Peso closes at $1 = P55.74


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Before we start celebrating and patting ourselves on the back, what, in fact, is the reality on the ground?
The Philippine Peso on Friday, 2 December, closed the day at P55.74 versus the US Dollar.
It opened the day at P56.20, from its P56.45 start in the previous session.
It traded between P56.20 and P55.71, resulting in an average of P55.983.
The volume reached $1.284 billion, higher than the $898.7 million a day ago.