Peso exchange rate breaches P54:$1; stocks down » Manila Bulletin Business

Manila Bulletin Philippines

Breaking News from the Nation's leading newspaper

Tempo

Online Newspaper

Showbiz and Celebrity News

Sports News

World News
News Asia

Peso exchange rate breaches P54:$1; stocks down

Updated

By MB Online

The peso slipped to a 12-year low against the dollar on Wednesday, as the local bourse also continued its slide.

MANILA BULLETIN

MANILA BULLETIN

The Philippine peso–US dollar exchange rate at the Bankers Association of the Philippines closed at P54.13, weaker than Monday’s rate (September 11) at 53.94.

This is the peso’s weakest since closing at 54.155 last December 2, 2005.

At the Bangko Sentral ng Pilipinas (BSP) reference exchange rate bulletin, the exchange rate settled on P53.92 to the greenback.

The Philippine Stock Exchange Index (PSEi) also slipped rose by 68.81 points (0.92%) to close at 7,449.20.

The all-shares index likewise fell by 20.12 points (0.44%) at 4,577.16.

Related Posts