Peso closes at P50.7 vs dollar

By: - Reporter / @bendeveraINQ
/ 06:48 PM July 17, 2017

Peso-dollar exchange (INQUIRER FILE PHOTO)

MANILA —  The peso on Monday shed five centavos to close at 50.7:$1 from 50.65:$1 last Friday.

The domestic currency hence remained at an almost 11-year low level, the weakest since Sept. 1, 2006’s 50.735:$1.


At the Philippine Dealing System, the peso reached an intraday low of 50.7:$1 and a high of 50.55:$1 after opening at 50.55:$1.

The total volume traded dropped to $255.95 million from Friday’s $379.45 million.


In a note to clients, Metrobank Research said it expected the peso-dollar pair to trade within the range of 50-51:$1 this week.  SFM

Read Next
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: Business, currencies, economy, Finance, Foreign Exchange, Metrobank Research, Philippine Dealing System, Philippine peso, US dollar
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2019 | 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.