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P/$ rate closes at P48.80/$1

Business

P/$ rate closes at P48.80/$1

By MB Business

The peso closed lower at P48.80 to the US dollar Wednesday (June 30) from P48.50 the previous day. The weighted average rate depreciated to P48.704 from P48.544. Total volume amounted to $1.105. 55 billion according to the Bankers Association of the Philippines.

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