Regarding US$ vs. PhPeso exchange rate.

[O!lman]

Last year the exchange rate was PhP 56.25 per US$, Bakit kaya hindi nababa ang presyo ng sasakyan natin. I have US$ kept in the bank for the purpose of buying a family SUV this year, but i just pospone it for the moment dahil talo talaga. If we will do our simple mathematics, vehicle prices should drop by at least 14% vis a vis w/ the present current exchange rate.

[mazdamazda]

Well... hindi lang naman exchange rate naka depend ang vehicle price... malaking factor din ang tariffs & tax-breaks.

For example, Hyundai's SUVs are priced very competitively against the competition. Philippine made SUVs (Tribute & Escape) are also priced lower than their counterparts.

[Mguy]

It is easy to justify price increase due to peso devaluation or rising prices of oil, but not for price decrease. They always find another reason not to lower prices even if the real reason is max profits.

[Tacoma_34]

what a shame. dapat bumaba na rin ang gas prices.

[gonzo]

So having a higher peso to dollar exchange rate 56/1$ benifits the masa? having millions of OFW abroad by simple math you can say bumaba ang mga sweldo nila because of low exchange rate ngayon? Just a thought ...

[O!lman]

Wla akong makitang benefits ang improved Exchange rate sa Pinas. Ganun pa rin prices ng commodities.The fact is, i'm losing almost Php8/$ sa sweldo ko. hehehe...mukhang talo din yata ang mga exporters natin.

[gts]

happy importers

[docgorio]

Wla akong makitang benefits ang improved Exchange rate sa Pinas. Ganun pa rin prices ng commodities.The fact is, i'm losing almost Php8/$ sa sweldo ko. hehehe...mukhang talo din yata ang mga exporters natin.

I wholly agree... Ang mga OFW ngayon ang talong talo sa current surge of the PhP...

Or is it the drop of the USD??? If you look at the exchange rates of the USD against the other currencies especially the Euro, it's dropping like a rock...

That's why I don't believe that the Philippine economy is improving....

[gonzo]

i'm losing almost Php8/$ sa sweldo ko.

2X to this! mas mabuti pa ang time ni erap masaya ang mga OFW ang taas ng exchange rate..

[shadow]

Last year the exchange rate was PhP 56.25 per US$, Bakit kaya hindi nababa ang presyo ng sasakyan natin. I have US$ kept in the bank for the purpose of buying a family SUV this year, but i just pospone it for the moment dahil talo talaga. If we will do our simple mathematics, vehicle prices should drop by at least 14% vis a vis w/ the present current exchange rate.

4 words

you're in the Philippines!

2X to this! mas mabuti pa ang time ni erap masaya ang mga OFW ang taas ng exchange rate..

ironic noh? actually mga OFW ang one factors kung bakit bumaba ang exchange rates through their remittances...hehhee

[Horsepower]

Given this predicament, would it be safer to store your money in Euro currency?

[niky]

Given this predicament, would it be safer to store your money in Euro currency?

Better Canadian or Australian Dollars, maybe... ...the way things are going in Europe, I wouldn't count on the Euro staying stable over the next two years... but it's more stable than the dollar.

Interesting graph:

[mayhem]

malaki ang inflation rate ng USD ngaun. with regards to on which currency ka mag invest. to what i thinjk Euro is much much better considering mas stable na sya sa dollar ngaun.

here in Kuwait finance ministers are blaming each other ngaun dahil isinunud nila sa dollar and exchange rate ng dinar dati, pati mga gulf countries eh nagrereklamo na dahil sa inflation rate ng USD. they are now discussing to change it in Euro dahil mas stable.

mantakin nyo naman in a years time from last years exchange rate ng dinar to peso is 192 pesos ngaun 166 na lang.

[oldblue]

yun mga regulated products like cars hindi bumaba kasi lumalaki tax. pero yun mga digicams sa hidalgo, computer parts, and others na nabibili sa tiangge ang laki ng baba. mababa na nga sticker price, puwede mo pa tawaran hehehe.

[m_ron]

Wait til Sec Bernenke raise the US interest rates and you will see value of dollars goes up.Your money should be against US dollars.

[Sheep]

[QUOTE=Tacoma_34;752193]what a shame. dapat bumaba na rin ang gas prices.[/QUOTE


thats a different commodity and its out of topic !

no disrespect

[rdecruze]

4 words

you're in the Philippines!



ironic noh? actually mga OFW ang one factors kung bakit bumaba ang exchange rates through their remittances...hehhee

100% true....and blame it to our present leader, she's unstoppable...mukhang na challenge sa ingay nating resign movement..hehe

[van_wilder]

2004-2005

usd$1 = P56
oil = usd$40

so ang retail gas sa stations ay around P35

2006-2007

usd$1 = P48
oil = usd$60

gas sa stations... = P35

dapat masmahal ang gas ngayon. pero hindi...

---------------------------

ofw would one factor, pero biggest factor would be the fiscal policies by GMA one manifestation would be the stockmarket, before avg daily value is P250-350M, today its P3B to P5B and on a good day P7B+ better than ramos days, and we are few points before breaking the all-time high...

we dont have IMF debts na rin, all of our debts are slowly being consolidated into low-interest 10yr and 25yr bonds...

-------------------------
re: interest rates, i dont think so, we are very far pa. BSP is regulating the dollar, back when it was P51 our real value is P47.50 nakontrol lang ng BSP para hindi tumaas inflation, slowly nila ubuhos ang dollar this year and next year, short-term target for the dollar is 47.37, once mabutas resistance na ito it would go straight to 45 then 42... expect P38 a dollar before 2010...

[Airwalk]

^ wow, these are straight facts i dont get to find out everyday. nice one van_wilder.

[Tacoma_34]

Does this mean that the US is going down?
The Philippines is going downer..