Search results
12 lip 2022 · MANILA, Philippines — The Philippine currency plunged further on Tuesday, closing at 56.37 against the greenback, according to the foreign exchange summary of the Bank Association of the Philippines (BAP). This puts the local currency at its weakest since Monday when the peso closed at 55.979 against the US dollar.
- Peso depreciation: Winners, losers, benefits | Inquirer News
The peso depreciation means more pesos exchanged for each...
- Peso depreciation: Winners, losers, benefits | Inquirer News
13 lut 2024 · The Philippine central bank has spared no expense in preventing the peso weakening past the crucial 57 per dollar level. It may all be for nothing as rising oil prices and the prospect of...
30 wrz 2022 · The peso depreciation means more pesos exchanged for each dollar earned. That is why those who depend on remittances from abroad—such as those from Overseas Filipino Workers (OFWs) who earn money in foreign currencies— benefit when the peso depreciates since they would get more pesos for every dollar sent to them.
17 kwi 2024 · The Philippine peso’s slide to a 17-month low isn’t large enough to derail monetary easing later this year or early next year, according to central bank Governor Eli Remolona.
21 maj 2024 · The peso weakened as much as 0.7% to 58.28 per dollar on the day, approaching the record-low level of 59 touched in 2022.
MANILA – The Philippine peso is seen to weaken further against the US dollar as central banks continue to hike key rates to help address the elevated inflation rate and to withdraw pandemic-related measures.
19 gru 2022 · The Philippine peso has seen its value depreciate against the US dollar (USD) during the past months. After reaching a record-low of P56.77 to $1 on Sept. 2, the local currency hit several record-lows subsequently plunging to a historic low of P59 per US dollar during the week of Oct. 10 through 17.
