Peso hits new record low amid market concerns
Workers were seen hanging banners and cleaning at a building in Quezon City on Friday, 14 November 2025. The Philippine peso fell to a new record low of P59.17 to the dollar on Wednesday, pressured by strong demand for the greenback and declining market confidence due to corruption concerns. The currency, whose previous all-time low of P59.13 to the dollar was hit late last month, closed weaker by 18.5 centavos.
Workers were seen hanging banners and cleaning at a building in Quezon City on Friday, 14 November 2025. The Philippine peso fell to a new record low of P59.17 to the dollar on Wednesday, pressured by strong demand for the greenback and declining market confidence due to corruption concerns. The currency, whose previous all-time low of P59.13 to the dollar was hit late last month, closed weaker by 18.5 centavos.