Thursday, July 19, 2018
  • share this

Peso touches 51:$1

By: - Reporter / @bendeveraINQ
/ 10:55 AM August 11, 2017

The peso on Friday touched the 51:$1 level, hitting an intraday low of 51.08:$1 during the morning’s trade.

The local currency opened at 50.9:$1, weaker than Thursday’s close of 50.795:$1.

“We’re constantly monitoring peso developments for excessive short-term volatility not consistent with underlying economic fundamentals and take appropriate actions when necessary. We recognize that the market is also often self-correcting,” Bangko Sentral ng Pilipinas Governor Nestor A. Espenilla Jr. told reporters when sought for comment on the peso’s further slide.


Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Foreign Exchange, Peso, Philippine peso, US dollar
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2018 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.