Tag page - Peso

The peso closed  lower at  P48.60  to the US dollar Thursday  from  P48.585  the previous day.  The weighted  average rate depreciated  to  P48.59   from P48.589. Total volume amounted to $614.4  million, according to the Bankers Association of the...

Economists from Japan-based MUFG Bank Ltd. see continued strong peso vis-à-vis the US dollar despite the pandemic-induced economic recession and increasing COVID-19 cases which is the highest in the region. MUFG analyst Sophia Ng for Global Markets Research forecasts the peso to keep its strength...

The Philippine peso is heading for its biggest quarterly gain in a decade and still has scope to appreciate due to positive fund flows, according to Credit Agricole SA and Nomura Holdings Inc. The local currency has now strengthened 4.6% this year, beating all its developing-nation counterparts...

The continuous appreciation of Philippine peso versus other currencies may continue to pull down water rates in Metro Manila until the first quarter of 2021. MB File photo. (ALVIN KASIBAN) This is because of the Foreign Currency Differential Adjustment (FCDA) tariff mechanism that Maynilad Water...