Peso hits highest level since June before ending at P50.04:$1

December 27, 2017

The peso hit its highest level against the US dollar since June 19 before closing at P50.04 against the greenback on Wednesday.

The peso ended at P50.04 after it reached a high of P49.96. It settled at P50.14 on Friday before the market took a two-day holiday break.

But volume at the Philippine Dealing System went down to $523.1 million from $840.91 on Friday.

The Philippine Stock Exchange Index rose 58.6 points to 8,490.91. Foreigners were net buyers, with P1.70 billion worth of stocks bought compared to P1.354 billion bought. DMS