Is Dollar Stabilizing, Peso Going Down?

[ellehpo28]

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The past few months, peso/dollar exchange rate forecast is said to go as low as P40 to a dollar. But the past few days, peso/dollar exchange rate has reached the P44:$1 and yesterday it went to P44.37 to a dollar.

Could this new trend last till the end of this year? What do you think?

Is our peso losing value again?

[MoD]

crap.. we change all our dollars @ 42.+ this month believing it will go down as low as 40.. anyways.. still happy na 44 na..

[rom69erz]

only dollar earner will be happy if peso is losing its value.... urghh! i hope it will reach P50 to a dollar ...

[lorenzoleo]

naa puy nangadato ani, hehehe! take charge with fluctuations. T_T!

[neshem]

only dollar earner will be happy if peso is losing its value.... urghh! i hope it will reach P50 to a dollar ...

agree ko ani..hehe

[ellehpo28]

me, too. I changed almost _k when it went up to P43.45. Now it's at P44.05. still waiting to go up again.

Sayang din yung P4k++ difference. tsk, tsk,tsk

[Balandido]

dollar bounced back in the currency market, one reason
our peso is devaluing.

currency speculation for peso till december may drop to
42-43 for a dollar.

[momoneyz]

dollar bounced back in the currency market, one reason
our peso is devaluing.

currency speculation for peso till december may drop to
42-43 for a dollar.

I think you got it upside down bro. HEHEHE The peso is not devaluing, It is actually strenthening. kun mugamay gani ang exchange rate sa Peso vs dollar it means either of two things.

1. The Peso (or the phil economy is strengthening)
2. The Dollar is weakening

or both.


What happen is what currency trader's called a hick-up

Remember during last week naay issue about Nokor shelling of a Sokor Island?

When things like that happen, investors become wary of foreign investments and will be going back to a "safe haven" which is the Dollar. Its not only the peso that weakened it was all currencies except the dollar. Now that being said. IF you have dollars right now, and want to make the most of them better exchange them now, now that its quite high, it is due for correction, plus the influx of dollars coming from OFWs would really lower it down significantly.

TIP:

Historically the peso exchange rate goes down usually on December, but would slightly go back up the first weeks of January? Why because foreign investors usually draw out their earnings, thus they would be exchanging their Peso for Dollars. That is why it is best not to cash in your Dollars on December but rather DO it 3rd week of January. Pero speculation lang ni, basin mo dayun diay jud ang gira, di motaas jud na samot ang Dollar, but the problem here is that it will also increase the cost of living sa Pinas, kay motaas man pud ang presyo sa gasolina, and other imports from the US. So all in all it will equal out

[ellehpo28]

I think you got it upside down bro. HEHEHE The peso is not devaluing, It is actually strenthening. kun mugamay gani ang exchange rate sa Peso vs dollar it means either of two things.

1. The Peso (or the phil economy is strengthening)
2. The Dollar is weakening

or both.


What happen is what currency trader's called a hick-up

Remember during last week naay issue about Nokor shelling of a Sokor Island?

When things like that happen, investors become wary of foreign investments and will be going back to a "safe haven" which is the Dollar. Its not only the peso that weakened it was all currencies except the dollar. Now that being said. IF you have dollars right now, and want to make the most of them better exchange them now, now that its quite high, it is due for correction, plus the influx of dollars coming from OFWs would really lower it down significantly.

TIP:

Historically the peso exchange rate goes down usually on December, but would slightly go back up the first weeks of January? Why because foreign investors usually draw out their earnings, thus they would be exchanging their Peso for Dollars. That is why it is best not to cash in your Dollars on December but rather DO it 3rd week of January. Pero speculation lang ni, basin mo dayun diay jud ang gira, di motaas jud na samot ang Dollar, but the problem here is that it will also increase the cost of living sa Pinas, kay motaas man pud ang presyo sa gasolina, and other imports from the US. So all in all it will equal out

Today, exchange rate went as high as 44.52 to a dollar (source: XE.com)

Hmmm, you can't really predict what's gonna happen in the future. Que sera sera na lang

[brandnewbien]

nindot ni sa online earners. 43 gud gihapon exchange rate sa paypal ron. wow kaau. hehe