Peso closes at all-time high of P59 against US dollar
［ 681字｜2024.11.22｜経済 (economy)｜econoTREND ］
The peso closed at an all-time high of P59 against the US dollar on Thursday after finishing at P58.91 on Wednesday.
Volume at the Bankers Association of the Philippines reached $842.68 million, with trades amounting to $426.48 million in the morning when the peso averaged at P58.968 against the dollar.
''We are at an all-time high,'' said economist Jonas Ravelas in a social media post. ''The highest since Oct. 20, 2022.''
''The greenback continues to strengthen, gaining momentum after Donald Trump's re-election.
Economist Emmanuel Leyco told GMA News that ''immediately that prices of goods that we import, like fuel, will go up because we pay for them in dollars.'' DMS
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