Philippine Peso sinks to record low

MG News | November 21, 2024 at 01:40 PM GMT+05:00

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November 21, 2024 (MLN): The Philippine peso fell to a record low as traders viewed comments from the nation’s central bank as dovish.

The peso fell as much as 0.2% to 59 per dollar on Thursday, the lowest since late 2022.

The central bank may cut or hold its benchmark rate next month depending on inflation data, central bank governor Eli Remolona Eli Remolona said Tuesday.

The Monetary Board in October meeting reduced the BSP’s Target Reverse Repurchase (RRP) Rate by 25 basis points to 6%.

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Name	Price/Vol	%Chg/NChg
KSE100	181,171.77 80.25M	0.48% 860.55
ALLSHR	109,467.02 239.83M	0.44% 478.87
KSE30	53,910.62 31.69M	0.37% 197.64
KMI30	254,607.42 32.87M	0.50% 1263.00
KMIALLSHR	70,138.32 120.23M	0.52% 360.92
BKTi	52,195.33 9.26M	0.14% 74.36
OGTi	36,000.20 5.81M	0.87% 311.76

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,000.00	64,115.00 63,375.00	545.00 0.86%
BRENT CRUDE	88.80	89.07 87.67	-0.18 -0.20%
RICHARDS BAY COAL MONTHLY	105.50	0.00 0.00	-4.45 -4.05%
ROTTERDAM COAL MONTHLY	122.55	123.00 121.90	0.45 0.37%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	82.99	83.22 81.90	-0.28 -0.34%
SUGAR #11 WORLD	16.43	17.11 16.22	-0.30 -1.79%