Peso recovers further
The peso is recovering. INQUIRER Photo
The peso firmed up further on Monday after flirting with the psychologically important P50:$1 level last week.
At the Philippine Dealing System (PDS), the local currency ended the trading session at P49.71 to the dollar, stronger than the P49.84 recorded on Friday.
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The peso opened at P49.80 and weakened slightly to P49.83 before rising in the afternoon session to close at its strongest level for the day.
A total of $466.7 million we converted on the PDS, slightly less than last Friday’s $538.2 million.
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