The Philippine peso weakened to a new all-time low of ₱63.15 against the US dollar in early trading Thursday, surpassing its previous intraday record of ₱62.925, according to data from the Bankers Association of the Philippines (BAP).

_{PHOTO: Peso to Dollar exchange summary via Bankers Association of the Philippines}

The peso opened at ₱62.83 per dollar before closing at ₱62.87 on Wednesday, Oct. 14.

Wednesday’s closing rate was just three centavos away from the peso’s record-low closing rate of ₱62.90, recorded on Oct. 8.