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USD to PhP Exchange Rate

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tim

Dec 25, 2015 05:06 UTC

Philippine Peso 1.00 PHP inv. 1.00 PHP US Dollar  47.220977

 

1 USD = 47.224 PHP

US DollarPhilippine Peso

Edited by tim
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RogerDat

It may be going up because of demand for dollars to put in bank in  U.S..

I will not speculate by who or why.

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death_by_cupcake

Because the US has the biggest stable growing economy in the world right now. Organizations, governments and individuals will put their money in the safest place.

 

 

Not so fast... 58 Facts About The U.S. Economy 
 
#1 These days, most Americans are living paycheck to paycheck.  At this point 62 percent of all Americans have less than 1,000 dollars in their savings accounts, and 21 percent of all Americans do not have a savings account at all.
 
#2 The lack of saving is especially dramatic when you look at Americans under the age of 55.  Incredibly, fewer than 10 percent of all Millennials and only about 16 percent of those that belong to Generation X have 10,000 dollars or more saved up.
 
#3 It has been estimated that 43 percent of all American households spend more money than they make each month.
 
#4 For the first time ever, middle class Americans now make up a minority of the population. But back in 1971, 61 percent of all Americans lived in middle class households.
 
#5 According to the Pew Research Center, the median income of middle class households declined by 4 percent from 2000 to 2014.
 
#6 The Pew Research Center has also found that median wealth for middle class households dropped by an astounding 28 percent between 2001 and 2013.
 
#7 In 1970, the middle class took home approximately 62 percent of all income. Today, that number has plummeted to just 43 percent.
 
#8 There are still 900,000 fewer middle class jobs in America than there were when the last recession began, but our population has gotten significantly larger since that time.
 
#9 According to the Social Security Administration, 51 percent of all American workers make less than $30,000 a year.
 
#10 For the poorest 20 percent of all Americans, median household wealth declined from negative 905 dollars in 2000 to negative 6,029 dollars in 2011.
 
#11 A recent nationwide survey discovered that 48 percent of all U.S. adults under the age of 30 believe that “the American Dream is dead”.
 
#12 Since hitting a peak of 69.2 percent in 2004, the rate of homeownership in the United States has been steadily declining every single year.
 
#13 At this point, the U.S. only ranks 19th in the world when it comes to median wealth per adult.
 
#14 Traditionally, entrepreneurship has been one of the primary engines that has fueled the growth of the middle class in the United States, but today the level of entrepreneurship in this country is sitting at an all-time low.
 
#15 For each of the past six years, more businesses have closed in the United States than have opened.  Prior to 2008, this had never happened before in all of U.S. history.
 
#16 If you can believe it, the 20 wealthiest people in this country now have more money than the poorest 152 million Americans combined.
 
#17 The top 0.1 percent of all American families have about as much wealth as the bottom 90 percent of all American families combined.
 
#18 If you have no debt and you also have ten dollars in your pocket, that gives you a greater net worth than about 25 percent of all Americans.
 
#19 The number of Americans that are living in concentrated areas of high poverty has doubled since the year 2000.
 
#20 An astounding 48.8 percent of all 25-year-old Americans still live at home with their parents.
 
#21 According to the U.S. Census Bureau, 49 percent of all Americans now live in a home that receives money from the government each month, and nearly 47 million Americans are living in poverty right now.
 
#22 In 2007, about one out of every eight children in America was on food stamps. Today, that number is one out of every five.
 
#23 According to Kathryn J. Edin and H. Luke Shaefer, the authors of a new book entitled “$2.00 a Day: Living on Almost Nothing in America“, there are 1.5 million “ultrapoor” households in the United States that live on less than two dollars a day. That number has doubled since 1996.
 
#24 46 million Americans use food banks each year, and lines start forming at some U.S. food banks as early as 6:30 in the morning because people want to get something before the food supplies run out.
 
#25 The number of homeless children in the U.S. has increased by 60 percent over the past six years.
 
#26 According to Poverty USA, 1.6 million American children slept in a homeless shelter or some other form of emergency housing last year.
 
#27 Police in New York City have identified 80 separate homeless encampments in the city, and the homeless crisis there has gotten so bad that it is being described as an “epidemic”.
 
#28 If you can believe it, more than half of all students in our public schools are poor enough to qualify for school lunch subsidies.
 
#29 According to a Census Bureau report that was released a while back, 65 percent of all children in the U.S. are living in a home that receives some form of aid from the federal government.
 
