The Philippine peso: Strongest currency in Asia! GOOD NEWS

[chinochin]

---

kabalo ba mo sa western watts nag lay-off sila mga employees.. u know y? tungod kay ni naug ang dollar, mas mahal nata sa uban firms from other countries offering the same services.. now, good news ba na ni saka ang value? in this case, i dont think so..

[noiburdlanor]

i don't want to make a personal question, but WHY ARE YOU NOT HAPPY w/ our strong peso is it because this issue gives a "perceived pogi points" to your most hated president in the entire phil. history?...or u think na-timingan lng nga naingon ani during gma's term?...libog lng ko nimo ba.

sa akoa ba, export man gyud akoa business interest. wa ko malipay for my business nga 41 nlng ang ilis sa dollar...pero i'm happy for the philippines as a whole...

I agree!! They dont like to hear and give compliments to our president.
People like these would not help bring the country to greener pasteurs. THey're bringing us down..

[noiburdlanor]

kabalo ba mo sa western watts nag lay-off sila mga employees.. u know y? tungod kay ni naug ang dollar, mas mahal nata sa uban firms from other countries offering the same services.. now, good news ba na ni saka ang value? in this case, i dont think so..

I have just visited mynimo.com and western wats needs more workers http://www.mynimo.com/jobs/view/4435

I also hear their advertisements in radios inviting more cebuanos to join their team.

[giddyboy]

kabalo ba mo sa western watts nag lay-off sila mga employees.. u know y? tungod kay ni naug ang dollar, mas mahal nata sa uban firms from other countries offering the same services.. now, good news ba na ni saka ang value? in this case, i dont think so..

yeah, i heard...ako sab dire sa akoa export nag lay-off pud ko...but its for the purpose of gaining ground for better overhead costs, better efficiency, better competition...leads to viable profit margins w/o losing the business.

anyways, ANG DAKONG MISCONCEPTION kasagaran is that A LOWER EXCHANGE RATE VS DOLLAR MAKES A STRONGER PESO...

i don't think so. actually, it's the PERFORMANCE that matters...A strong peso can not always be equated to the US dollar exchange rate coz the US has also their own currency performance levels...

[ichor_82283]

yeah, i heard...ako sab dire sa akoa export nag lay-off pud ko...but its for the purpose of gaining ground for better overhead costs, better efficiency, better competition...leads to viable profit margins w/o losing the business.

anyways, ANG DAKONG MISCONCEPTION kasagaran is that A LOWER EXCHANGE RATE VS DOLLAR MAKES A STRONGER PESO...

i don't think so. actually, it's the PERFORMANCE that matters...A strong peso can not always be equated to the US dollar exchange rate coz the US has also their own currency performance levels...

unsa nga misconception imong pasabot? wa ko kaayo ka gets.

if you talk about equating peso to dollar, i think it's off. mao bitaw naay exchange rate kay di gyud ma equate. (in economic parlance). if ang imong pasabot i-equate o i-relate o i-parehas sa dolyares...its another topic.

wen u hisgot naman with currency performance- the rise and fall of a currency or its consistency or the way a currency stands amidst the crisis...you may have a point. however, what does a currency performance indicate?
pls paki-answer. i want to hear it from you kay it seems you know it well.

MISCONCEPTION

above all other filipinos who could understand the lower rate of dollar versus peso, its the people engaged in the export and import trade.

on the import side- there shud be a positive impact on their side. why? they import materials at a lower and manageable rate. thus, the start of processing starts at a lower cost, and in snowball effect there shud be low prices.

on the export side- personally speaking, there shud be positive effect. low cost of materials shud relate to low cost of finished products. but, in reality such as those exporting shells and its craft or item souvenirs...they are on a losing end. we have high labor cost, high energy cost, a select global market that somehow affects the trade. the low dollar rate surely affects their business.

when others are stil unhappy of the current peso rate versus dollar kay tungod taas gihapon ang pamaliton, blame it sa uncontrollable petrol or oil price. no matter how low we purchase raw materials wen we are so dependent on the oil of the arabs we are still losing our grip.

mao na maka-ingon ta nga walay kauswagan gihapon.

dapat gani canned goods manufacturers shud lower their prices, nga lang, taas japon ang energy cost..(sagdi na lang ang labor cost)....mao lang japon taas ang price. tapos naa pa ta taxation nga ambot.

