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Tuesday, April 23, 2024

Peso breaks P 51 mark against dollar

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The Philippine peso has breached the P 51 mark against the dollar.

This was during the morning trading on Friday.

The peso's performance today is weaker than yesterday.

Thursday's exchange rate was at P 50.79 per dollar.

Bangko Sentral ng Pilipinas (BSP) is closely watching the continuing depreciation of the local currency.

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This is the lowest value for the peso in the last eleven months.

 

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