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Friday markets: Peso-dollar rate at P50.18; stocks gain


By MB Online



The peso and the stock market ended in opposite directions on Friday, March 17.

The Philippine peso–US dollar exchange rate at the Philippine Dealing and Exchange Corporation (PDEX) closed at P50.18, weaker than Thursday’s (March 16) rate at P50.12.

At the Bangko Sentral ng Pilipinas (BSP) reference exchange rate bulletin, the exchange rate settled at P50.19 to the greenback.

On the other hand, the Philippine Stock Exchange Index (PSEi) rallied by 66.42 points (0.91%) to close at 7,345.02.

The all-shares index also rose by 31.12 points (0.71%) at 4,417.20.

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  • bechay64

    Go go go Pinas! Ignore those doomsayers. Focus on the positive, ignore the negative vibes.