MANILA, Philippines — The local currency staged a strong recovery on Thursday, appreciating by more than half a peso against the US dollar to close at P62:$1.
The peso strengthened by 56.5 centavos to close at P62.97 from the previous P63.535:$1.
This is the strongest close since October 14.
The peso opened at P63.333 and traded between P62.9 and P63.35:$1. The volume surged to $2.005 billion, markedly up from the previous $1.324 billion.
