US Dollar

[StockEngine]

Its almost at a level similar to 5years ago. I wonder how the remittance will be like come payday.

XE High 45.86

[dreamur]

Good news!

[_Cathy_]

I remember ten years ago when it was around the 55 mark.

[StockEngine]

I remember ten years ago when it was around the 55 mark.

With 55 thats like a free car for some expats. Hopefully this year it breaches 47-50pesos.

[confused shoes]

Not a good news for importers.

[macsd]

Higher $ is good for OFW & their depents likewise for exporters & BPOs. Good for tourism.
It's bad news for imports, could hold gasoline prices to further go down and costly for foreign travel.

But what i don't damn understand is why is that the price of car keeps going up irregardless whether $ goes up or down. Unless the only logical explanation is taxes.

[c_cube]

Not a good news for importers.

Yeah..

[CVT]

Higher $ is good for OFW & their depents likewise for exporters & BPOs. Good for tourism.
It's bad news for imports, could hold gasoline prices to further go down and costly for foreign travel.

But what i don't damn understand is why is that the price of car keeps going up irregardless whether $ goes up or down. Unless the only logical explanation is taxes.

Sadly, it is, bro....

[StockEngine]

Higher $ is good for OFW & their depents likewise for exporters & BPOs. Good for tourism.
It's bad news for imports, could hold gasoline prices to further go down and costly for foreign travel.

But what i don't damn understand is why is that the price of car keeps going up irregardless whether $ goes up or down. Unless the only logical explanation is taxes.

Some Mux variants are priced nicely
So are suzukis and nissans. Also some mitsubishi is nicely priced. And the ecosports.

As for price increase, its relative to supply and demand. I mean look at the total car sales this year for the Philippines. We will exceed 300k by the end of the year. People are getting richer hence demand is increasing. Supply will be limited. Prices go higher. Same case for condos. A growing economy like ours will push prices higher.

Look at the scam victims. They are liquid in millions. Imagine how many cars they already have and what they can afford.

The AEC hopefully will enrich aseans more. Sana in the next 3-5years meron na effect sa Philippines.

[StockEngine]

XE HIGH 46.04

I wonder how the chinese yuan devaluation affects this...

[macsd]

XE HIGH 46.04

I wonder how the chinese yuan devaluation affects this...

I was about to ask this yesterday when i saw your post but hold until i figure out what the real numbers are. At any rate, my question is where are you getting your numbers as it seem your close to the trend. Last night $ was 45.93 from 45.70 when the time you posted this numbers.

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XE HIGH 46.04

I wonder how the chinese yuan devaluation affects this...

I was about to ask this yesterday when i saw your post but hold until i figure out what the real numbers are. At any rate, my question is where are you getting your numbers as it seem your close to the trend. Last night $ was 45.93 from 45.70 when the time you posted this numbers.

[NightRock]

Happy Days for me konting intay pa...pero nababa naman ang Stock Market

[macsd]

During my days in HK, no body would dare want to have a YUAN. Now it's dictating the regional currency.

Something is terribly wrong here How the hell can a country of fake dictate the real ones???

[boybi]

During my days in HK, no body would dare want to have a YUAN. Now it's dictating the regional currency.

Something is terribly wrong here How the hell can a country of fake dictate the real ones???

Because China is the factory of the world.

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During my days in HK, no body would dare want to have a YUAN. Now it's dictating the regional currency.

Something is terribly wrong here How the hell can a country of fake dictate the real ones???

Because China is the factory of the world.

[badkuk]

Cheap labor + iron fisted rule = cheap manufacturing.

Help me figure this out:
- Yuan devaluates, making Chinese products cheaper...but
- importers pay with USD, and USD is going up, making imports more expensive

What is the net effect on the import of goods?

[badkuk]

Huling bili ko was June...should have doubled down :p

[c_cube]

Huling bili ko was June...should have doubled down :p

Huling bili ko was a few weeks ago, 46.6. Nasa huli pagsisisi talaga haha

Sent from my Alcatel_7049D using Tapatalk

[vinj]

Huling bili ko was a few weeks ago, 46.6. Nasa huli pagsisisi talaga haha

Sent from my Alcatel_7049D using Tapatalk

I already bought up at 46.06. I'm still 1K short if what i require though. Good thing it's not an immediate requirement so i can watch a little.

Now i have to think about my raw mat importation costs as a bulk of the LCs are unhedged. We budgeted at 48.00 and now it's breaching.

[Monseratto]

50 to a dollar, here we come...

Philippine Peso Slides to 29 Low as Duterte Unnerves Investors - Bloomberg

The peso tumbled 0.5 percent to 48.245 per dollar as of 11:11 a.m. in Manila, according to Bankers Association of the Philippines data compiled by Bloomberg. It reached 48.260, the lowest since September 2009 and is Asia’s worst-performing currency in the past three months with a 2.7 percent drop.

[tidus1203]

As long as inflation is benign and growth is steady I see no problems even if USDPHP goes to 54.

But its impossible to think that going to 54 won't cause noticeable inflation given our crude is for the most part purely imported. So alam na, taas pamasahe, laborers push for higher wages, companies increase price to compensate and on and on and on...