Wednesday 14 November
Powered by Ajaxy
Jun 15, 2018 @ 13:50

Uh-oh! Peso ends fresh 12-year low at P53.27:$1


The currency is sustaining its slump.

The peso ended the shortened week at P53.27 versus the US dollar, marking another 12-year low.

The local currency already breached the P53 level on Wednesday, June 13 but proceeded to weaken further the following day. It even touched P53.37 to the greenback before settling 10 centavos down by market close.

This means that foreign travelers will have to shell out more due to currency losses.

Please follow and like us:

Tags: , , , , , , ,

Related Stories
Bilyonaryo John Gokongwei’s airline unit Cebu Air Inc. swung to a net loss of P518.4
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


Trending News

Recommended on sister sites

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