#30 According to a report that was published by UNICEF, almost one-third of all children in this country “live in households with an income below 60 percent of the national median income”.
 
#31 When it comes to child poverty, the United States ranks 36th out of the 41 “wealthy nations” that UNICEF looked at.
 
#32 An astounding 45 percent of all Black children in the United States live in areas of “concentrated poverty”.
 
#33 40.9 percent of all children in the United States that are being raised by a single parent are living in poverty.
 
#34 There are 7.9 million working age Americans that are “officially unemployed” right now and another 94.4 million working age Americans that are considered to be “not in the labor force”.  When you add those two numbers together, you get a grand total of 102.3 million working age Americans that do not have a job right now.
 
#35 According to a recent Pew survey, approximately 70 percent of all Americans believe that “debt is a necessity in their lives”.
 
#36 53 percent of all Americans do not even have a minimum three-day supply of nonperishable food and water at home.
 
#37 According to John Williams of shadowstats.com, if the U.S. government was actually using honest numbers the unemployment rate in this nation would be 22.9 percent.
 
#38 Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, only about 65 percent of all men in the United States have jobs.
 
#39 The labor force participation rate for men has plunged to the lowest level ever recorded.
 
#40 Wholesale sales in the U.S. have fallen to the lowest level since the last recession.
 
#41 The inventory to sales ratio has risen to the highest level since the last recession.  This means that there is a whole lot of unsold inventory that is just sitting around out there and not selling.
 
#42 The ISM manufacturing index has fallen for five months in a row.
 
#43 Orders for “core” durable goods have fallen for ten months in a row.
 
#44 Since March, the amount of stuff being shipped by truck, rail and air inside the United States has been falling every single month on a year over year basis.
 
#45 Wal-Mart is projecting that its earnings may fall by as much as 12 percent during the next fiscal year.
 
#46 The Business Roundtable’s forecast for business investment in 2016 has dropped to the lowest level that we have seen since the last recession.
 
#47 Corporate debt defaults have risen to the highest level that we have seen since the last recession.  This is a huge problem because corporate debt in the U.S. has approximately doubled since just before the last financial crisis.
 
#48 Holiday sales have gone negative for the first time since the last recession.
 
#49 The velocity of money in the United States has dropped to the lowest level ever recorded.  Not even during the depths of the last recession was it ever this low.
 
#50 Barack Obama promised that his program would result in a decline in health insurance premiums by as much as $2,500 per family, but in reality average family premiums have increased by a total of $4,865 since 2008.
 
#51 Today, the average U.S. household that has at least one credit card has approximately $15,950 in credit card debt.
 
#52 The number of auto loans that exceed 72 months has hit at an all-time high of 29.5 percent.
 
#53 According to Dr. Housing Bubble, there have been “nearly 8 million homes lost to foreclosure since the homeownership rate peaked in 2004″.
 
#54 One very disturbing study found that approximately 41 percent of all working age Americans either currently have medical bill problems or are paying off medical debt.  And collection agencies seek to collect unpaid medical bills from about 30 million of us each and every year.
 
#55 The total amount of student loan debt in the United States has risen to a whopping 1.2 trillion dollars.  If you can believe it, that total has more than doubled over the past decade.
 
#56 Right now, there are approximately 40 million Americans that are paying off student loan debt.  For many of them, they will keep making payments on this debt until they are senior citizens.
 
#57 When you do the math, the federal government is stealing more than 100 million dollars from future generations of Americans every single hour of every single day.
 
#58 An astounding 8.16 trillion dollars has already been added to the U.S. national debt while Barack Obama has been in the White House.  That means that it is already guaranteed that we will add an average of more than a trillion dollars a year to the debt during his presidency, and we still have more than a year left to go.
 
What we have seen so far is just the very small tip of a very large iceberg.  
 
We are in the midst of a long-term economic collapse that is beginning to accelerate once again.  Our economic infrastructure has been gutted, our middle class is being destroyed, Wall Street has been transformed into the biggest casino in the history of the planet, and our reckless politicians have piled up the biggest mountain of debt the world has ever seen.
 
Anyone that believes that everything is “perfectly fine” and that we are going to come out of this “stronger than ever” is just being delusional.  This generation was handed the keys to the finest economic machine of all time, and we wrecked it.  Decades of incredibly foolish decisions have culminated in a crisis that is now reaching a crescendo, and this nation is in for a shaking unlike anything that it has ever seen before.
 
So enjoy the rest of 2015 while you still can.

