Dollar to Philippine Peso

The dollar to Philippine Peso rate of exchange appears to be trending upward for the dollar.

Dollar to Philippine peso

In the short term however, I have learned that looking to fundamentals of markets is not a very good indicator of where a currency will head. It seems that “market sentiment’ is the key factor in the short term.

That is, what investors think will happen. Over the long term, fundamentals take a much larger position to determine the value of a currency’s value. And that value is a direct result of supply and demand.

The US economy is not doing well over the last few weeks. Unemployment claims have been up and manufacturing is growing less than expected. Consumer confidence is also falling which means Americans will be spending less on non essential good.

Forex traders are looking for the Fed to increase interest rates but under these conditions, it is just not very likely. Increasing interest rates is one tool to slow down an economy. The USA does not have that problem. Could it mean the Fed will return to its policy of “creating money?”  I don’t now the answer. It is the only tool left the Fed has. It will need to give away money in order lower rates. I’d get in line.  However, I suspect it wouldn’t be an option for people like me. Actually, I’m sure of it.

Inflation rates look like they will remain at around 1.5% for the year. Mostly because of the slow growth. There are just no indicators to suggest the Fed should raise the interest rate. It would be great for me as it would improve the dollar to Philippine peso rate of exchange.

The biggest thing helping the dollar is higher inflation in the Philippines and the Greek debt crises.

I.  CONVERTIBLE CURRENCIES WITH BANGKO SENTRAL:
1 UNITED STATES DOLLAR 0.704523 43.493000
2 JAPAN YEN 0.008741 0.539600
3 UNITED KINGDOM POUND 1.137523 70.223800
4 HONGKONG DOLLAR 0.090579 5.591800
5 SWITZERLAND FRANC 0.829925 51.234500
6 CANADA DOLLAR 0.716926 44.258700
7 SINGAPORE DOLLAR 0.567889 35.058100
8 AUSTRALIA DOLLAR 0.742779 45.854700
9 BAHRAIN DINAR** 1.868959 115.378300
10 KUWAIT DINAR
11 SAUDI ARABIA RIAL 0.187873 11.598100
12 BRUNEI DOLLAR 0.565609 34.917300
13 INDONESIA RUPIAH 0.000082 0.005100
14 THAILAND BAHT 0.023024 1.421400
15 UNITED ARAB EMIRATES DIRHAM 0.191822 11.841900
16 CHINA YUAN*** 0.108816 6.717700
17 KOREA WON 0.000654 0.040400
18 EUROPEAN MONETARY UNION EURO 1.000000 61.734000

The dollar to Philippine peso exchange rate reached a total 43.77 this week. It has now fallen to 43.65 as of 9:30AM in the Philippines. My wishful thinking set in and I hoped it would go over 44 by the end of the month. The dollar to Philippine peso rate of exchange still might but I don’t know that it will. I suspect that the trend is upward now but there will be ups and downs.

In the short term, it has been said the best forecast method on the rate of exchange for the dollar to Philippine peso is whatever it is right now. Visit dollar to Philippine peso for related articles in this category.