Home > Business Peso breaches P53 to $1 level, falls to new 12-year low ABS-CBN News Posted at Jun 14 2018 01:19 AM Share Save Facebook Twitter GPlus LinkedIn Watch also in iWantv or TFC.tv The Philippine peso sinks to a new 12-year low against the U.S. dollar, but while overseas Filipino workers (OFW) remittances and exports are seen to benefit from the further depreciation of the local currency, government data show otherwise. - The World Tonight, ANC, June 13, 2018 Share Save Facebook Share on Twitter GPlus LinkedIn Read More: The World Tonight ANC OFW remittance exchange rate peso US dollar