The Philippine peso weakened to ₱64 per U.S. dollar on Tuesday, Oct. 27, hitting the level during morning trading as the local currency continued its decline.

The peso opened at ₱63.95 per dollar and reached ₱64 as of 11:05 a.m., according to the website of the Bankers Association of the Philippines. Its intraday low stood at ₱63.93.

The local currency closed at a record low of ₱63.95 per dollar on Monday.