Can you feel the effect of a "Strong Peso"?

**coolman** · November 2nd, 2007 11:04 PM

I always wondered about this, with the peso appreciating some 10% this year. how come the prices of new cars never goes down? on the contrary honda increased prices on most of their products. they should've gotten a lower landed cost. lower landed cost means lower taxes, which should translate to lower car prices. but obviously, that is not the case here. any comments on this ?

**chua_riwap** · November 2nd, 2007 11:12 PM

[SIZE="5"]Hindi![/SIZE]

Nababawasan pa suweldo ko.

**suv** · November 2nd, 2007 11:15 PM

Nasa tao pa rin yun kung paano i-budget ang kinikita nya.....

Napanuod ako TV may mga initerview nagrereklamo na mataas ang bilihin......kaso dami naman anak....alam na nga mataas ang bilihin tihaya pa ng tihaya :bwahaha:

Tapos yung iba nagrereklamo na mahal daw yung text.....Pero yung celphone namna N95!!! :hihihi:

Kakatawa din kasi sa atin marami minimum wage earner eh ang mamahal ng celphone.....naka-havaianas pa...... :hihihi:

So nasa atin din naman kung paano gagastusin ang pera despite na nagtataasan ang bilihin.....

**steadfast17** · November 2nd, 2007 11:25 PM

NO, lalo lang tumataas ang lahat ng basic goods.. parang lalong mas mahirap pa... mas maganda pa ata n weak ang peso para yung mga padala ng mga OFW mas mataas ang palit.. mas malaki ang panggastos nila...

strong peso ay may mga disavantages lalo n sa mga kumikita ng dollar and gumagastos ng peso, like OFW, which they send money here and ung mga exporter talo din cla... hayyyy...

**VtEC** · November 3rd, 2007 03:59 AM

randam na randam ko syemps.ikaw ba namang mabawasan ng sahod

kaya convert lahat ng $ to euro or wag magwiwidraw ng dollar.hayaan lang nyo sa account nyo.

**yuichi** · November 3rd, 2007 09:38 AM

Fuel prices could be higher but basic commodities/fares sana kahit pano wag nang tumaas. pandesal lang tumaas na naman ng 25 cents. while kaming ofw e luging lugi na masyado with the 10-15% decrease in salary. our remittances naman help tumataas din ang Peso.

**n5110** · November 3rd, 2007 10:06 AM

Originally Posted by VtEC

randam na randam ko syemps.ikaw ba namang mabawasan ng sahod

kaya convert lahat ng $ to euro or wag magwiwidraw ng dollar.hayaan lang nyo sa account nyo.

+1 .kung pwede nga lang wag mag withdraw..hehehe

**teeyoh** · November 3rd, 2007 10:16 AM

No.
Let me put this way: the real value of the peso has not changed as only the once mighty US dollar has weakened against all currencies, period.

**badsekktor** · November 3rd, 2007 10:40 AM

Originally Posted by teeyoh

No.
Let me put this way: the real value of the peso has not changed as only the once mighty US dollar has weakened against all currencies, period.

+ on this.

If you will check the exchange rate of peso vs other currencies, the peso depreciated. last january, 1 canadian dollar is around 40 php and now 1 canadian dollar is about 45 php.

masyado lang bumaba ang us dollar kaya akala natin lumalakas ang piso. kaya hindi nagbabago presyo ng bilihin dahil sa nag-aadjust sila ng price dahil sa paghina ng dollar. yan din ang dahilan kung bakit tumaas ang presyo ng langis

**torque2006** · November 3rd, 2007 10:55 AM

yup, i agree that the weakening dollar is pushing the peso upwards, but it is only a contributing factor. how can i say that? if you compare the peso appreciation with other currencies, hataw ang peso. this has been on the international news (bbc and cnn) since august pa.

what's helping the appreciation is: (1) increase in OFW inflows, (2) increase in new foreign direct investments (FDI), (3) depreciating dollar, (4) and the EVAT = which increased government expenditure and helped stabilize our interest rates.

if you look at the above the main driver is (1) and (4). The problem is this boom cannot be sustained because it is consumption driven. dapat yung pera na naiipon naten ngayon ay gamitin to fund the manufacturing sector (pero mahirap lumaban especially sa china) or the agricultural sector (mas may laban tayo dito) especially yung jathropa na pwede gawing biodiesel at maging self sufficient tayo sa rice, milk and other imported commodities. another opportunity is opening up our mineral resources to mining, as long as tututukan to para di hazardous sa environment.

mining at agriculture talaga ang magiging economic drivers naten in the next decade. kalimutan na naten ang manufacturing. wala tayong mapapala jan. mashado nang advanced ang ibang countries kesa saten. if you want proof punta kayo sa DOST - R&D. mas maganda pa ang lab ng lasalle at ateneo kesa sa gobyerno.

kung matitigil lang ang bangayan sa gobyerno, mas malinaw magiging direksyon naten.