Peso claws back to 62 per dollar level

GMA Network - Oct 16, 2026

The Philippine peso climbed its way back to P62-to-one dollar level on Friday, after breaching P63:$1 and hitting a fresh record low for the 27th time this year.

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MANILA, Philippines — Expectations of higher US interest rates bolstered the greenback and dragged the Philippine peso past 63 per dollar for the first time on Thursday, putting the spotlight on how the Bangko Sentral ng Pilipinas (BSP) will respond to stubbornly high inflation and currency volatility. The peso lost 19 centavos from its previous

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