Peso closes at $1 = P55.45

The Philippine peso ended the trading day sideways on Wednesday, 7 December, at P55.45 against the US dollar from the previous day's P55.975.

It opened the day at P55.85 and traded between P55.85 and P55.45, resulting in an average of P55.611.

Volume reached $1.15 billion, higher than the previous day's $776.56 million.