[balatucan]

does anybody know about INFLATION? we get that every year, forever....kanang 20 pesos nimo mga 10 yrs ago, murag 100 pesos na na karon panahona...look! even our 10 peso bill nahimo nalang gani ug coin. LOLZ

if 55 pa ang peso 2 yrs ago, nya ibutang lang nato 55 gihapon ron...ayaw ko ingna mapareho ra imo ma-grocery sa 500 pesos? dili intawn oi! even how strong your currency is, we can never escape inflation...

maayo nlng gani ni-strenghten ang piso ky mas gmay ang inflation rate, less effects caused by the world oil prices & failing US economy...

"nothing has changed despite the strong peso?" and "a strong peso is useless"?...OMG!!! ARE YOU SURE ON WHAT U R SAYING? ...wat u mean tingali is that most people didn't feel any improvements to their purchasing power...

During Eraps time when the peso was at 55 pesos, the price of haircut was 30 pesos. Now that the peso is at 41, the price of haircut is still 30. If our currency gained from the dollar, then there should have been roll back of prices. The haircut could have somewhere 20-25 pesos.

The price of lechon at that time was 200 per kilo. Now its 240 a kilo. Again if we base our simple analysis, its 41 now, the expectation is that the kilo of lechon will go down somewhere 150 or 175 but no! It even went higher.

Now dont tell me about oil price hike and inflation etcetera. If we have higher peso, then we should have been buying our gasoline at a LOWER PRICE! So our gasoline prices could have gone a little bit down. On the contrary it keeps on shooting up.

During Eraps time where the forex is at 55 pesos, the price of petroleum never break at 30 pesos level. How is that? But GMAs time where she boasted of a strong peso, petroleum prices reached a whopping 45 pesos/liter. How is that? And dont tell me at the time of Erap the world price for petroleum did not reach $90/barrel.

And when you say the economy is improving with a strong peso, think again.

Take for example, I have an automotive repair shop. Lets say I earned 300 a day and I spend less than that daily. Now I have a son and a daughter who are sending me dollar remittances totalling to 10,000 a month. Add that to my daily earnings of 9,000 peso a month in my talyer business so I have 19,000 pesos a month. Can you say then that my business is booming because I earned that much?

No! The bulk of my income came from my remittances while my business earnings remains at an average of 300 pesos a day. Thats exactly what is happening in our country. An economy kept afloat by OFW remittances.

The point if the forex rate has improved at the rate it is now going, everything is supposed to follow as we are buying everything at a lower volume of dollars.


Got it? BTW, Merry Christmas!

[giddyboy]

During Eraps time when the peso was at 55 pesos, the price of haircut was 30 pesos. Now that the peso is at 41, the price of haircut is still 30. If our currency gained from the dollar, then there should have been roll back of prices. The haircut could have somewhere 20-25 pesos.

hehe. unsa murag gasolina? mau gani tag 30 ra ghapon ang haircut ug wala nimahal to 40. ang barberya dili man kau apektado sa dollar. ang iyang mga gastos are: kuryente (w/c the costs did not go down but slightly up), ang abang (w/c maybe the same ra as sauna), mga gamit (alcohol, pulbos, shave, etc...), ug sweldo sa mga tawo (w/c did not increase for 2 yrs cguro)...

bsan pa walaon nato ang inflation sa equation, unsaon man pag rollback sa iyaha charge ana dapita? mumahal pa gani unta...

The price of lechon at that time was 200 per kilo. Now its 240 a kilo. Again if we base our simple analysis, its 41 now, the expectation is that the kilo of lechon will go down somewhere 150 or 175 but no! It even went higher.

di lagi na pareho sa gasolina...ang price sa lechon depende pud na sa supply & demand. nimahal ky nimahal man pud ang baboy, labor, lamas ug charcoal...

Now dont tell me about oil price hike and inflation etcetera. If we have higher peso, then we should have been buying our gasoline at a LOWER PRICE! So our gasoline prices could have gone a little bit down. On the contrary it keeps on shooting up.

u will belong to millions of pinoys asking the same question...that's wat a lot of people now are already asking why there's no roll back...even Joe Con is asking the Big 3 why...

