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Peso Rising To 37.5 Per Dollar Over The Next Year?


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hchoate

 

No one really knows except the Geo. Sorros of the World.

 

He doesn't know, he just guesses good.

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F__K goldman Sach ... I want 56 php to 1 usd... and a cold SML beer...

1/37 is a bigger number than 1/43   When you get fewer pesos per dollar the peso is worth more and the dollar less.

Fairly unrealistic to anticipate that the RP Central Bank would allow the Peso to appreciate 14% (rough estimate based on today's exchange rate) against the dollar that quickly. It would upset the BP

samatm

Speaking of all that debt the US is trying to pay down with the Obama Printing Press:

 

Consider this: (not my own) 

 

A  Million Dollars worth of  $1000.00 bills tightly wrapped  would = a stack  4" (inches) high

 

A Billion Dollars  in tightly wrapped $1000.00 bills  would = a stack 300 ' (feet) high

 

A Trillion Dollars in tightly wrapped $1000.00 bills  would  = a stack  nearly 63 MILES  high.

 

 

US debt Clock:   http://www.usdebtclock.org/

The US natl. Debt at nearly 17 Trillion USD  would = a stack of  $1000.00 bills    63 X 17 =  1071 Miles high

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samatm

He doesn't know, he just guesses good.

 

 

I would say the wool over his eyes is quite a bit thinner than most , seeing how he can easily  influence a  buy / sell  on any currency pair .. with a simple sms text to his FX desk.

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Jack_be_nimble

Recent economic data from the US is positive.  Fed Chairman has no reason to delay further slowing of QE.

This can only strengthen the USD.  I see USD reaching 48 pesos soon.

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SirMadrigal

Forex - USD/JPY falls after Fed says bond purchases to continue

 

http://www.investing.com/news/forex-news/forex---usd-jpy-falls-after-fed-says-bond-purchases-to-continue-250883

 

No tapering in August... what will September bring???? 

Funny cause my live chart says its back up to 99.44 already silly news reporters FX is live 24hour market.

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Bill H

He doesn't know, he just guesses good.

 

No, Soros is an expert in forcing change and manipulating politicians to do his bidding.  He could give a rats ass what happens to the Countries he rapes, he just wants the gold.

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SirMadrigal

No, Soros is an expert in forcing change and manipulating politicians to do his bidding.  He could give a rats ass what happens to the Countries he rapes, he just wants the gold.

Buffet is no better, nor are all the members of the Cabal that set the Libor rates.

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Bill H

Buffet is no better, nor are all the members of the Cabal that set the Libor rates.

 

No arguments from me on either point.  They are all scum.  They produce nothing of value, they only take from others.  The world would be a much better place without the whole lot of them.

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HeyMike

When they say peso rises-it naturally means dollar decreasing.

Thanks; I stand corrected.

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hchoate

 

Recent economic data from the US is positive. Fed Chairman has no reason to delay further slowing of QE

 

postive = anemic

no reason = there's an election coming up

 

 

Soros is an expert in forcing change

 

Then the world must now be exactly as he wants it.

He's to some degree an opportunist, not God.

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Brucewayne

From the Wikipedia page on the Philippine Peso:

 

As of 23 May 2013 (2013-05-23)[update], Goldman Sachs predicted that in the next 12 months from March 2013, the peso will rise to 37.5 pesos to the dollar. The bank said the country’s GDP growth will likely maintain an average of 5 per cent between 2013 to 2016

 

Goldman Sachs is probably not the best source for financial info.

They have been sued numerous times for posting false information and outright fraud.

Most financial advisors are saying the dollar will be up around P50:$1 by the end of the first quarter of 2014.

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hchoate

 

Most financial advisors are saying the dollar will be up around P50:$1 by the end of the first quarter of 2014.

 

Hope so. Am not going to bet on it.

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Brucewayne

From the Wikipedia page on the Philippine Peso:

 

As of 23 May 2013 (2013-05-23)[update], Goldman Sachs predicted that in the next 12 months from March 2013, the peso will rise to 37.5 pesos to the dollar. The bank said the country’s GDP growth will likely maintain an average of 5 per cent between 2013 to 2016

Here is a more reliable source as far as I am concerned, they have been nearly spot on since 2007 when I first started following them.

I am speaking of the DBS Group of course.

 

Philippine peso expected to depreciate to 45 to a dollar by years end

                

            

                By Ronnel W. Domingo

Philippine Daily Inquirer

1:42 am | Monday, June 25th, 2012

 

        

The peso may not always maintain a strong stance, as seen in

recent weeks, and is expected to depreciate in the coming months,

eventually trading at 45 against the US dollar by year end, according to

analysts.

Based on the latest projections of DBS Group and the partnership

of First Metro Investment Corp. and the University of Asia and the

Pacific, the peso is expected to return to the range of 43 against the

greenback mainly due to domestic development problems, as well as

lingering uncertainties abroad.

DBS revised its forecast for the peso, which it said would

average at 45:$1 in the fourth quarter this year from the previous

42.50:$1.

The financial service provider based in Singapore also said that

the local currency would further weaken in the third quarter when it

would average at 45.50 against the dollar.

“The peso’s stability is dependent on pushing more reforms to

sustain growth (even if) it has been stable since early 2011,” DBS said,

expecting the exchange rate to fluctuate within the 42-44 range.

“The peso’s resilience throughout the eurozone debt crisis was

mainly due to the re-acceleration in real GDP growth to 6.4 percent year

on year in the first quarter of 2012,” from less than 5 percent of the

previous year, the group added.

But despite these positive developments, the Philippines still

needs “to address several structural challenges,” particularly because

growth is still too dependent on government spending, DBS said.

At the same time, FMIC and UA&P expect the local currency to

weaken to an average of 43.27 in June, 43.453 in July and 43.34 in

August, from the current 43:$1.

“With deep uncertainties as to the impact of Greece exiting from,

or remaining in the eurozone, the dollar will remain as a major safe

haven,” FMIC and UA&P said. “The peso will not be spared from this,

and so the exchange rate should [depreciate] until the third quarter.”

Last week, FMIC president Roberto Juanchito Dispo was quoted as

saying that the peso could hit an average of 42 against the dollar this

year because the recent drop in global oil prices would reduce the

country’s demand for dollars.

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rfm010

 

they have been nearly spot on since 2007

 

easy to be spot on if you keep changing your prediction.  sounds like they were spot off by predicting 42.50 at the end of the year.  now in late june, when their prediction has already been surpassed (it was 43+) they've decided that 45 sounds better.  nothing wrong with changing a prediction in light of new information but it doesn't really give you bragging rights for your predictive capacity.

 

now that i look at your article more closely i see it is dated 2012.  is that right?  at that time the peso was in the middle of a rise from 43.6 to 41.  so neither 42.5 nor 45 by the end of the (2012) sounds very spot on.  but the numbers in the story seem to correspond better to 2013,

 

wasn't there a contest here on linc for people predicting the rate at the end of the year?  might have been last year, i can't find it.

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hchoate

What good does predicting the rate do? Are there currency speculators here?

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