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Peso may stay at P56:$1 level

6 April 2025
in Business
Reading Time: 4 mins read
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Peso may stay at P56: level
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THE PESO is likely to stay at the P56-per-dollar level this week as the Bangko Sentral ng Pilipinas (BSP) is widely expected to resume its easing cycle.

On Friday, the local unit closed at P56.821 per dollar, jumping by 27.4 centavos from its P57.095 finish on Thursday, Bankers Association of the Philippines data showed.

This was the peso’s strongest finish in six months or since it closed at P56.295 on Oct. 4, 2024.

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