The worst weekly performance of Philippine Peso in two months

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Source: Bloomberg
© Scanpix/FP
The Peso slipped by 0.1% to 41.298 per Dollar in morning session in Manila on Friday. The domestic Philippine's currency lost 0.6% this week and that was the worst performance since 21st of September. Also, the Peso is close to the highest level in more than four years, peak at 41.05, which was reached on 8th of November. The Peso experiences pressure, as the growth of international remittances slowed in September, as export and remittance account for 30% of the $225 billion Philippines economy.
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Fri, 16 Nov 2012 13:13:14 GMT

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