[merged] Improving Peso-Dollar Exchange Rate

[Mguy]

its a combination of things actually:

OFW remittance, E-VAT law, no political noises, booming business sector (as mazda2 said).

I beg to disagree that this is all caused by the OFW remittances only. The peso began to go up starting October, long before hot money started to come in. In addition, historically, the dollar didn't always drop this dramatically during the Christmas season.

The former central bank chief said that the peso should be valued around P45 to a dollar but political instabilty and fiscal deficits brings the peso down. I tend to agree on him with this.

As for the column of Esposo, again, that is the media bringing in the bad news. Instead of being optimistic, he rather be pessimistic and blame somebody for their problems.

[mazdamazda]

In addition, historically, the dollar didn't always drop this dramatically during the Christmas season.

Good observation there! Was also able to observe that it is always late in the year that the peso weakens against the dollar. This year was the exception.

[creepy]

its a combination of things actually:

OFW remittance, E-VAT law, no political noises, booming business sector (as mazda2 said).

I beg to disagree that this is all caused by the OFW remittances only. The peso began to go up starting October, long before hot money started to come in. In addition, historically, the dollar didn't always drop this dramatically during the Christmas season.

Exactly! This Esposo guy should check if the US$/PHP rate behaved that way the past years before making such uninformed statements.

The former central bank chief said that the peso should be valued around P45 to a dollar but political instabilty and fiscal deficits brings the peso down. I tend to agree on him with this.

As for the column of Esposo, again, that is the media bringing in the bad news. Instead of being optimistic, he rather be pessimistic and blame somebody for their problems.

I could not agree more. I am pleasantly surprised that a lot of people recognize the irresponsible behavior of many members of the Philippine media. Let's hope they themselves realize it.

[raikkah]

Hindi ko alam kung observation lang namin... pero pag nag-election,,, talagang bumababa ang halaga ng dollar....

why? eh yung mga overseas account(swiss account) ng mga politiko eh dumadagsa dito para sa gastusin nila sa election.

At kung sa tingin nyo maganda ang idudulot nyan sa economy ng bansa tingan nyo ang ibang point of view.

1. Electronics companies earn dollars and pay in pesos for the salary of the Filipino engineers... So yung kita nila liliit... parang hindi na atractive sa mga foreign investor na mag invest dito.
2. Yung OFW na nagpadala ng mga dollars eh, hihina ang kita nila... Manpower is the biggest export of the philippines..


At sabihin man nating tumataas ang presyo ng Peso, pero ano pa rin ang mabibili mo sa Piso... Candy.... lahat ng bilihin ay nag tataasan...
magkano gasolina, magkano ang isang jollymeal??

[boybi]

Malaki ba ang tinaas ng fuel sa world market at hindi kayang i-absorb ng peso appreciation? Nagtaas na naman prices ng fuel dito.

[BlueBimmer]

40.xx nanaman unleaded kanina..diesel 35...

[oldblue]

mahirap na talaga malaman kung ano ang tama

pero napakasarap lang isipin na ang pinapatalo ko sa las vegas noon
sa slot machine is P 26.00 lang per 1$. kaysa ngaun na P45 hehehe

[van_wilder]

Hindi ko alam kung observation lang namin... pero pag nag-election,,, talagang bumababa ang halaga ng dollar....

historical data tells us that during elections, the peso depreciates.

[boybi]

historical data tells us that during elections, the peso depreciates.

The Peso actually appreciated the last 2 elections.

[jeffrocks]

kaya nga MEDIA ang tawag sa kanila, KALAHATI tama KALAHATI mali,pero minsan sumusubra sila sa Y MEDIA :nono:

[FedEx]

alam nyo guys what bothers me is improving nga ang rate ng dollar sa peso pero bakit ganito pa din walang pagbaba sa mga presyo ng bilihin tulad ng gasulina dba

[TJMaxx]

Hindi bumababa presyo ng gasolina dahil:
1. Mga walanghiyang mga Americano ay mahilig pa rin bumili at gumamit ng
gas guzzler cars.
2. Dumadami ang nagkakaroon ng kotse sa China (World's most Populous)
3. Dumarami ang gumagamit ng kotse sa India (World's 2nd most populous)
4. Sumisikip ang refining capacities ng mga refineries all over the world. Refining capacity can't keep up with demand.
5. OPEC has gotten wise and plays the supply-demand situation masterfully
to its advantage.
6. Take out Nigeria and Iraq out of the list of major oil suppliers.

So if you're still secretly hoping that pump prices will return to the below P30.00 level or the around P20 level 10 years ago, you have lost your
senses.

Gas at these high price levels will also have a benefit as it would now be more economically viable to research and develop alternative fuel sources. Its about time the world moves away from fossil fuels.
level,

[jeffrocks]

Speaking of fuels; most taxi cab[yellow]in N.Y.used hybrid cars now and the U.S. fed gov't is supporting/implementing sa bio gas galing daw sa corn ang iba.

[FedEx]

Hindi bumababa presyo ng gasolina dahil:
1. Mga walanghiyang mga Americano ay mahilig pa rin bumili at gumamit ng
gas guzzler cars.
2. Dumadami ang nagkakaroon ng kotse sa China (World's most Populous)
3. Dumarami ang gumagamit ng kotse sa India (World's 2nd most populous)
4. Sumisikip ang refining capacities ng mga refineries all over the world. Refining capacity can't keep up with demand.
5. OPEC has gotten wise and plays the supply-demand situation masterfully
to its advantage.
6. Take out Nigeria and Iraq out of the list of major oil suppliers.

So if you're still secretly hoping that pump prices will return to the below P30.00 level or the around P20 level 10 years ago, you have lost your
senses.

Gas at these high price levels will also have a benefit as it would now be more economically viable to research and develop alternative fuel sources. Its about time the world moves away from fossil fuels.
level,

sorry ang pag kaintindi ko is if one barrel is example 10 usd so that is 560 php before and sa rate ngayon 10usd = 458 php hindi po ba ang 560 at 458 ay may difference? so saan napupunta ung difference bakit di nila ibaba ang price ;)

[jim]

not good for my dollar account tsk tsk tsk pero for the greater good, it's nice to see that the peso is strengthening

[mrpink]

i just hope we can sustain this .. and somehow whatever gain we get out of this is translated to more jobs, better government services, etc .. ang huwag sana mangyari eh yung gains eh biglang mapunta sa bulsa ng politiko ..

[Isuzoom]

Simple supply and demand lang. No need to tell the the country all of these because of Gloria Macapagal Arroyo efforts. She can't even handle her Home economics.

[mazdamazda]

why do people always give political color to the things happening here?

try reading the business section instead of the front pages. instead of being always pro or anti GMA / governement we should already look beyond that if we want to grow up.

[mfo]

why do people always give political color to the things happening here?

try reading the business section instead of the front pages. instead of being always pro or anti GMA / governement we should already look beyond that if we want to grow up.

Correct ka ulit Dyn

[Isuzoom]

why do people always give political color to the things happening here?

try reading the business section instead of the front pages. instead of being always pro or anti GMA / governement we should already look beyond that if we want to grow up.

Yes read the business section, stock markets etc..and they will tell you what is in the front page or headline.