Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Philippine Peso Halts Five-Day Advance on Intervention Concern

The Philippine peso snapped a five-day advance on speculation the central bank intervened, suggesting the monetary authority judged the currency’s gains to be excessive. Government bonds due 2031 declined.

The peso climbed 1.2 percent last week, the most in a year, as foreign funds turned net buyers of local shares for the first time in June, according to exchange data. Central bank Governor Amando Tetangco said today that the authorities will monitor price actions in the market as well as flows.

“There’s a sense there’s some intervention,” said Antonio Espedido, treasurer at China Banking Corp. in Manila. “That somehow capped the peso’s appreciation.”

The currency dropped 0.5 percent to 43.313 per dollar in Manila. It fell to 44.20 per dollar on June 21, the lowest level since January 2012, and lost 5.5 percent in the quarter through June.

Australia & New Zealand Banking Group Ltd. raised its forecast for the Philippines’ gross domestic product growth for this year to 7.1 percent from 6.5 percent and to 6.5 percent from 6 percent for 2014.

One-month implied volatility, a measure of expected moves in the exchange rate used to price options, declined six basis points, or 0.06 percentage point, to 7.60 percent.

The yield on the 8 percent sovereign bonds due July 2031 climbed 15 basis points to 5.10 percent, according to prices from Tradition Financial Services.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.