Philippine Peso Declines the Least in Emerging Asia This Week
A customer hands over Philippine peso banknotes to a fishmonger at a market stall in the Tondo district of Manila.
Photographer: Seong Joon Cho/BloombergThis article is for subscribers only.
The Philippine peso fell the least in emerging-market Asia this week as the country’s robust economy insulated it from China’s slowdown and rising U.S. interest rates.
The peso lost 0.3 percent to 47.155 a dollar at the close in Manila, taking its drop this week to 0.2 percent, according to prices from Bankers Association of the Philippines. It has declined 4.5 percent over the past 12 months, with only the Taiwan dollar performing better among Asian developing nations.