Half Baked 1,876 Posted June 11, 2013 Share Posted June 11, 2013 Woo hoo! $1US = 43.16php! Not too shabby. Which way does everyone think its going? Link to post Share on other sites
Wolfpack 2,166 Posted June 11, 2013 Share Posted June 11, 2013 honestly, I never know...I have heard the dollar makes a gain after elections...I have not researched how factual that is... Link to post Share on other sites
Brucewayne 3,803 Posted June 11, 2013 Share Posted June 11, 2013 I have been saying for over a year that we would see P44 to the Dollar by the end of this year and possibly P50 by March of next year. Most foreign investments are already spent, hence the slow down of the condo building racket and investors have less confidence in the Peso than to hold them over the USD which has been slowly, but steadily growing stronger over the last several years. P.S. My stock broker and I couldn't be happier than we are right now. Link to post Share on other sites
sheffieldmel 22 Posted June 11, 2013 Share Posted June 11, 2013 its not only the dollar the uk pound was 61 last week now its 67 Link to post Share on other sites
ellenbrook2001 553 Posted June 11, 2013 Share Posted June 11, 2013 Woo hoo! $1US = 43.16php! Not too shabby. Which way does everyone think its going? too 50 thanks too OBAMA ?????????? has our AUSSIE huhu going going down where we do not know thanks too the bitch GILLARD Link to post Share on other sites
Headshot 29,812 Posted June 11, 2013 Share Posted June 11, 2013 (edited) too 50 thanks too OBAMA ?????????? No...it's still Bush's fault. Edited June 11, 2013 by Headshot 2 Link to post Share on other sites
smokey 22,071 Posted June 11, 2013 Share Posted June 11, 2013 i think the twain problem is still present and not helping Link to post Share on other sites
miles-high 3,918 Posted June 11, 2013 Share Posted June 11, 2013 I have been saying for over a year that we would see P44 to the Dollar by the end of this year and possibly P50 by March of next year. I sincerely hope so... Link to post Share on other sites
Brucewayne 3,803 Posted June 11, 2013 Share Posted June 11, 2013 I sincerely hope so... I am wanting to buy property at a fair price and will not take any money out of the market if the Peso doesn't go up and property prices don't go down. I have been researching this hard since 2008 and I also hope (feel) that I am right. I have had a few scares, but things are going in the direction I have predicted so far. Nobody can see the future, but everything points to a bit of a meltdown in the Philippines since no real attempt to provide work for those in lower income brackets have come about. Most economies depend on everyone who can possibly work to do so, but not so here. Latest check I made shows 60% are underpaid and 27% are below the ridiculously low poverty level of P60 per day or less. 1 Link to post Share on other sites
Mailman 660 Posted June 11, 2013 Share Posted June 11, 2013 I have been saying for over a year that we would see P44 to the Dollar by the end of this year and possibly P50 by March of next year.Congrats! Hit 44.20 this morning. Eagerly awaiting your P50 prediction. 1 Link to post Share on other sites
ellenbrook2001 553 Posted June 11, 2013 Share Posted June 11, 2013 has the other country going backward then US start see the light at the end of the tunnel yes the US will rise very slow and study but cannot yet work out why the pesos strong maybe more confidence in the new government?????? the AUSSIE struggling above 40 pesos but his fine for me .has china reduced they mineral taking of course AUSTRALIA suffer Link to post Share on other sites
ellenbrook2001 553 Posted June 11, 2013 Share Posted June 11, 2013 I am wanting to buy property at a fair price and will not take any money out of the market if the Peso doesn't go up and property prices don't go down. I have been researching this hard since 2008 and I also hope (feel) that I am right. I have had a few scares, but things are going in the direction I have predicted so far. Nobody can see the future, but everything points to a bit of a meltdown in the Philippines since no real attempt to provide work for those in lower income brackets have come about. Most economies depend on everyone who can possibly work to do so, but not so here. Latest check I made shows 60% are underpaid and 27% are below the ridiculously low poverty level of P60 per day or less. but according too the PRESIDENT all fine more go back here too found job under pay with a cup of rice so the richer become richer the system here do not allow the poor too become comfortable they have too remain poor 1 Link to post Share on other sites
Brucewayne 3,803 Posted June 12, 2013 Share Posted June 12, 2013 has the other country going backward then US start see the light at the end of the tunnel yes the US will rise very slow and study but cannot yet work out why the pesos strong maybe more confidence in the new government?????? the AUSSIE struggling above 40 pesos but his fine for me .has china reduced they mineral taking of course AUSTRALIA suffer Actually both the Philippines and USA are growing, but a slow growth in the US of even 1% is a lot more in cash value that the Philippine growth rate of 7.8%. Slow growth is better than a fast spurt for the most part because anything that jumps fast is normally temporary and will usually fall just as fast. Steady, but sure wins the race, fast spurts wear you out too fast. 1 Link to post Share on other sites
Paul 55,116 Posted June 12, 2013 Share Posted June 12, 2013 I have heard the dollar makes a gain after elections...I have not researched how factual that is... Yep. Usually. Because they do not know what, or how, the new administration is going to perform. Link to post Share on other sites
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