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  1. Join Date
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    #171
    Quote Originally Posted by Wh1stl3r View Post
    Manlibre ka naman sa aming mga Php earners bro. My friend who's earning in SGD is also raking it in. PHP 39.54/SGD. When he started IIRC it was PHP 32.xx/SGD. Whew! Inflation, here we come.
    Hehe...PHP earner din ako bro. It is more from the personal dollar investments that I started 2 years ago during Pnoy's admin. Biro mo 40'ish pa nun ngayon 52 na! Philippine Economy TalkPhilippine Economy Talk

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  2. Join Date
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    #172
    Quote Originally Posted by dreamur View Post
    Hehe...PHP earner din ako bro. It is more from the personal dollar investments that I started 2 years ago during Pnoy's admin. Biro mo 40'ish pa nun ngayon 52 na! Philippine Economy TalkPhilippine Economy Talk

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    Buti ka pa. I have maybe 1k in USD. May trip pa naman kami sa US this year. Mukhang Kmart at Dollar stores ang bagsak namin nito.

    IIRC the Euro was at PHP 51-52 when we were in Europe in 2012. Ngayon USD na lang mabibili ng PHP 52.

    Might be coincidence, but during Pnoy's time we didn't have a single price increase. We actually had to reduce prices once or twice.

  3. Join Date
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    #173
    during Aquino's term (2010 to 2016) US Fed interest rates were at zero



    the financial crisis started in 2007

    by Dec 2008 the US central bank had cut interest rates to zero and went on a bond buying program (money printing)

    that caused the value of the dollar to drop

    that's why the peso was strong during Aquino's term



    Aquino had very little or nothing to do with peso strength during his term

    nagkataon lang his term happened during the time when the US central bank was printing dollars to infinity
    Last edited by uls; March 7th, 2018 at 06:43 PM.

  4. Join Date
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    #174
    and during the time when the Fed was printing dollars to infinity

    all that money had to go somewhere

    so money flowed to emerging markets like the Phils.




    naturally the Aquino admin took credit for it

  5. Join Date
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    #175
    Quote Originally Posted by Wh1stl3r View Post
    Buti ka pa. I have maybe 1k in USD. May trip pa naman kami sa US this year. Mukhang Kmart at Dollar stores ang bagsak namin nito.

    IIRC the Euro was at PHP 51-52 when we were in Europe in 2012. Ngayon USD na lang mabibili ng PHP 52.

    Might be coincidence, but during Pnoy's time we didn't have a single price increase. We actually had to reduce prices once or twice.
    Yup...palpak talaga ung abnoy na un :D

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  6. Join Date
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    #176
    Quote Originally Posted by uls View Post
    and during the time when the Fed was printing dollars to infinity

    all that money had to go somewhere

    so money flowed to emerging markets like the Phils.




    naturally the Aquino admin took credit for it
    You conveniently left out the dollars brought in by the manufacturing sectors, BPO industries and the OFWs. Whatever fits your narrative.

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  7. Join Date
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    #177
    Quote Originally Posted by dreamur View Post
    You conveniently left out the dollars brought in by the manufacturing sectors, BPO industries and the OFWs. Whatever fits your narrative.

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    all those dollar earners you mentioned

    they are ALL still bringing in dollars NOW aren't they?

    they're bring in more dollars than ever

    so explain why USDPHP is 52

  8. Join Date
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    #178
    Nakalibre na naman ako ng economy lesson kay uls. ☺

    I'm sure there are other factors also at play, but it seems hot money flows don't necessarily follow changes to the Fed's rate.

    In the Fed rate chart it was high in 2007 compared to 2009 yet the Peso was at about the same level in those 2 years.

    Of concern right now is capital flight from existing investors pulling out like Daikin citing frequent policy changes and other MNCs putting up shop in other countries instead of here, like the one dreamur posted.

    That can't be good for the PHP.

  9. Join Date
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    #179
    Quote Originally Posted by uls View Post
    all those dollar earners you mentioned

    they are ALL still bringing in dollars NOW aren't they?

    they're bring in more dollars than ever

    so explain why USDPHP is 52
    Not at the same level that they used to plus the pull out of the dollars because of unstable policies of this administration. You do not want to credit pnoy for the dollar inflows and you will not blame your president for the drop in the dollar reserves?

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  10. Join Date
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    #180
    My question is economically, are we better right now or pareho lang during Pnoy's? Alisin na natin yun outside factors. Ok, swerte si pnoy, malas si duts dahil sa Timing. How about yun financial teams nila?




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Philippine Economy Talk