Peso takes a beating against dollar

By Mayvelin U. Caraballo

Jun 11, 2022 12:11 am

(UPDATE) THE Philippine peso had its worst day in three-and-a-half years, falling to P53 to the United States dollar on Friday.

The local currency bled 5 centavos to $53:$1 from the previous day's close of P52.95. It hasn't been this soft since Dec. 20, 2018, when it closed at 53.10:$1.

Philippine peso had its worst day in three-and-a-half years, falling to P53 to the United States dollar. File Photo

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