forex - updates

Rappler's latest stories on forex

ARTICLE FINDER

Philippine peso breaches P53 to $1 level, falls to 12-year low

Jun 13, 2018 - 4:58 PM

The peso closes at P53.23 to $1, its weakest level since June 2006

Philippine peso weakest in over 11 years

Feb 14, 2018 - 4:45 PM

(UPDATED) Pressured by a record trade deficit, the local currency closes at P52.12 against the US dollar on Wednesday, February 14, its weakest since July 2006

Philippine peso continues to dip, hits new 10-year low

Feb 27, 2017 - 6:10 PM

The local currency slides to a fresh low again as it braces for another US Federal Reserve rate hike and awaits US President Donald Trump s new policies

FRESH 10-YEAR LOW. On Monday, February 27, Philippine peso opened weaker at P50.24 to $1 and depreciated further to an intraday low of P50.285 to $1. Rappler file photo

Rappler Talk: Bob Herrera-Lim on the peso, worst performing currency

Feb 22, 2017 - 8:22 AM

The Philippine peso remains the worst performing currency in the Asia depreciating by as much as 5 72 this year

Philippine peso now at its weakest in a decade

Feb 20, 2017 - 7:10 PM

The local currency s performance on Monday February 20 is the weakest since the P50 32: 1 level recorded on September 26 2006

WEAKEST. This is Philippine peso's weakest close in a decade. Rappler file photo

Philippine peso ends week-long losing streak

Nov 26, 2016 - 9:00 AM

The peso closes at P49 84 to 1 a day after it briefly breached the P50 to a dollar level

Philippine peso hits P50 to the dollar

Nov 24, 2016 - 12:04 PM

3rd UPDATE Economists and government officials say the pace by which the local currency has been weakening against the greenback remains very manageable

A customer counts Philippines peso notes after trading his US dollars for Philippine pesos in Manila on September 8, 2015.  Jay Directo/AFP

Dominguez: Fed rate hike talks mainly caused peso depreciation

Nov 02, 2016 - 7:30 PM

On Wednesday November 2 the Philippine peso slightly strengthens against the US dollar as the greenback weakens on growing concerns over the US elections

Finance Secretary Carlos Dominguez III says that the country's growth momentum, coupled with low inflation rate, stable currency, and strong political leadership of the Duterte administration, has earnestly opened the doors for business with other nations. Photo by King Rodriguez/Presidential Photo

Clinton vs Trump, Duterte, vs Abu Sayyaf, Philippine peso drop | 12PM wRap

Sep 27, 2016 - 12:31 PM

Watch the 12PM wRap with Maria Ressa

Peso hits 7-year low vs US dollar

Sep 26, 2016 - 7:00 PM

The Philippine peso closes at P48 25 to 1 on Monday September 26 amid domestic and global uncertainty

PH external debt inches up to $77.7 B for H1 2016

Sep 19, 2016 - 5:28 PM

Despite the increase the BSP says the debt stock remains manageable due to substantial international reserves and consistent economic growth

Philippine peso coins and a bank note at a street store in Manila, 10 January 2008.  Jay Directo/AFP/File

BSP eases forex limits for consumers, corporations

Sep 15, 2016 - 12:30 PM

The new regulations lift the cap on foreign currency that can be purchased without supporting documents to 500 000 for individuals and 1 million for firms among others

Gov't debt stands at P5.948 trillion in first half of 2016

Aug 08, 2016 - 9:30 PM

Foreign exchange fluctuations and new domestic borrowings push up the debt stock in June but total debt has decreased slightly from the start of the year

RCBC admits wrong report to AMLC on businessman Antonio Tiu

Jul 12, 2016 - 12:29 PM

Saying the damage caused by RCBC s mistake is irreparable the businessman says he will not stop until justice is served against those who wrongly accused him and his companies

LEGAL BATTLE. Antonio Tiu (L) lodges perjury complaints against Julia Bacay-Abad (R) before the Department of Justice on April 29, 2016

Iran 'return' to oil market risks more price pressure

Jan 17, 2016 - 8:17 PM

Analysts say that the country s intention to significantly increase oil output after lifting international sanctions risks more pressure on crude prices

PH warns vs using exchange rate as trade tool

Aug 23, 2015 - 11:16 PM

We must be mindful of the trade offs involved in using the exchange rate as a trade tool to boost competitiveness Finance Secretary Cesar Purisima says

US, Britain fine 6 top banks nearly $6B for forex, Libor abuses

May 20, 2015 - 4:58 PM

UPDATED US UK regulators say forex traders from the banks had met in online chatroom groups to set rates that cheated customers while adding to their own profits

FOREX RATES. Pedestrians are reflected on a window of a bank as it displays the foreign exchange rates in New York on February 5, 2015. Jewel Samad/AFP

Kenya freezes key money transfers to Somalia over suspected terrorist links

Apr 09, 2015 - 9:48 AM

But the freeze also includes money transfer companies that provide a crucial way for relatives to send remittances from abroad to war torn Somalia

A man displays 1,000 Kenyan shillings notes in Nairobi, Kenya, 03 June 2014. Daniel Irungu/EPA

Dollar gives up US GDP data gains in Asia

Dec 25, 2014 - 3:00 PM

The dollar will continue to lack the momentum to test its upside says Mizuho Securities FX strategist Kenji Yoshii

HSBC sets aside $378M for fine over forex scandal

Nov 03, 2014 - 11:05 PM

The Asia focused lender sets aside the amount for a potential fine in Britain to settle allegations of foreign exchange market rigging as it posted mixed third quarter earnings

World stocks plunge on global economic jitters

Oct 15, 2014 - 11:15 PM

European equities tumble while Asian stock markets rise

Try forex trading instead of stocks

Aug 17, 2013 - 9:09 AM

The foreign exchange or forex market is one of the fastest growing financial markets today and Filipinos need to take advantage of this says a finance executive

FOREX TRADING. A finance executive shares some tips on foreign exchange trading at the Money Summit and Wealth Expo on July 12. Photo by AFP

JG Summit profit falls on weak airline, petrochem units

Aug 14, 2013 - 7:27 PM

Cebu Pacific books forex losses while the petrochemical unit posts a net loss

TWO GENERATIONS. Father and son, John Jr (right) and Lance (left) Gokongwei, address the stockholders of food firm Universal Robina Corp. in an annual meeting on April 18. Photo by Aya Lowe

BSP re-opens exchange facility for Syrian pound

Jul 16, 2013 - 6:46 PM

The policy making body of the BSP approves the re opening of the exchange facility to assist the OFWs who were displaced by the conflict