By MB Online
The peso and the stock market ended in opposite directions on Thursday, April 20.
The Philippine peso–US dollar exchange rate at the Philippine Dealing and Exchange Corporation (PDEX) closed at P49.83, weaker than Wednesday’s (April 19) rate at P49.72.
At the Bangko Sentral ng Pilipinas (BSP) reference exchange rate bulletin, the exchange rate settled at P49.70 to the greenback.
On the other hand, the Philippine Stock Exchange Index (PSEi) rose by 40.47 points (0.54%) to close at 7,563.45.
The All-Shares Index also rallied by 19.14 points (0.43%) to 4,521.21.