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Zackback
Joined: 21 Apr 2010 Posts: 31
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Posted: Wed May 12, 2010 11:07 am Post subject: The value of the American dollar with the peso |
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With the election now over I thought the value of the dollar would increase more but it really hasn't. In past elections doesn't it always get better? It's at about 45 right now which is pretty lousy. |
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thebreeze
Joined: 24 Feb 2009 Posts: 5 Location: Makati Philippines
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Posted: Mon Jul 05, 2010 7:24 am Post subject: |
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The USD isn't really the most stable currency out there either at the moment. I've been in the Philippines for over a year and a half and havent seen it any better than 49php/1USD. Anywhere between 44.5 - 47 is probably to be expected in the short term unless something crazy happens. |
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rioux
Joined: 26 Apr 2012 Posts: 880
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Posted: Sat Apr 06, 2019 2:37 am Post subject: |
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$1 is now 52 pesos.
Enjoy it...while it lasts (?) |
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suphanburi
Joined: 20 Mar 2014 Posts: 916
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Posted: Sat Apr 06, 2019 3:49 am Post subject: |
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In 2004, when I bought our farm, it was 55php = 1 usd.
For as long as the current government is in place and the economy continues to depend on OFW remittances rather than real economic growth the peso will likely continue to weaken over time.
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