The dollar to Philippine peso rate has been improving over most of the last few months.

This week it hit a six month high of around 43.5 peso to 1 USD.

It closed on Thursday still in that range:

 

Key Rates

22 September 2011
US$ 1.00

PhP 43.472
Repo Rate

6.50%
Reverse Repo Rate

4.50%
Inflation Rate (Aug ’11)

4.3%
91-day T-bill Rate

0.690%
Gold Buying/ troy oz.

US$1782.05
Silver Buying

US$39.65

Exchange Rate Bulletin

At the same time the dollar is rising the DBS group out of Singapore announced that the dollar would likely stay in this range throughout the rest of 2011.  They also made bold predictions into the first half of next year but I do not put much weight in currency projections that far out.

I have never seen a long term currency projection by the expert bear fruit yet and I do not believe it will this time either. They made predictions that are like throwing darts into sea hoping they’d catch a fish.

I’ve learned enough about forex trading to know that the currency market is volatile and nearly impossible to predict in the long term