MANILA, Philippines – The peso closed at a four-and-a-half year high yesterday, following other Asian currencies which appreciated on the back of good news from the US.
The local currency ended trading at 41.33 to a dollar, 12.5 centavos stronger than Monday’s close of 41.455 to $1. Dollars traded reached $1.021 billion, up from $687.950 million the previous day.
“The good retail sales in the US possibly caused the peso’s strength. Actually, most currencies and equities in the region performed well today,” a trader at a local bank said in a phone interview.
The US Commerce Department on late Monday reported that retail sales rose 1.1 percent in September, the fastest rise since October 2010. The good news heightened investor appetite for risky assets, including those from the Philippines.
“The risk-on tone is very well placed now and basically the appreciation of the peso is in line with regional developments, which makes the peso still competitive,” another bank trader said.
He noted that from Aug. to Oct. 16, “the Thai baht has appreciated more than the peso.” He however did not cite data. Data from the Philippine Dealing and Exchange Corp. however showed that since the last trading day of 2011, the peso has firmed up by 5.72 percent till yesterday.
“Thus, it (the rise of the peso) should not be a cause of concern,” he added. –Prinz P. Magtulis (The Philippine Star)
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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