P/$ rate closes at P48 10/$1 – Manila Bulletin mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Central bank fully awards offer of short-term bills
April 30, 2021 | 6:17 pm
BW FILE PHOTO
THE BANGKO SENTRAL ng Pilipinas (BSP) made a full award of the 28-day bills it offered on Friday as rates dropped due to the peso’s appreciation and flows from tax payments.
The central bank raised P100 billion as planned from its auction of the one-month securities, with demand amounting to P151.5 billion, making the offer 1.5 times oversubscribed. This was higher than the P141.25 billion in bids for the previous auction.
The average rate of the 28-day debt papers stood at 1.8052%, down by 2.34 basis points from the 1.8286% quoted previously. Investors asked for yields ranging from 1.79% to 1.82%, slightly lower than the 1.7925% to 1.844% band seen a week ago.
BusinessWorld
April 29, 2021 | 9:00 pm
BW FILE PHOTO
THE PESO rebounded versus the greenback on Thursday as the US Federal Reserve expressed its commitment to retain policy support and following the extension of local restriction measures, which could hurt imports.
The local unit closed at P48.315 per dollar yesterday, strengthening by 16.2 centavos from its P48.477 finish on Wednesday, based on data from the Bankers Association of the Philippines.
The peso opened the session at P48.45 per dollar, which was also its worst showing for the day. Meanwhile, its strongest level was at P48.29 against the greenback.
Dollars exchanged slipped to $837.5 million yesterday from $854.98 million on Wednesday.
P/$ rate closes at P48 315/$1 – Manila Bulletin mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
BusinessWorld
April 28, 2021 | 9:00 pm
THE PESO weakened against the dollar on Wednesday as oil prices went up. BW FILE PHOTO
THE PESO retreated against the greenback on Wednesday as oil prices edged higher and as the market was waiting for the US Federal Reserve’s policy decision.
The local unit closed at P48.477 per dollar, depreciating by 9.6 centavos from its P48.381 finish on Tuesday, based on data from the Bankers Association of the Philippines.
The peso opened Wednesday’s session at P48.44 against the dollar. Its weakest showing was at P48.485, while its intraday best was at P48.40 versus the greenback.