it had bought up more than US$2
The Indian rupee slumped to an all-time low against the US dollar on Thursday as


 

Trending News

Recommended on sister sites

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