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Peso nears P14.7 vs dirham, P54 vs dollar

The peso-dirham exchange rate is only an inch away from the P15-mark as it hit P14.66 on Sept. 10, according to the Bangko Sentral ng Pilipinas (BSP) bulletin.

The peso-dirham exchange rate returned to P14.66 at the start the week after it closed at P14.61 on Friday last week, September 7.

The BSP also said that peso continues to get weaker against the dollar when it opened this week at P53.79, the weakest in nearly 13 years.

The last time peso hit P54 was in 2005, according to BSP’s data.

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