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Peso hits new record low at P64:$1 in intraday trading
🇵🇭 Philippines · Economy · Manila, National Capital Region · 2 h ago
0 / 5 / 8
mentions in 1 / 6 / 24 h
5×
pace of the last 6 h vs the previous 18
26.10 09:21 UTC
first publication
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MANILA, Philippines — The Philippine peso closed at an all-time low of P63.95 against the US dollar on Monday. The peso weakened by 33 and a half centavos to P63.95 from the previous record low of P63.615:$1. This marks the fifth consecutive trading day that the peso has hit a record low. It opened
“Notably, the peso has continued to test record lows despite the BSP’s rate hikes in August and October, suggesting that higher interest rates alone may not be enough to support the currency.
Peso hits new record low at P64:$1 in intraday trading
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