The peso completed its third straight annual loss, as global funds fled local stocks and tightening monetary policy in the US boosted the dollar.
The peso slumped 5 percent in 2015 to 47.06 a dollar in Manila, prices from the Bankers Association of the Philippines show, capping the longest stretch of annual declines since 2004. The currency rose 0.2 percent Tuesday, with local markets shut Dec. 30 and 31 for public holidays. A gauge of dollar strength has risen 8.4 percent this year.
- Advertisement -
