MANILA, Philippines — The local currency hit a new record low of P62.86 against the greenback on Monday amid continued local demand for dollars.
The peso weakened by 18 centavos from the Friday’s record low of P62.68:$1.
It opened at P62.75:$1 and ranged from P62.75 to P62.875. Trading volume dropped to $969.22 million from $1.138 billion in the previous session.
