Peso closes at $1 = P54.54

The Philippine peso on Monday, 23 January, started the week sideways at P54.54 against the US dollar from its P54.54 close last Friday.

The local currency maintained its strength versus the greenback on Monday’s closing after it opened the day at P54.4.

It also traded between P54.6 and P54.3.

The average for the day stood at P54.388.

Volume reached $1.24 billion, higher than the previous session’s $1.05 billion.

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