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Saturday, December 16, 2017

Tuesday markets: Peso-dollar rate at P49.88; stocks drop

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By MB Online

The peso and stock market ended mixed on Tuesday, February 14.

MANILA BULLETIN

MANILA BULLETIN

The Philippine peso–US dollar exchange rate at the Philippine Dealing and Exchange Corporation (PDEX) closed at P49.88,  an improvement over Monday’s (February 13) rate at P49.92.

The reference exchange rate issued by the Bangko Sentral ng Pilipinas (BSP)  settled at P49.92 to the greenback.

The Philippine Stock Exchange Index (PSEi) dropped by 87.83 points (1.20%) to close at 7,206.84 points while the All-Shares also went down by 34.28 points (0.78%) at 4,374.58.

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