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P/$ rate closes at P48.725/$1

Business

P/$ rate closes at P48.725/$1

By MB Business

The peso closed lower at P48.725 to the US dollar Wednesday, (March 17) from P48.635 the previous day. The weighted average rate depreciated to P48.658 from P48.568. Total volume amounted to $793.7 million, according to the Bankers Association of the Philippines.

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