The peso pierced the ₱61:$1 level on Tuesday, April 28, as the oil-vulnerable local currency continued to weaken amid uncertainties wrought by the prolonged war in the Middle East.
As of 1:52 p.m., the peso hit an intraday low of ₱61.08 against the United States (US) dollar after opening at ₱60.8, according to the Bankers Association of the Philippines (BAP).
The peso’s previous record-low close was at ₱60.748:$1 last March 31.
