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MANILA, Philippines — A renewed bout of turmoil in the Middle East propped up the US dollar and sent the Philippine peso back to its record low level on Wednesday, with further depreciation seen amid extreme market volatility.
The local currency ended the trading session at 61.75 against the greenback, 0.5 centavos weaker than its previous finish, data from the Bankers Association of the Philippines showed.
READ: Peso seen weakening to 63:$1 by end-2026
Yesterday’s closing matched the peso’s record low finish of 61.75 seen on May 18, 2026.
