THE PESO weakened on Wednesday to match its all-time low against the US dollar as a re-escalation in the Middle East conflict heightened concerns over inflation risks.
The Philippine peso closed at P61.75 against the US dollar on Wednesday, inching down by half a centavo from P61.745 on Tuesday, based on data on the Bankers Association of the Philippines’ website.
This was the peso’s worst close in more than two months. It first closed at a record low of P61.75 against the greenback on May 18.
Year to date, the local unit has depreciated by P2.96 or 4.79% from its P58.79 finish on Dec. 29, 2025.
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