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.
|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|