MANILA, Philippines — A new record low. That is how far the Philippine peso tumbled on Tuesday as the dollar gained amid the ongoing Middle East war. READ: Peso sets record low finish of 60.69 vs dollar…
MANILA, Philippines – The Philippine peso posted its strongest close in more than four months on Monday, climbing to the 57-per-dollar level in thin holiday trading across Asia, though the rally may be hard to sustain without…
MANILA, Philippines — As market confidence has remained weak amid lingering governance issues at home, the Philippine peso then fell on Wednesday to a new record low against the US dollar. The local currency closed at 59.17…
MANILA, Philippines — The peso touched the 57-level against the US dollar on Wednesday, as the greenback gained strength after higher US inflation dampened expectations of US Federal Reserve cuts. The local currency’s worst showing stood at…
MANILA, Philippines — Cash remittances sent home by Filipinos overseas posted a slower growth in March, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday. Cash remittances coursed through banks amounted to $2.8 billion, up by 2.6…
MANILA, Philippines — The Philippine peso appreciated to the 55-level for the first time in over seven months on Wednesday, as the greenback continued to be vulnerable to shocks emanating from US President Donald Trump’s erratic trade…
MANILA, Philippines — Remittances experienced slower growth in January as the typical surge in cash transfers during the holiday season subsided. Data from the Bangko Sentral ng Pilipinas (BSP) revealed that cash remittances coursed through banks increased…
Remittances or money sent home by Filipinos working abroad dropped to a six-month low in November 2024, as the weak peso helped them save on transfer costs. According to the Bangko Sentral ng Pilipinas (BSP), cash remittances…
The Philippine peso on Thursday, Nov. 21, plummeted to a record-low of 59 to a dollar, a level not seen in over two years, as the strong dollar, bolstered by the US presidential elections, continued to impact…
MANILA, Philippines — The Philippine peso dropped on Wednesday close to a few centavos away from a record level of 59. It is, however, its lowest level in over two years as the Philippine peso was overpowered…
A peso depreciation to record-low 59:$1 “looks likely” as the currency continued to be overpowered by a rallying dollar, although a deeper fall beyond that level is unlikely as the Bangko Sentral ng Pilipinas (BSP) stands ready…
Overseas Filipinos’ remittances grew by 3.2 percent in September, matching August’s growth and marking the second-fastest rate this year. According to the Bangko Sentral ng Pilipinas (BSP), remittances reached $3.34 billion, up from $3.23 billion in September…
