Dollar-Peso Exchange Rate
USD/PHP surge continued today, closing another 10.5 centavos higher to Php49.830. Despite the greenback trading lower against major and regional currencies, the local pair was still well bid. Market continues to buy the dollar on any dips, prompting prices to reach an intraday high of Php49.870. At these levels some profit taking took place, as the USD weakened further against EUR over news that French presidential hopeful Macron took the lead in the most recent polls. Nevertheless, USD/PHP still managed to close 10.5 centavos higher to Php49.830.
|AM WT AVERAGE:||49.809||49.685|
|AM VOLUME (in millions):||$ 376.30||$ 199.50|
|PM WT AVERAGE:||49.819||49.730|
|PM VOLUME(in millions):||$ 206.00||$ 237.00|
|PDS WT AVERAGE:||49.812||49.709|
|TOTAL VOLUME(in millions):||$ 582.30||$ 436.50|