The Philippine peso: Strongest currency in Asia! GOOD NEWS

[krayziebone]

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my nlang.................

[abayerds]

Do not totally place a negative mark on your head about our country.

The Philippines is a newly industrialzed country, developing pa ta. Lets just make our part para mu asenso atong nasud. Wagtangon ta na ang crab mentality.!!!

[dcuenco]

What i dont understand is, the peso depreciated before when the philippine economy took a nose dive. Now that the U.S. economy is the one that is declining, it is still the peso that has depreciated. Lagi na lang tayo? If the U.S. economy is falling, their currency should also fall. Where is the logic in this?

[iCeSuRgE]

I'm not against the administration nor the opposition but the fact nga mag-sige nalang silag reklamo sa mga bati, pwede igahin nalang ang panahon kung unsaon nila nga makakuha sila ug win-win solution sa mga problema. For the government in general, take some time to pat your backs about the good deeds that you did. I'm sure stressed mo mao nang init inyong mga ulo pirmi. If there's what we call a UNITED OPPOSITION, why not try to have a UNITED GOVERNMENT. United unta mo wui kaysa mag baryohay mo. If you would probably do that, sobra pa strong currency atong makuha!

[Rance]

Drop in equities pulls down peso
GMANews.TV - Drop in equities pulls down peso - Business - Official Website of GMA News and Public Affairs - Latest Philippine News - BETA
Article posted January 22, 2009 - 02:24 AM
MANILA, Philippines - The peso lost another five centavos in Wednesday’s trading, following Wall Street’s huge drop Tuesday.

The local currency closed at P47.55, down from P47.50 on Tuesday.

"The weakness of the peso [along with other Asian currencies] was a market reaction to the fall of US equities especially the Dow Jones," a trader said.

The Dow Jones industrial average on Tuesday night tumbled by 4.01% or 332.13 points to 7,949.09.

The bellwether Philippine Stock Exchange index lost 3.04% or 57.81points to 1,840.12, as it tracked the Dow Jones.

The peso opened weak at P47.60 Wednesday and posted an intraday low of P47.75, before moving to as high as P47.33.

A trader explained that the movement was merely an indication of profit-taking among investors.

"We are seeing risk-aversion in the market, a revival of what happened in October to November last year, following news of substantial losses and sharp declines of some US companies, the latest of which is the reported profit losses of institutional money manager State Street Corp. ," the trader added.

Another trader said the inaugural speech of President Barack Obama also failed to persuade investors amid tensions of deepening global economic downturn.

"The lack of concrete plans in combating the crisis caused investors to still seek risk-free assets [dollars in particular], rejecting Asian regional assets," he said.

Traders expect the local currency to hit the P47.45 to P47.77 range today.

Total volume of transacted dollars was brisker at $819.80 million from Tuesday’s $636.50 million.

[brad]

mayo ni down na ang euro kay overvalue rato kaayo .
ang pounds maayo sad ni down na.

maypa magpropose ang senate for the philippine currency change name og peso to pacquaio.
nindot paminawon. one hundred pacquao bill.

[seven_segment]

maypa magpropose ang senate for the philippine currency change name og peso to pacquaio.
nindot paminawon. one hundred pacquao bill.

LOL!

pacman lang...

one hundred pacman bill...hehehe

[seven_segment]

Do not totally place a negative mark on your head about our country.

The Philippines is a newly industrialzed country, developing pa ta. Lets just make our part para mu asenso atong nasud. Wagtangon ta na ang crab mentality.!!!

bitaw! sakto ka brod!

[Rance]

Peso is stable.

[gerard]

stable tahay... mau ra japon way epekto sa common tao...