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The dollar to Philippine peso exchange rate is quite low right now. A lot of people have asked me “What is up with the dollar?” Or “Why is the peso so strong?”
I don’t think it is as much of the matter of a strong peso as it is a weak dollar. Though there is speculation that Bangko Sentral ng Philipinas will raise rates, so far they have not. This speculation caused the value of the peso to rise a bit. That was back in February.
With the monetary policy in the United States geared to getting the American economy back on track, thinks could be worse. The dollar continues to near the P44 level. it has been a little below that lately. As I type this one dollar gives us 43.43 Philippine peso. That downward trend thatI feared a few months ago, is still with us. I hope it doesn’t continue downward. Seeing it inch back up to P45 would be very welcome at this point.
With inflation fears low for those living in the Philippines and US public debt near record highs, I wouldn’t expect the dollar to rise a lot in the near future. I don’t think the dollar will necessarily fall much either though. I can live with stable. The Philippines also has high public debt. …
Does the value of the Peso rise against the US dollar in December? I don’t think so, it hasn’t for the last two years.
My research indicates that this is a myth. I looked back in history using Google Finance and I just didn’t see this as a steady trend. How it had been explained to me made sense but it just doesn’t work out that way.
Another look at why government’s hurt the economy by overvaluing its currency. I will also be revisiting the US dollar exchange rate for December 2010.
Expats living in the Philippines love to complain about the strong Philippine Peso. This is usually followed with accusation of unfair manipulation by the central bank of the Philippines.
The dollar often falls in relation to the Philippine Peso during the month of December. I think we have a chance to see the dollar rise in December 2010. I can’t say for sure. Currencies go up and down quickly. They react very quickly to news, good or bad. Right now though, the Euro is…
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