THE PESO stayed at a 20-month low on Monday as market players were cautious before the Bangko Sentral ng Pilipinas’ (BSP) policy meeting this week.
The local unit closed unchanged at P58.80 per dollar on Monday, Bankers Association of the Philippines data showed.
This was the peso’s worst finish since its P58.87-a-dollar close on Oct. 24, 2022.
Year to date, the local currency is down by P3.43 from its end-2023 finish of P55.37 against the greenback.
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