P/$ rate closes at P47.98/$1

Business / Banking and Finance / P/$ rate closes at P47.98/$1

P/$ rate closes at P47.98/$1

Published May 6, 2021, 4:39 PM

The peso closed higher at P47.98 to the US dollar Thursday, (May 6) from P48.025 the previous day. The weighted average rate appreciated to P47.979 from P48.027. Total volume amounted to $978.05 million, according to the Bankers Association of the Philippines.

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