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Dirham-peso exchange rate hits Php14.7 mark

Dirham-peso exchange rate continues to move closer to the Php15 territory as latest rate passed the Php14.7 mark.

As per the latest exchange bulletin released by the Bangko Sentral ng Pilipinas (BSP) on September 14, Friday, dirham-peso exchange stands at Php14.7038.

It should be noted, however, that BSP does not release exchange bulletins over the weekend and that rates may vary in different currency exchange centers. Another exchange bulletin will be released on Monday, September 17.

Earlier, UAE remittance companies told The Filipino Times that the peso-dirham exchange rate, which has continuously been moving up since last year, is headed to Php15, citing different factors.

One of which is the US’ move to hike interests resulting to a struggling peso.

Peso remains weak against US dollar which currently stands at Php54.009.

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

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