Previous close | 48.08 |
Open | 48.08 |
Bid | 48.063 |
Day's range | 48.02 - 48.094 |
52-week range | 47.1412 - 52.4400 |
Ask | 48.113 |
The Philippine peso, which lagged behind its peers in Asia this quarter, may get a boost in December with millions of Filipinos abroad set to send record amounts of money home to help families suffering from the pandemic and the recent typhoons.
The Philippine peso hit an air pocket Thursday after a central-bank report showed remittances unexpectedly fell in August, but its pullback is likely to be temporary, according to strategists.
The local currency has now strengthened 4.6% this year, beating all its developing-nation counterparts over the period except the Bulgarian lev, according to data compiled by Bloomberg.