Jump to content
  • Commercial Banner Advertisers

Lordblacknail

P52.92

Recommended Posts

Lordblacknail

Wow!!!!! It is going to P53, just wait.

  • Like 1
  • Thanks 1

Share this post


Link to post
Share on other sites

Joe Sixpack

Lots of positive news and hopefulness coming out the Philippines media these days.....but the stock and currency markets tell a completely different tale.  Which do you believe?

  • Thanks 1

Share this post


Link to post
Share on other sites
Richard K

I believe that what goes up must eventually go down.. having said that I am digging the fact that when I came here a little over 3 years ago the peso was fluctuating between 42 and 44..so at 52?... I am liking it..

  • Like 3
  • Thanks 1

Share this post


Link to post
Share on other sites
smokey

When i came it was 55 and years lat÷ touched 39. So now feels good

Share this post


Link to post
Share on other sites
Headshot
1 hour ago, Joe Sixpack said:

Lots of positive news and hopefulness coming out the Philippines media these days.....but the stock and currency markets tell a completely different tale.  Which do you believe?

Low currency value is good for the export trade. Why do you think China has always put so much effort into keeping the value of their currency low? They have used that low currency value to take over the world's manufacturing. Since when is that a bad thing for a country?

  • Like 1

Share this post


Link to post
Share on other sites
Joe Sixpack
1 hour ago, Richard K said:
5 minutes ago, Headshot said:

Low currency value is good for the export trade. Why do you think China has always put so much effort into keeping the value of their currency low? They have used that low currency value to take over the world's manufacturing. Since when is that a bad thing for a country?

Too bad Philippines is currently running at record levels of trade deficit.  The weak peso is a sign of a failing economy and only hurts the country even more.  Good for expats, though....at least short term.

Share this post


Link to post
Share on other sites
Headshot
12 minutes ago, Joe Sixpack said:

Too bad Philippines is currently running at record levels of trade deficit.  The weak peso is a sign of a failing economy and only hurts the country even more.  Good for expats, though....at least short term.

Trade deficits don't turn into trade surpluses overnight, but a low value currency is more likely to turn it around than a high value currency.

  • Like 1

Share this post


Link to post
Share on other sites
Joe Sixpack
1 hour ago, Headshot said:

Trade deficits don't turn into trade surpluses overnight, but a low value currency is more likely to turn it around than a high value currency.

Yeah, that's the optimistic viewpoint.  But trade deficits have been creeping up along with the peso for a few years now, and the Philippines isn't exactly an export driven economy.  And now that I've exhausted my total knowledge of economics...time to go cash in some greenbacks!  😊

  • Haha 2

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Commercial Banner Advertisers

  • Adsbygoogle

    Advert



  • Adsbygoogle

    Advert

×

Important Information

By using this site, you agree to our Terms of Use, Privacy Policy, Guidelines and use of We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue..