The devaluation of yuan is causing the $ to rise. I wonder why?![]()
House of cards(US economy), hope it wont crashing down...their goverment is printing money like crazy(QE), still, im happy for our OFWs
All kababayan in the remittance center were all smiles while waiting for their turn to send money to their family.
I was able to send almost 6k pesos additional because of the strong dollar. Wifey will be glad to see her account.
Eventually, hihilain din ng higher domestic prices yan. So yung higher remittance, will be nothing.
Ayos yan para sa mga OFW bumaba ang Oil Price tapos tumaas ang palitan ng dollar.. Pero mag babago pa yan pag dating ne ber month since dami mag papadala ng dollar..
bumaba din ng 20 cents ang opening ngayon ng dollar to peso.
san kayo nagpapalit ng $? sa villarica +.30 lagisa BDO. Nagtanong ako sa bdo kung may special rate sila minimum $5k daw![]()
sa may robinsons ermita , ground floor nasa ilalim ng escalator. safe at mataas ang palitan dun. guess malayo ata sa location mo
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sa may robinsons ermita , ground floor nasa ilalim ng escalator. safe at mataas ang palitan dun. guess malayo ata sa location mo
Yes, diretso kayo sa bank managers or sa bank officers. Mababa kasi bili nila sa USD, instead na ipasok nila sa bank, hahanapan nila ng buyer para less trabaho sa kanila.
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- See more at: Peso hits new 5-year low on US, Japan data | Money | GMA News OnlinePeso hits new 5-year low on US, Japan data
August 17, 2015 7:05pm
The peso touched a new five-year low on Monday, after positive US data bolstered the dollar while the Japanese economic slowdown weighed on regional currencies.
The Philippine currency weakened by 11 centavos to 46.325:$1 from the previous close of 46.215. The greenback kept the peso subdued throughout the session, with the local currency posting an intraday best of 46.26.
"The US dollar appreciated further from last Friday’s positive data. The producer price index was reported to have increased by 0.2 percent in July. A separate report showed that industrial production in July was better than forecast," MetisEtrade Inc. analyst Cherica Vicente said.
The figures boosted expectations the US Federal Reserve would increase interest rates for the first time in almost a decade as early as September, according to a report by Agence France-Presse.
The contraction of the Japanese gross domestic product by 0.2 percent in the second quarter further weakened the peso, since Japan is one of the Philippines' major trading partners, Vicente said. – Keith Richard Mariano/VS, GMA News
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- See more at: http://www.gmanetwork.com/news/story/533286/money/peso-hits-new-5-year-low-on-us-japan-data#sthash.NsLmUWjN.dpufPeso hits new 5-year low on US, Japan data
August 17, 2015 7:05pm
The peso touched a new five-year low on Monday, after positive US data bolstered the dollar while the Japanese economic slowdown weighed on regional currencies.
The Philippine currency weakened by 11 centavos to 46.325:$1 from the previous close of 46.215. The greenback kept the peso subdued throughout the session, with the local currency posting an intraday best of 46.26.
"The US dollar appreciated further from last Friday’s positive data. The producer price index was reported to have increased by 0.2 percent in July. A separate report showed that industrial production in July was better than forecast," MetisEtrade Inc. analyst Cherica Vicente said.
The figures boosted expectations the US Federal Reserve would increase interest rates for the first time in almost a decade as early as September, according to a report by Agence France-Presse.
The contraction of the Japanese gross domestic product by 0.2 percent in the second quarter further weakened the peso, since Japan is one of the Philippines' major trading partners, Vicente said. – Keith Richard Mariano/VS, GMA News