The Philippine peso finished Friday on a four-year high against the greenback while the main equities index posted a new eight-month high as investors took note of a possible Biden win in the US.
The local currency finished the week at 48.22, better than its 48.31 close on Thursday.
This is the highest for the peso since it closed at 48.19 on Oct. 24, 2016, Rizal Commercial Banking Corp. (RCBC) chief economist Michael Ricafort said.