During Eraps time where the forex is at 55 pesos, the price of petroleum never break at 30 pesos level. How is that? But GMAs time where she boasted of a strong peso, petroleum prices reached a whopping 45 pesos/liter. How is that? And dont tell me at the time of Erap the world price for petroleum did not reach $90/barrel.

Erap's time: P55/USD, crude oil is around $50/barrel. so 50x55= P2,750/barrel.

Present time: P41/USD, crude oil is around $95/barrel. so 95x41= P3,895/barrel

you do the math for the rest....

here's a graph ay:
[img width=500 height=375]http://www.wtrg.com/oil_graphs/oilprice1970.gif[/img]

Take for example, I have an automotive repair shop. Lets say I earned 300 a day and I spend less than that daily. Now I have a son and a daughter who are sending me dollar remittances totalling to 10,000 a month. Add that to my daily earnings of 9,000 peso a month in my talyer business so I have 19,000 pesos a month. Can you say then that my business is booming because I earned that much?

when you measure your business if its booming or not, you have to compare its status a few years back against the present, not adding it to your dollar remittance.

about importers pud, ok mas gmay ang ila magasto lagi...pero ila man sab na tanawon ang demand. naa ra nila kng paubsan nila ang retail price or not.

THE MAIN POINT IS, the rapid rise of the peso will not have immediate positive effects on the common people but will have some immediate negative effects in terms of dollar remittances and exports...

MERRY CHRISTMAS TOO!!!

for everyone to know more about world oil prices, here's the link:

http://www.wtrg.com/prices.htm

[balatucan]

hehe. unsa murag gasolina? mau gani tag 30 ra ghapon ang haircut ug wala nimahal to 40. ang barberya dili man kau apektado sa dollar. ang iyang mga gastos are: kuryente (w/c the costs did not go down but slightly up), ang abang (w/c maybe the same ra as sauna), mga gamit (alcohol, pulbos, shave, etc...), ug sweldo sa mga tawo (w/c did not increase for 2 yrs cguro)...

bsan pa walaon nato ang inflation sa equation, unsaon man pag rollback sa iyaha charge ana dapita? mumahal pa gani unta...

di lagi na pareho sa gasolina...ang price sa lechon depende pud na sa supply & demand. nimahal ky nimahal man pud ang baboy, labor, lamas ug charcoal...

u will belong to millions of pinoys asking the same question...that's wat a lot of people now are already asking why there's no roll back...even Joe Con is asking the Big 3 why...

Again, it boils down to lower forex rate. The prices could have gone down.

Erap's time: P55/USD, crude oil is around $50/barrel. so 50x55= P2,750/barrel.

Present time: P41/USD, crude oil is around $95/barrel. so 95x41= P3,895/barrel

you do the math for the rest....

Eraps time: 55/USD, crud oil around 99 barrel. so 99x55= 5,445/barrel

Present time: P41/USD, crude oil is around $95/barrel. so 95x41= P3,895/barrel. Its should have been cheaper by now. Yet NO CHANGE!

when you measure your business if its booming or not, you have to compare its status a few years back against the present, not adding it to your dollar remittance.

A few years back, the forex rate is 55 pesos. My income is steady at 300. A few years after with a 41/USD pesos forex, Im still earning 300 but the price of commodity, went even higher.

Mind boggling.

[/quote]

[giddyboy]

Again, it boils down to lower forex rate. The prices could have gone down.

Eraps time: 55/USD, crud oil around 99 barrel. so 99x55= 5,445/barrel

Present time: P41/USD, crude oil is around $95/barrel. so 95x41= P3,895/barrel. Its should have been cheaper by now. Yet NO CHANGE!

are u sure tag $99/barrel during Erap's term? look at the chart naa ba...

A few years back, the forex rate is 55 pesos. My income is steady at 300. A few years after with a 41/USD pesos forex, Im still earning 300 but the price of commodity, went even higher.

Mind boggling.

mao gyud btaw...it's not as simple as it looks.
if u r employed and still getting the same pay since 2 or more yrs ago, it's high time you ask for an increase...
if u r self-employed, it's high time you increase earnings by getting more sales or diversify to other markets...

[jntio]

good