Peso continues decline, slips to 50.31:$1 | Inquirer Business

Peso continues decline, slips to 50.31:$1

By: - Reporter / @bendeveraINQ
, / 06:16 PM March 02, 2017
AFP FILE PHOTO

AFP FILE PHOTO

MANILA — The peso further fell, on Thursday, to a fresh over 10-year low against the US dollar, closing at 50.31:$1 from 50.28:$1 last Wednesday.

Thursday’s close remained the weakest so far, although stronger by just one centavo, since Sept. 26, 2006’s 50.32:$1.

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At the Philippine Dealing System, the peso hit an intraday low of 50.345:$1 and a high of 50.27:$1 after opening at 50.3:$1.

The total volume traded declined to $409 million from Wednesday’s $429.8 million.  SFM

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TAGS: Bangko Sentral ng Pilipinas, Business, currency, economy, Finance, Foreign Exchange, Philippine Dealing System, Philippine peso, US dollar
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