The Philippine peso: Strongest currency in Asia! GOOD NEWS

[Rance]

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Good news indeed!

[baron]

The Philippine peso continues to climb as it breached the P48 per dollar mark at P47.95 a few days ago. I wouldn't be surprised if the peso continues to strengthen these days. In as much as the stock market continues to be bullish, the appreciation of the peso is due to an improving economy coupled with bigger remittances of our OFWs.

It's good that the upcoming election does not adversely affect the strength of the peso and the stock market. Maybe we can commend our economic team for ensuring economic stability.

[baron]

^ I think I have to add this important information: The peso reached a new six- year high at P47.71, beating that P47.95 per dollar I posted yesterday.

Oh well, it seems the peso continues to surge which is definitely in our favor.

[duke pikaso]

strong jud!! daghan gud nag apas ana na mga kurakot sa gobyerno! number one gud ta sa graft and corruption, wat wud u expect!!!

[Rance]

wtf? it falls up to 45 a dollar?

[jong_ece]

let's see the long-term of this vat thing. if we reduce our foreign debts (assuming same amount ang kurakoton), we can do more for social services. we mayn't see that now. ang luoy lang ani would be our export sector coz they have to compete with the dollar. dollar man ang exchange. imports would be relatively lowered na.

[jong_ece]

just my two cents ha.

[cebutech]

Good news? for a few. Bad news for most Export Processing Zone companies.
Sign of improving economy? Definitely NOT.

2 reasons that explain the "strong" peso:
Increasing # of OFWs sending money to this country
Enrollment period, hence the inrush of remittances

[jeff0]

I think our peso will get stronger if only if our government politics will change and ang mga kurakot/kawatan nga mga officials aplilon unta sa mga vigelantes...

[Mr.Ho_chia]

better. Mayunta magcge pani