Graph showing Philippine peso exchange rate decline

Philippine Peso Hits Record Low of ₱63.615 to $1 Amid Speculative Pressure

Audio narration · Coming soon

The Philippine peso has fallen to a new record low of ₱63.615 against the US dollar. This depreciation may be driven by speculators testing the Bangko Sentral ng Pilipinas' tolerance for currency weakening.

Why this matters

PRISM scored this story 55/100 for interest.

Originally published by gnews