Dollar-Peso Exchange Rate

Volatile day for USD/PHP as prices swung from a low of Php51.300, to a high of Php51.600 before finally closing at Php51.350, up just 1 centavo from yesterday. Dollar strength persisted today, as US retail sales data came out better than market expectation overnight. Tension between US and North Korea has also died down temporarily, allowing the greenback to pare some of its losses. USD/PHP gapped up 11 centavos at the open to Php51.450, and buying quickly built up momentum which prompted prices to reach an intraday high of Php50.600. Profit taking then took place which caused a sell off with USD/PHP eventually closing relatively flat at Php50.350.                         

    16-Aug-17   15-Aug-17
         
OPEN:   51.450   51.200
HIGH:   51.600   51.350
LOW:   51.300   51.130
CLOSE:   51.350   51.340
         
AM WT AVERAGE:   51.514   51.180
AM VOLUME (in millions):   $       399.70   $       336.00
         
PM WT AVERAGE:   51.367   51.256
PM VOLUME(in millions):   $       425.00   $       323.00
         
PDS WT AVERAGE:   51.438   51.217
TOTAL VOLUME(in millions):   $       824.70   $       659.00



 

 

 

 

Local Government Securities Market

Yields are a bit lower today ff. demand seen on Tuesday's auctioned bond FXTN 10-61. Wednesday's focus was still on the 10Y benchmark with good trading activity heard from the voice brokers throughout. After an auction average award rate of 4.718%, it traded below this level to between the 4.68 - 4.71% range. Some players likely already saw this as a bargain given the 10Y benchmark's high of 4.75% for the year, a resistance that held strong again in the auction. Other bonds, meanwhile, also saw a bit of downward bias as some investors likely still tried to reinvest the Php 22.5 Bn proceeds of T-bills and T-bonds maturity. Volume of deals was still healthy, but not particularly spectacular at a tune of Php 16.3 Bn.

With follow-through activity for the just-auctioned 10Y benchmark bond as well as Php 22.5 Bn GS maturity out of the way, we may expect players to go back to wait-and-see mode ahead of the Jackson Hole symposium.

 

 

 

 

 

 

 

 

 

 

 

 

 

Local Government Securities Market
23 Aug 2017 16:00

Yields are a bit lower today ff. demand seen on Tuesday's auctioned bond FXTN 10-61. Wednesday's focus was still on the 10Y benchmark with good trading activity heard from the voice brokers throughout [ ... ]

Dollar-Peso Exchange Rate
16 Aug 2017 16:00

Volatile day for USD/PHP as prices swung from a low of Php51.300, to a high of Php51.600 before finally closing at Php51.350, up just 1 centavo from yesterday. Dollar strength persisted today, as US r [ ... ]

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1 Make sure that the website address appearing on your browser starts with https://ebanking.unionbankph.com and a padlock symbol (🔒) beside it. If you see something different or there is no address appearing, please do not proceed and report to us immediately.

2 You can only type in your password or PIN using the virtual keyboard.

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1 Make sure that the website address appearing on your browser is Union Bank of the Philippines and has a padlock symbol (🔒) beside it. If you see something different or there is no address appearing, please do not proceed and report to us immediately.

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1 Make sure that the website address appearing on your browser starts with https://ebanking.unionbankph.com and a padlock symbol (🔒) beside it. If you see something different or there is no address appearing, please do not proceed and report to us immediately.

2 Keep your device virus-free. Make sure you have an updated anti-virus software.

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1 Make sure that the website address appearing on your browser is Union Bank of the Philippines and has a padlock symbol (🔒) beside it. If you see something different or there is no address appearing, please do not proceed and report to us immediately.

2 Keep your device virus-free. Make sure you have an updated anti-virus software.

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2 Keep your device virus-free. Make sure you have an updated anti-virus software.

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