Peso closes at $1 = P55.745

The Philippine Peso ended the day stronger on Wednesday, 14 December, at P55.745 compared to its P55.9 close against the US dollar on Tuesday.

The local currency's weakness showed early when it opened the trade at P55.65 from P55.64 a day ago.

It traded between P55.85 and P55.60, resulting in an average of P55.701.

The greenback corrected lower on Wednesday by 0.155 or by 0.3 percent.

Volume reached $731.72 million on Wednesday, lower than the $1.12 billion the previous session.