[merged] Improving Peso-Dollar Exchange Rate

[moneywhiz]

the Peso strengthening to P52.50 was not due to the influx of OFW remittances....this is due to only one thing: better fiscal management of the government......

guys, better exchange your US dollars to Peso once the Vat is raised to 12% on february 1. i would never bet against the peso at this time.......dapat at least 90% ng cash ninyo ay Peso na ngayon......

of course the final decision would be yours to make

[Isuzoom]

dont listen to some politicians.

[niky]

It's been a good year for car sales in general. I think at least certain portions of the middle class are earning more, especially with foreign-sourced jobs and foreign companies setting up shop in the Philippines.

One good effect of the strong peso is, as mentioned, the sense of returning stability it gives investors. And foreign money coming in is always good.

Mahirap nga sa mga ibang tao, but if you play your cards right, marami ding opportunities, whether here or as an OFW.

[jvm13]

i think the real gauge for an improving economy is not in the stock market or the peso-dollar exchange rate.. The real gauge is in the REAL ECONOMY, meaning the imrovement of the lives of those in the lower classes. We shouldnt forget that there are still the majority of people in our country who cant even afford to eat three times a day..i think that this is where we should gauge if whether or not our economy is improving..the cost of living here is too high when we look at the point of how much majority of the filipino people earn per day..

[creepy]

i think the real gauge for an improving economy is not in the stock market or the peso-dollar exchange rate.. The real gauge is in the REAL ECONOMY, meaning the imrovement of the lives of those in the lower classes. We shouldnt forget that there are still the majority of people in our country who cant even afford to eat three times a day..i think that this is where we should gauge if whether or not our economy is improving..the cost of living here is too high when we look at the point of how much majority of the filipino people earn per day..

You're right. Unfortunately, the short-sighted always use the peso-dollar rate as the measure of how the country is doing. How many times have you heard something like this: "Palpak talaga si President (whoever), noong 19xx, yung peso-dollar ganyan lang, ngayon ganyan na." Ang mentality kasi, kung mahina ang peso, ibig sabihin bumabagsak daw ang economy; kung malakas naman ang peso, maganda daw ang economy.

The real problem is cost of living. The weakest link in our economy that should be fixed first is agriculture because food prices are high here. If food becomes plentiful and cheap, then wages will be enough so that people won't go hungry.

[van_wilder]

filipinos analyst are quite pessimistic... hehehe... they base their predictions about past trends lang... they should read time magazine, newsweek, and observe in the real trading market (not stocks ah... import export manufacturing business ibig sabihin)... although marami pa rin imports, slowly tayo nagiging independent, kasi dumadami na ang local alternatives na same quality or even better tapos lower price pa... from wood floorings to steel, from clothing to personal goods... may local brands of whey protein na nga na pwede makipagcompete with the top nutrition brands sa US...

[jds]

Inspite of the reports of improving peso-dollar exchange, prices of certain goods that I bought during the first few days of January 2006 increase by 5% - 20%.

[RafRaf]

Aside from saving dollars in the bank (such as time deposit) try to invest some in dollar funds... one way of making your dollars work for you... and for the economy!

[NightRock]

Up ko lang Peso is getting Stronger... malapit na sa 51

[niky]

Hmmm... at 52 flat now because of investor confidence and the final implementation of E-VAT. Let's see how far the momentum can take it. Right about now, I think it'll hover at 52-52.5 for a while.

[BlueBimmer]

looks like it'll be entering the less than 52 mark soon..shouldve sold my dollars last year

[falken]

It just breached P51 a while ago.

[JohnM]

Binabatukan nga ako ng nanay ko dahil gusto ko nang sumali sa mga rally hehe. Dollar kasi sweldo namin

[erict]

Binabatukan nga ako ng nanay ko dahil gusto ko nang sumali sa mga rally hehe. Dollar kasi sweldo namin

pareho tayo! dollar din sa amin...ang baba ng exchange ngayon.

mabuti na lang may friend ako sa Singapore na kumuha sa akin ng 54.hehehe...

[JohnM]

pareho tayo! dollar din sa amin...ang baba ng exchange ngayon.

mabuti na lang may friend ako sa Singapore na kumuha sa akin ng 54.hehehe...

Pwede ba maging friend ko rin sya

Nga pala converted to peso na rin bago ibigay sa amin. Walang lusot

Sana habang bumababa ang dollar bababa rin ang price ng goods.

[falken]

Binabatukan nga ako ng nanay ko dahil gusto ko nang sumali sa mga rally hehe. Dollar kasi sweldo namin

Kawawa ngayon ang mga OFWs and exporters.
Ang pinagtataka ko pa ay parang lalong tumataas ang mga bilihin.

[mackvil]

Kawawa ngayon ang mga OFWs and exporters.
Ang pinagtataka ko pa ay parang lalong tumataas ang mga bilihin.

because of 12% EVAT?

maganda effect nyan sa prices ng imported products....

[niky]

EVAT. Plus you won't feel prices for imported goods going down for a long while yet, because of remaindered stocks.

This means though, that they won't go up for a while after this.

[van_wilder]

hindi na baba ang price ng goods since aakyat ang demand naman... nakakatawa yun mga financial analyst sa pinas, sabi nila by january babalik na sa 56, tapos ngayon sabi nila magstay na lang daw sa 52... they cant predict hahahaha...

did you know that experts are not really experts, in a study conducted in the us, the rate of the predictions coming to effect of the experts and non-experts are the same... hehehehe

[NightRock]

lugi talaga mga ofw bwas kita na tapos ganon pa rin gastos hindi na baba ang presyo...tipid nalang talaga muna dapat