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Dafey

 

 

We are in the midst of a long-term economic collapse that is beginning to accelerate once again. Our economic infrastructure has been gutted, our middle class is being destroyed, Wall Street has been transformed into the biggest casino in the history of the planet, and our reckless politicians have piled up the biggest mountain of debt the world has ever seen. Anyone that believes that everything is “perfectly fine” and that we are going to come out of this “stronger than ever” is just being delusional. This generation was handed the keys to the finest economic machine of all time, and we wrecked it. Decades of incredibly foolish decisions have culminated in a crisis that is now reaching a crescendo, and this nation is in for a shaking unlike anything that it has ever seen before.

 

I agree with a lot of what DbyC says. What we see now is artificial and not apt to last. The dollar is strong now because they found/released huge oil reserves in the states bringing fuel prices down. This allows for more disposable income and eases the strain on businesses. But it won't last! Prior to this the economy was driven by OPEC's decisions. Today, the US economy is driven by insurance companies and pharmaceuticals. Attorneys/politicians play musical chairs with the law and the lobby making sure they are vested in the stocks that will benefit them the most.  

 

Ever wonder why Donald Trump is making a run for the White House? It's not for the well being of the populace but the well being of his investments. Watch the middle class shrink even more if he gets in the Oval office.

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Johnny S

 

Not so fast... 58 Facts About The U.S. Economy 
 
#1 These days, most Americans are living paycheck to paycheck.  At this point 62 percent of all Americans have less than 1,000 dollars in their savings accounts, and 21 percent of all Americans do not have a savings account at all.
 
#2 The lack of saving is especially dramatic when you look at Americans under the age of 55.  Incredibly, fewer than 10 percent of all Millennials and only about 16 percent of those that belong to Generation X have 10,000 dollars or more saved up.
 
#3 It has been estimated that 43 percent of all American households spend more money than they make each month.
 
#4 For the first time ever, middle class Americans now make up a minority of the population. But back in 1971, 61 percent of all Americans lived in middle class households.
 
#5 According to the Pew Research Center, the median income of middle class households declined by 4 percent from 2000 to 2014.
 
#6 The Pew Research Center has also found that median wealth for middle class households dropped by an astounding 28 percent between 2001 and 2013.
 
#7 In 1970, the middle class took home approximately 62 percent of all income. Today, that number has plummeted to just 43 percent.
 
#8 There are still 900,000 fewer middle class jobs in America than there were when the last recession began, but our population has gotten significantly larger since that time.
 
#9 According to the Social Security Administration, 51 percent of all American workers make less than $30,000 a year.
 
#10 For the poorest 20 percent of all Americans, median household wealth declined from negative 905 dollars in 2000 to negative 6,029 dollars in 2011.
 
#11 A recent nationwide survey discovered that 48 percent of all U.S. adults under the age of 30 believe that “the American Dream is dead”.
 
#12 Since hitting a peak of 69.2 percent in 2004, the rate of homeownership in the United States has been steadily declining every single year.
 
#13 At this point, the U.S. only ranks 19th in the world when it comes to median wealth per adult.
 
#14 Traditionally, entrepreneurship has been one of the primary engines that has fueled the growth of the middle class in the United States, but today the level of entrepreneurship in this country is sitting at an all-time low.
 
#15 For each of the past six years, more businesses have closed in the United States than have opened.  Prior to 2008, this had never happened before in all of U.S. history.
 
#16 If you can believe it, the 20 wealthiest people in this country now have more money than the poorest 152 million Americans combined.
 
#17 The top 0.1 percent of all American families have about as much wealth as the bottom 90 percent of all American families combined.
 
#18 If you have no debt and you also have ten dollars in your pocket, that gives you a greater net worth than about 25 percent of all Americans.
 
#19 The number of Americans that are living in concentrated areas of high poverty has doubled since the year 2000.
 
#20 An astounding 48.8 percent of all 25-year-old Americans still live at home with their parents.
 
#21 According to the U.S. Census Bureau, 49 percent of all Americans now live in a home that receives money from the government each month, and nearly 47 million Americans are living in poverty right now.
 
#22 In 2007, about one out of every eight children in America was on food stamps. Today, that number is one out of every five.
 
#23 According to Kathryn J. Edin and H. Luke Shaefer, the authors of a new book entitled “$2.00 a Day: Living on Almost Nothing in America“, there are 1.5 million “ultrapoor” households in the United States that live on less than two dollars a day. That number has doubled since 1996.
 
