Peso still weak from lowest-ever value

The peso exchange rate on 22 September opened at 58.10, further weakened at 58.25, recovered at 58.00, with the latest at 58.22.

The Philippine currency closed at its lowest-ever value at 58 per dollar on 21 September, as other regional currencies pulled back amid a looming new US policy rate increase.

The peso traded at an average of 57.89 on a volume of $1.05115 billion.