The Rising of the Philippine Peso: Did it change the way you live?

[WinFlo]

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ni barato ang dollar, nothing's changed. pero pusta-anaypa, ig mahal balik sa ilis sa dollar mosaka na sad na ug sunod ang mga palaliton ba.

[yokam]

Philippine Peso fell back to P46.43 per $1 from P46.23. I don't really know if this is good or not. Good for the OFWs and bad for the economy as well.

[nightsurfer]

I dont think the economics of a country works that way, nga kung mosaka or moubos ang exchange rate, mausab pud ang presyo sa commodities. Look at the tiger economies, Korea, Taiwan, even the first world countries like Japan, etc. They are very strong economies but the prices of goods there are not in any way lower than ours. Its many times higher than ours. Prices of commodities is not an indication that we are doing ok or that we are in a better economic state. What matters more is per capita income and purchasing power. If we see more people getting employment, then we increase the per capita income. However, it will also drive the purchasing power of people thus increasing demand and increase the prices. Its a bit confusing but its like that. They say the strengthening of the peso is killing exporters, I dont think this is true in the long term. It is actually balanced when more investors are pouring in capital for new businesses. Look around, in Cebu City na lang. We see a lot of new establishments, new hotels, new buildings rising, etc. These indicate a growing economy. These indicate more income opportunities. These would also mean more pruchasing power to people thus, prices of goods may rise because of these. However, it is ok if prices will rise a bit but you have money to but because you got a job or a business now compared to prices being lower but you have no money to buy your needs. It is not true that we cannot afford to buy things. More people are now buying things. Car sales are up, cellphones are being sold like crazy and all the malls and shopping centers are full specially on weekends. SLowly, the economic gains are trickling to the masa. More people are now provided with opportunities to earn. It cannot be felt dramatically in the short term but the long terms gains would be great if this trend continues. Its ok for the peso to be strong and stable, not depreciating and unstable.

[harryperales]

our lives couldn't get any better while those corrupt and money-faced politicians are seating on government offices. i would rather be happy if the peso goes down because that would mean a higher exchange rate for my dollar pay...hehehehe

[Bizzy]

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[zyLe]

with the rise of the peso, there's always the advantage and the disadvatage, it puts our economic stablity in a good level but made our exporters suffer.. exporters is one of the business entity that contributes much to our country, labor wise and economic wise, but with the peso rise, they are highly affected...

with the peso rise, people think our commodities would go low but it remains as is, because its a global thing and not a national thing... we cant have gasoline cheap if its expensive in the world market!!!!

its a matter of understanding the prons and the cons here..