Peso drops to new low of P59 vs dollar

By Tiziana Celine Piatos

Oct 04, 2022 12:26 am

THE Philippine peso closed at P59 to a United States dollar on Monday for another record low despite increasing by small increments against greenback in the past three trading days.

Data from the Bankers Association of the Philippines said local foreign exchange trading opened at P58.75, weaker than Friday's P58.6.

100 dollar bills seen at a money changer shop in Quezon City last September 30, 2022. (PHOTO BY: MIKE DE JUAN)

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