Viber out rate2/14/2023 ![]() The local unit weakened versus the dollar on Friday on expectations that the US Federal Reserve would deliver another 75-basis-point (bp) or a bigger full percentage point rate increase this week, Rizal Commercial Banking Corp. Its intraday best was at P57.32, while its weakest showing was at P57.44 against the greenback.ĭollars exchanged inched down to $900.66 million on Friday from $909.8 million on Thursday. The peso opened Friday’s session at P57.35 per dollar. ![]() Week on week, the local unit also sank by 61 centavos from its P56.82 close on Sept. For the year so far, the peso has weakened by P6.43 or 12.61% from its Dec. The local unit closed at a new all-time low of P57.43 on Friday, dropping 27 centavos from its P57.16 finish on Thursday, data from the Bankers Association of the Philippines showed. THE PESO may rebound against the dollar this week as the Bangko Sentral ng Pilipinas (BSP) is widely expected to continue increasing its benchmark interest rates.
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