OFWs hurt by strong Philippine peso

[æRLO]

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whether the peso is strong or weak is moot. The value of the peso is only really significant if we are talking about the exchange in import and export. What is important for the common folk is the domestic prices...Why the h*ll has it not changed after the value of the peso has apparently become greater (as evidenced by the peso becoming stronger). I don't really care if the peso is weak or not, it doesn't matter--as long as the cost of living is affordable. Mao bitawng ingon ko, currency strength is a poor indication of economic pulse. Mao nay tinuod Economics 101. What the heck are you gonna do if you the peso reaches 20 to 1, if the price is stagnant when it was 40 to 1?

[Eve's Apple Project]

Ot: ^^Sad reality is, taas tag import vs sa atong export. This should be the right time to start making our own products. At least man lang mao nalang nay baws aning pag saka sa peso.

[miramax]

whether the peso is strong or weak is moot. The value of the peso is only really significant if we are talking about the exchange in import and export. What is important for the common folk is the domestic prices...Why the h*ll has it not changed after the value of the peso has apparently become greater (as evidenced by the peso becoming stronger). I don't really care if the peso is weak or not, it doesn't matter--as long as the cost of living is affordable. Mao bitawng ingon ko, currency strength is a poor indication of economic pulse. Mao nay tinuod Economics 101. What the heck are you gonna do if you the peso reaches 20 to 1, if the price is stagnant when it was 40 to 1?

Wow! Bullseye sir!

Among many others, mao sad na akong pangutana baya.
In fact , the weakening of the dollar is not actually the main issue here but it's the impact brought by this not just to oFW's or common pinoy worker-minimum wage earners but in the entire Philippine economy as a whole.
As an OFW, my opinion to this is ...we're not "HURT" as the literal hurt gyud but dili mi magpakaipokrita by saying na dili mi apektado. At a certain degree, it did affect our budget.

One thing, I would like to reiterate here and I know other OFW's will also join me as we say...WE NEVER PRAY FOR A WEAKENING PESO at all as i've mentioned in my previous post, domino effect ra gehapon ang resulta definitely dili makadato namo OFW.

Rock on OFW's...

[lodyl]

IMO.. i think dili man ang savings ang issue. it is more of the monthly expenses. ang pagstretch sa value sa imong gipadala VS sa imong sacripisyo nga layo sa pamilya (labi natong mga tarong nga pamilyado). parehas ani bai.. if i send 1000USD per month para sa expenses sa akong pamilya (apil akong ginikanan) imagina pila nalng ang value ana in peso compared to a few years ago nga $1:P55. about 15K ang nawala sa exchange rate alone, wa pay labot ang pagsaka sa palitonon.. mao nang masakitan jud ming mga OFW nga nagpakabana..maayo ta tog niubos ang palitonon pero wala man..LPG gani karon pwerte nang mahala (nga to think ingon ang Govt naa daw tay dako kaayong reserve sa LPG , Toink?!) hehehe

Para nako bai, sa lifestyle rana daugon bai..... Basin pud ug mahalon ra kaayo mo ug lifestyle, aw, kulangon jud na inyohang ipadala... LPG, aw, mag uling. Dako ug kuryente tungod sa aircon? simple, ablihan ang pultahan para musolod ang hangin... Simple living lang tubag ana tanan bai......

[lodyl]

sa ako lang pud, naa sad ni siyay point ky it's a matter of lifestyle man sd.

Matsalams bai... Mao jud na akoang point diri bai... Simple living...

[monroy]

What some people here are missing is this: If a strong currency is good for the country, why the hell is China trying so hard to keep the Yuan weak? I'm pretty sure they aren't dumb.

[kuyabog]

Para nako bai, sa lifestyle rana daugon bai..... Basin pud ug mahalon ra kaayo mo ug lifestyle, aw, kulangon jud na inyohang ipadala... LPG, aw, mag uling. Dako ug kuryente tungod sa aircon? simple, ablihan ang pultahan para musolod ang hangin... Simple living lang tubag ana tanan bai......

Paminaw mo ni boss lodyl..

simple living ra gyud na daugon bai

[carbrill]

dapat sad noon mangita ug paagi ang government nga mo gamay pd ang mga price sa mga pamaliton sa atoa para pd mo compensate sa dollar exchange.. but to think of it dako na baya nang ilang ipadala uban sad nga mga pinoy nag salig ra nga dako ang exchange mangita ta sila ug way nga mag budget sa unsa ilang nadawat...

[kuyabog]

whether the peso is strong or weak is moot. The value of the peso is only really significant if we are talking about the exchange in import and export. What is important for the common folk is the domestic prices...Why the h*ll has it not changed after the value of the peso has apparently become greater (as evidenced by the peso becoming stronger). I don't really care if the peso is weak or not, it doesn't matter--as long as the cost of living is affordable. Mao bitawng ingon ko, currency strength is a poor indication of economic pulse. Mao nay tinuod Economics 101. What the heck are you gonna do if you the peso reaches 20 to 1, if the price is stagnant when it was 40 to 1?

It is never moot when it is the very subject of this discussion here. To accept your premise that it is moot is akin to stepping off the bus and taking another vehicle of discussion.

Economics 101 or XYZ is a whole stupid neural exercise beyond simplistics analyses of one factor affecting another. It is a lot more complicated than your exchange rates fluctuations manifesting immediate and corresponding changes in the various market forces involved.

The OFW looks at the ripples of economics oceans through the waves of exchange rates. Its underlying currents flows deeper, and the prices, cost of living you are talking about, will take its own changes in accordance to its own complex agenda.

[kuyabog]

^^ it does not affect me.. how about you?