#24 46 million Americans use food banks each year, and lines start forming at some U.S. food banks as early as 6:30 in the morning because people want to get something before the food supplies run out.
 
#25 The number of homeless children in the U.S. has increased by 60 percent over the past six years.
 
#26 According to Poverty USA, 1.6 million American children slept in a homeless shelter or some other form of emergency housing last year.
 
#27 Police in New York City have identified 80 separate homeless encampments in the city, and the homeless crisis there has gotten so bad that it is being described as an “epidemic”.
 
#28 If you can believe it, more than half of all students in our public schools are poor enough to qualify for school lunch subsidies.
 
#29 According to a Census Bureau report that was released a while back, 65 percent of all children in the U.S. are living in a home that receives some form of aid from the federal government.
 
#30 According to a report that was published by UNICEF, almost one-third of all children in this country “live in households with an income below 60 percent of the national median income”.
 
#31 When it comes to child poverty, the United States ranks 36th out of the 41 “wealthy nations” that UNICEF looked at.
 
#32 An astounding 45 percent of all Black children in the United States live in areas of “concentrated poverty”.
 
#33 40.9 percent of all children in the United States that are being raised by a single parent are living in poverty.
 
#34 There are 7.9 million working age Americans that are “officially unemployed” right now and another 94.4 million working age Americans that are considered to be “not in the labor force”.  When you add those two numbers together, you get a grand total of 102.3 million working age Americans that do not have a job right now.
 
#35 According to a recent Pew survey, approximately 70 percent of all Americans believe that “debt is a necessity in their lives”.
 
#36 53 percent of all Americans do not even have a minimum three-day supply of nonperishable food and water at home.
 
#37 According to John Williams of shadowstats.com, if the U.S. government was actually using honest numbers the unemployment rate in this nation would be 22.9 percent.
 
#38 Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, only about 65 percent of all men in the United States have jobs.
 
#39 The labor force participation rate for men has plunged to the lowest level ever recorded.
 
#40 Wholesale sales in the U.S. have fallen to the lowest level since the last recession.
 
#41 The inventory to sales ratio has risen to the highest level since the last recession.  This means that there is a whole lot of unsold inventory that is just sitting around out there and not selling.
 
#42 The ISM manufacturing index has fallen for five months in a row.
 
#43 Orders for “core” durable goods have fallen for ten months in a row.
 
#44 Since March, the amount of stuff being shipped by truck, rail and air inside the United States has been falling every single month on a year over year basis.
 
#45 Wal-Mart is projecting that its earnings may fall by as much as 12 percent during the next fiscal year.
 
#46 The Business Roundtable’s forecast for business investment in 2016 has dropped to the lowest level that we have seen since the last recession.
 
#47 Corporate debt defaults have risen to the highest level that we have seen since the last recession.  This is a huge problem because corporate debt in the U.S. has approximately doubled since just before the last financial crisis.
 
#48 Holiday sales have gone negative for the first time since the last recession.
 
#49 The velocity of money in the United States has dropped to the lowest level ever recorded.  Not even during the depths of the last recession was it ever this low.
 
#50 Barack Obama promised that his program would result in a decline in health insurance premiums by as much as $2,500 per family, but in reality average family premiums have increased by a total of $4,865 since 2008.
 
#51 Today, the average U.S. household that has at least one credit card has approximately $15,950 in credit card debt.
 
#52 The number of auto loans that exceed 72 months has hit at an all-time high of 29.5 percent.
 
#53 According to Dr. Housing Bubble, there have been “nearly 8 million homes lost to foreclosure since the homeownership rate peaked in 2004″.
 
#54 One very disturbing study found that approximately 41 percent of all working age Americans either currently have medical bill problems or are paying off medical debt.  And collection agencies seek to collect unpaid medical bills from about 30 million of us each and every year.
 
#55 The total amount of student loan debt in the United States has risen to a whopping 1.2 trillion dollars.  If you can believe it, that total has more than doubled over the past decade.
 
#56 Right now, there are approximately 40 million Americans that are paying off student loan debt.  For many of them, they will keep making payments on this debt until they are senior citizens.
 
#57 When you do the math, the federal government is stealing more than 100 million dollars from future generations of Americans every single hour of every single day.
 
#58 An astounding 8.16 trillion dollars has already been added to the U.S. national debt while Barack Obama has been in the White House.  That means that it is already guaranteed that we will add an average of more than a trillion dollars a year to the debt during his presidency, and we still have more than a year left to go.
 
What we have seen so far is just the very small tip of a very large iceberg.  
 
