Despite economic uncertainty amongst the doldrums of the covid-19 virus, the Philippine peso continued to display its remarkable resiliency—ending the week sideways against the dollar.

The local currency ended the week at 51.00 from 51.07 the previous day.

Opening at 50.888, stronger than its 50.98 start in the previous session.

It traded between 51.05 and 50.83, resulting in an average of 50.905.

Volume totalled to USD456.2 million, higher than Thursday’s USD420.1 million.

Balikbayan Media Center
Balikbayan Media Center

Balikbayan Magazine's Media Center serves an audience in 60 countries and 101 cities throughout the World to ignite, drive, and fuel the economic development, progression, and modernisation of the Philippines. Our Media Center curates only the most critical, vital, useful, entertaining, and sometimes amusing information released from both the public and private sector. Our editorial team strongly believes that a well-rounded and well-informed society is a thriving society.

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Spotlighting the growth, development, and progression of the Philippines since 2009. Balikbayan Magazine is a publication of the Asian Journal Media Group.