The peso rebounded against the dollar on Tuesday, Feb. 20, as the Bangko Sentral ng Pilipinas (BSP) intervened the whole day to cap the peso’s weakness.
The local currency closed the week at P52.24 versus the greenback, up 10 centavos from its P52.34 finish on Monday, Feb. 19.
The peso traded stronger the whole day, opening the session at P52.28 against the greenback. It hit a low of P52.31 intraday, while its best showing was at P52.165 per dollar.
Dollars traded decreased to $977.8 million from the $1.025 billion that changed hands in the previous trading session. — Karl Angelo N. Vidal