[merged] Improving Peso-Dollar Exchange Rate

[akoyon]

yup i agree 100% mazdamazda

[Mguy]

Tama si Isuzoom on one thing.

E-VAT reduces foreign borrowings, thus lowering the demand for dollars.

I do have praises on the economic team of GMA. Teves and Favila are doing a great job in spite of pessimistic people.

[gearspeed]

May napanood ako sa news tungkol dito sabi nga nun dahil sa OFW ito hindi rin maganda yun kase ibig sabihin marami ang nagOOFW instead na magtrabaho dito.
Sana magimprove na ang economy para hindi kami mag U.S...

[fourtheboys96]

kung anu man reason ng malakas na peso eh sana naman may effect ito sa pagbaba ng presyo ng gasolina considering other factors like lowering of the crude oil prices in the world market and the decrease in the demand for oil products from the temperate countries in the coming months (spring to summer).

[basti08]

with the implementation of EVAT... our peso will recover.
nakita naman natin yung effect nung last quarter dba. well just have to wait and see, if its as good this year. but im positive, our country will recover.

[niky]

While OFW remittances do play a part in all of this, I do agree with mazdamazda... the peso-dollar rate started improving as soon as the E-VAT law was put into effect. This is one reform that foreign fund managers have been asking for, and it definitely does improve the fiscal position of the government.

Despite the war in Iraq, the Dollar is still a stable currency. The fact that the Philippine Peso is gaining more ground against the Dollar than OTHER currencies (some of which are losing ground) is bigger news than the fact that it is gaining ground at all.

With the improving peso-dollar exchange, there is hope that our debt will ease. If we can get to the point Brazil is at now (the ability to pay off debt), then I will be very happy.

The downsides. People feel the crunch of gasoline prices and E-VAT. What does this mean? They spend less. This has been the least crowded holiday season at the malls in recent memory. I was dumbfounded by the fact that I could actually park at the malls, and that I didn't have to stay in line for very long. Word is, everyone was at Divisoria.

The fact that more and more Filipinos are becoming cost conscious merely increases the strength of the peso. People may be pessimistic about things with the rising prices, but a stable peso means that those rising prices aren't going to move as quickly as they used to.

One big downer is for business people who find that less and less people buy their goods. Sad fact is, this economic "recovery" is very bad for a number of businesses. But as we are in the business of education, my corporation isn't badly hit. In fact, we don't even feel it.

I do hope, though, that if the peso is strong enough to gain more ground, the government will cap it at 50. I think that's a strong enough psychological support level... one that people were talking of before the peso fell through the floor a couple of years back.

[van_wilder]

The fact that more and more Filipinos are becoming cost conscious merely increases the strength of the peso. People may be pessimistic about things with the rising prices, but a stable peso means that those rising prices aren't going to move as quickly as they used to.

if people dont spend... there would be no economy at all... there would be no market, therefore no more business... which means no jobs... then paktay tayong lahat...

this is just my observation: i think people are more spending nowadays... more flagship stores from luxury brands, there are more parking spaces sa malls kasi people dont window shop that much na, they buy things then get out of the mall... then spend the rest of the day working (for more money) or somewhere else...

for me, ang indicator ko ng pagangat ng ekonomiya ay ang spending habits ng mga tao. if less percentage of their income ang ginagamit sa basic necessities - particularly food - then ibig sabihin nun, tumataas ang economy.

from my house to the fort area, i saw a porsche gt3, a carrera, a hummer, lots of s-class, 5series and 7series... and when nagpark ako sa grocery... may ka linya ako na celica, lumang ferrari, and bmw 6series... which means... philippines is starting to become a REAL market of exotic cars...

i dunno if afford na ng mga pinoy ang mga ganitong auto or talagang yumayaman lang lalo ang mayayaman...

[BlueBimmer]

hmm so this means it is time to unload dollars kahit palugi...

[jeanpierre]

hmm so this means it is time to unload dollars kahit palugi...

Time deposit ang ginawa ko noong medyo mataas pa ang rate (4%) for 6 months kesa unload ko. Sabi kasi babalik daw hanggang 54 by Feb or March.
Dahil sa exchange rate, nabawasan tuloy suweldo from 300K he..he..he

[RafRaf]

Time deposit ang ginawa ko noong medyo mataas pa ang rate (4%) for 6 months kesa unload ko. Sabi kasi babalik daw hanggang 54 by Feb or March.
Dahil sa exchange rate, nabawasan tuloy suweldo from 300K he..he..he

300K sweldo!!! nak ng... only in my wildest dreams will I ever be able to get that kind of pay!

[jeanpierre]

300K sweldo!!! nak ng... only in my wildest dreams will I ever be able to get that kind of pay!

Even myself can't believe it when I saw the offer. Swerte ko lang siguro d're Medyo maganda talaga ang bigayan sa oilfield jobs. Pag graduate ko sa college, kuha exam then layas na sa pinas para makabawi sa expenses..he..he.he. Kaya pag bumaba ang dollar, bawas din ang sweldo naming mga OFW.

