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Business > Top Business
Peso weakens to P57.35 vs USD
By Eireene Jairee Gomez
Nov 17, 2022 12:22 am

THE peso closed weaker on Wednesday, losing 14 centavos to end the day at P57.35 to the dollar.

An analyst said the decline could have been prompted by news of a drop foreign investment approvals. The peso-dollar rate was still relatively stable, he added, following last month's drop to a record P59:$1.

An electronic sign in a money changer shows the current exchange rate of the Philippine peso to the United States dollar on Wednesday, Nov. 16, 2022. The peso ended the day at P57.35. PHOTO BY AARON RONQUILLO An electronic sign in a money changer shows the current exchange rate of the Philippine peso to the United States dollar on Wednesday, Nov. 16, 2022. The peso ended the day at P57.35. PHOTO BY AARON RONQUILLO
An electronic sign in a money changer shows the current exchange rate of the Philippine peso to the United States dollar on Wednesday, Nov. 16, 2022. The peso ended the day at P57.35. PHOTO BY AARON RONQUILLO

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