Peso closes at $1=P54.62

The Philippine peso strengthened to P54.62 against the US dollar on Wednesday, 18 January, an improvement from its P54.82 close the previous session.

Its strength showed early, starting the trade at P54.8 from the previous session’s P54.6 opening.

The local currency traded between P55.01 and P54.57, resulting in an average of P54.829.

Volume increased to $1.43 billion from the previous session’s $1.37 billion.

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