Philippine Peso To US Dollar Exchange Rate February 2009

The chart for the Peso’s behavior toward the US Dollar for Februaray 2009 is shown below:

Php Vs US Dollar Exchange Rates for February 2009
Date High Low Close Volume in USD
02-01-2009 PhP46.485
02-02-2009 PhP47.720 PhP47.720 PhP47.520 $906,600,000
02-03-2009 PhP47.087
02-04-2009 PhP47.520 PhP47.230 PhP47.520 $894,000,000
02-05-2009 PhP47.337
02-06-2009 PhP47.124
02-07-2009 PhP47.125
02-08-2009 PhP47.125
02-09-2009 PhP47.150 PhP46.990 PhP47.000 $848,470,000
02-10-2009 PhP46.729
02-11-2009 PhP46.993
02-12-2009 PhP47.225
02-13-2009 PhP47.134
02-14-2009 PhP47.145
02-15-2009 PhP47.145
02-16-2009 PhP47.503
02-17-2009 PhP47.821
02-18-2009 PhP47.211
02-19-2009 PhP47.877
02-20-2009 PhP48.2858
02-21-2009 PhP48.2999
02-22-2009 PhP48.2849
02-23-2009 PhP48.2500
02-24-2009 PhP48.2160
02-25-2009 PhP47.9969
02-26-2009 PhP48.4274
02-27-2009 PhP48.8519
02-28-2009 PhP48.7630

Note:  02-21-09 The dollar appears to be headed slightly upward.  This may, in part, because Metrobank of the Philippines has predicted the dollar will rise to 53:1.  Their logic is reasonable, based on risk aversion that is present in all markets right now.  However, the market is not a totally free makert and with remittances showing signs of decrease it may very well be important to get the dollar’s value up against the .

NTD = Non Trading Day

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