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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.
- Philippines Warns of Intervention as Peso Drops Past Key Level
The Philippine central bank warned it will intervene in the...
- Philippines Warns of Intervention as Peso Drops Past Key Level
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.
21 maj 2024 · The Philippine central bank warned it will intervene in the currency market after the peso dropped past the key 58-per-dollar level. Authorities will step in “when necessary to smoothen...
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 hefty...
2 lut 2023 · MANILA, Philippines — The peso is likely to depreciate further for the third straight year in 2023, hitting the 57 to a dollar level anew, according to two global financial institutions.
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.
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. On Friday, the local currency almost touched the 55-level against the greenback when it…