We are in the midst of a long-term economic collapse that is beginning to accelerate once again.  Our economic infrastructure has been gutted, our middle class is being destroyed, Wall Street has been transformed into the biggest casino in the history of the planet, and our reckless politicians have piled up the biggest mountain of debt the world has ever seen.
 
Anyone that believes that everything is “perfectly fine” and that we are going to come out of this “stronger than ever” is just being delusional.  This generation was handed the keys to the finest economic machine of all time, and we wrecked it.  Decades of incredibly foolish decisions have culminated in a crisis that is now reaching a crescendo, and this nation is in for a shaking unlike anything that it has ever seen before.
 
So enjoy the rest of 2015 while you still can.

 

Well said!!

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Lee

 

 

#21 According to the U.S. Census Bureau, 49 percent of all Americans now live in a home that receives money from the government each month, and nearly 47 million Americans are living in poverty right now.

That one is a little misleading since a lot of people are now on EARNED Social Security, as many boomers have reached that age but otherwise those are some startling numbers and if most are true, how can anyone say that this president has done a good job. :( We are in deep shite people and if it keeps going, then there will be no more social security for those of us who worked for it, and contributed to it, and instead it will be going to the illegal aliens and the uneducated part of the aliens brought in who refuse to work and instead will become an additional burden on society. When will some people with their heads in the sand wake up, probably after it is too late and they lose their social security or the country goes broke and then and only then once it affects them will they realize the rest of us had warned them all along.

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Irenicus

It's so good to be an American.

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death_by_cupcake

Consider yourself fortunate.  

 

If you have no debts and $10 in your pocket, you have more weath than 25% of all Americans. 

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Lee

Consider yourself fortunate.

 

If you have no debts and $10 in your pocket, you have more weath than 25% of all Americans. 

I disagree, it is not fortunate, it is from good planning and hard work. Too many people spend more than they make, or all that they make, so living below one's income has its own rewards, comes retirement time and during one's lifetime. It is very much about knowing the difference between wants and needs. 

BTW 47 to 1 is great to see, hope to see 50 to 1 soon.

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TorJay

Yesterday, CAD1.00  =  Php33.70

Five years ago, CAD1.00  =  Php44.20 and has been on a steady decline every since.  The price of oil hasn't helped the CAD either. :(
 

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USMC-Retired

Consider yourself fortunate.

 

If you have no debts and $10 in your pocket, you have more weath than 25% of all Americans.

True I guess net worth wise. Many including my self have mortgages. Debt has to be categorized. Also there are two huge things that play against this: illegal first generation immigrants, and baby boomers retiring. So the numbers are misleading to fit an agenda.

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death_by_cupcake

True I guess net worth wise. Many including my self have mortgages. Debt has to be categorized. Also there are two huge things that play against this: illegal first generation immigrants, and baby boomers retiring. So the numbers are misleading to fit an agenda.

 

I'm not sure what a mortgage has anything to do with it.  Debt is debt... no other way to look at it.  Immigrants and retiring baby boomers don't fit in the picture.  No reason to pass blame.  Still having debt into retirement age is probably due to lack of planning.  

 

Net worth is assets minus liabilities and my point was 25% of American's don't have a net worth of even $10.

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USMC-Retired

All debt is not equal. A purchase that will increase in value is not the same as unsecured debt. Not many can place 250k down on a home. Thus you get debt. As appraisal values are much less then actual values. The article to include that statement are biased and spin a web to fit an agenda. The middle class is failing and the 1% are getting richer. It is a common leftist theme and there are many more facts then raw numbers that have been twisted.

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death_by_cupcake

All debt is not equal. A purchase that will increase in value is not the same as unsecured debt. Not many can place 250k down on a home. Thus you get debt. As appraisal values are much less then actual values. The article to include that statement are biased and spin a web to fit an agenda. The middle class is failing and the 1% are getting richer. It is a common leftist theme and there are many more facts then raw numbers that have been twisted.

 

You are assuming all real estate appreciates when in fact nearly none appreciate.  Those that seem to appreciate on the surface are merely keeping up with inflation.  In the U.S. inflation has averaged about 3.2% a year since 1913. A general look at the rate of appreciate for residential real estate has about the same rate.  Like I said, debt is debt and the increase in the value for the US dollar is based on debt.  A strong dollar is bad for the US economy in that it decreases exports.  

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delancey

Complete citations are an obvious must because when a large block of information is overwhelmingly positive or negative tne point of it is usually not objectivity,

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