[mrpink]

hay .. i hope the gov't doesn't f*k this one up .. go peso !!

====
THE PESO rallied further to 52.37 to the dollar during trading Wednesday before closing at a new three-year high of 52.425 to the greenback on strong regional currency markets and rosy prospects on government's finances, traders said.

The peso may break into the 51-to-the-dollar level once the government delivers the projected revenues from an increase of two percentage points in value-added tax (VAT) rate starting February, said Jose Emmanuel Hilado, president of foreign exchange association ACI Philippines.

[NightRock]

Time deposit ang ginawa ko noong medyo mataas pa ang rate (4%) for 6 months kesa unload ko. Sabi kasi babalik daw hanggang 54 by Feb or March.
Dahil sa exchange rate, nabawasan tuloy suweldo from 300K he..he..he

Wow laki ng sweldo mo hehehe ako Oil Co. din sana mag kasing laki tayo ng sweldo... Si Yebo siguro ganyan din kalaki sweldo??? barya lang pala sa inyo salary ko nakaka hiya tuloy sabihin magkano sweldo ko!!!!!

[jeanpierre]

Wow laki ng sweldo mo hehehe ako Oil Co. din sana mag kasing laki tayo ng sweldo... Si Yebo siguro ganyan din kalaki sweldo??? barya lang pala sa inyo salary ko nakaka hiya tuloy sabihin magkano sweldo ko!!!!!

Dadating ka rin dyan night rock.Unique ang trabaho natin. Di kapareho yan ng ibang work na maski sino can join. Sa oilfield, maski experienced ka pa pero walang experience sa oilfield work, di ka basta-basta matatangap. I was just lucky kasi when I joined my first oilfield company, may opening sila as a trainee. We were over 200 people screened sa pinas to take the series of exams and interviews and only 5 of us passed sa mechanical and 5 sa electrical all with phil.license pa. Doon na nag umpisa ang lahat. Mayroon akong alam na pinoy who works for Petronas getting $700/day with 28/28 rotation din. Yon ang mas masuwerte. Kamag anak raw ni Ramos eh.

[FPJ]

Time deposit ang ginawa ko noong medyo mataas pa ang rate (4%) for 6 months kesa unload ko. Sabi kasi babalik daw hanggang 54 by Feb or March.
Dahil sa exchange rate, nabawasan tuloy suweldo from 300K he..he..he

Masyado ka ding humble nuh! May lahi ka palang compressor!

[jeanpierre]

Masyado ka ding humble nuh! May lahi ka palang compressor!

Compressor? :bwahaha: Pasensya na sweti-swerti lang yan d're

[RafRaf]

hmm so this means it is time to unload dollars kahit palugi...

Nonono... invest the dollars... para lumago. Especially now na mababa. Wise to invest it then it will return higher tapos if tumaas ulit back to P54=$1 then lalo pa lumaki pera mo.

We invested in Banco de Oro's Smart Money Dollar Fund... mind you it payed back bigger than if we had placed it in time deposit.

If you are weary of risk then partly invest in fund and partly put in a time deposit.

I'm no expert... just sharing my experience which benefitted me and my family well.

[delprado]

hmm so this means it is time to unload dollars kahit palugi...

No Sir, keep your dollar pa rin. Based from what i have noticed.....pag December talagang bumababa ang rate nung usd against peso...dahil nga sa lakas nung supply nung dollar from OFWs and normallypag malapit na election tumataas na uli yong usd rate against peso... take note 2007 election is just around the corner.... sa tingin ko by 3rd quarter of this year bababa yan sa 58 to 60 php per 1 usd yong rate.... opinion ko lang po to pero i was been noticing this kind of pattern for quite sometime...

short term, cguro okey lang mag tago nung php but long term... i dont think so... kelan ba bumawi ang peso against dollar.... and besides its not healthy for the economy para tumaas yong rate against dollar.... the best thing that the govt should do is to stabilize the peso dollar rate para umangat yong confidence level nung mga investors na magnenegosyo sa pilipinas...

[moneywhiz]

[QUOTE=delprado]No Sir, keep your dollar pa rin. Based from what i have noticed.....pag December talagang bumababa ang rate nung usd against peso...dahil nga sa lakas nung supply nung dollar from OFWs and normallypag malapit na election tumataas na uli yong usd rate against peso... take note 2007 election is just around the corner.... sa tingin ko by 3rd quarter of this year bababa yan sa 58 to 60 php per 1 usd yong rate.... opinion ko lang po to pero i was been noticing this kind of pattern for quite sometime...
[QUOTE]

what??? P58 to P60 php per 1 usd by 3rd quarter? good luck pare

i stick to my forecast of P51 by 3rd quarter barring any political chaos

[mrpink]

sana maging mas mura ang presyo ng tsikot .. hehe ..