Peso weakens to fresh near 11-year low of 51.49:$1 | Inquirer Business

Peso weakens to fresh near 11-year low of 51.49:$1

By: - Reporter / @bendeveraINQ
/ 04:48 PM August 18, 2017

INQUIRER.net FILE PHOTO

The peso on Friday further weakened to close at 51.49:$1 from 51.355:$1 last Thursday.

It was a fresh almost 11-year low, the weakest since Aug. 24, 2006’s 51.6:$1.

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At the Philippine Dealing System, the peso reached an intraday low of 51.63:$1 and a high of 51.39:$1 after opening at 51.45:$1.

The total volume traded jumped to $1.006 billion from Thursday’s $688 million. JPV

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TAGS: dollar rate, Forex, Philippine Dealing System, Philippine peso

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