THE PESO closed at a fresh record low against the US dollar on Monday, nearing the P63 level as growing expectations of a US Federal Reserve rate hike and elevated global crude oil prices weighed on the local currency.
The currency declined by 18 centavos to close at P62.86 versus the greenback from the previous record low of P62.68 last Friday, data from the Bankers Association of the Philippines’ website showed.
Year to date, the peso has depreciated by P4.07 or 6.47% from its P58.79 finish on Dec. 29, 2025.
Monday marked the sixth time the peso has hit a fresh record low so far in September.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
