By MB Online
The peso and the stock market ended in the same direction on Thursday, March 16.
The Philippine peso–US dollar exchange rate at the Philippine Dealing and Exchange Corporation (PDEX) closed at P50.12, stronger than Wednesday’s (March 15) rate at P50.34.
At the Bangko Sentral ng Pilipinas (BSP) reference exchange rate bulletin, the exchange rate settled at P50.31 to the greenback.
On the other hand, the Philippine Stock Exchange Index (PSEi) rose by 24.81 points (0.34%) to close at 7,278.60.
The all-shares index also rallied by 12.26 points (0.28%) at 4,386.08.