dollar vs. peso

[tadjock]

itall comes down to cost of living...malaki nga kita mo kaso cost of living sa kinalulugaran mu...ang taas...eh di wala dn

[beerboy]

Not really. The prices of meat and poultry products in Europe for example are just slightly higher compared with
that in the Philippines. Most electronic devices are cheaper. A single room condo unit in Manila costs almost the
same with a similar unit in bigger cities in Western Europe and 5x more than in Eastern Europe. And come to think
of it, that the salaries in the Philippines are significantly lower.

I somewhat agree that the costs of consumer prices are slightly expensive in Europe but it depends what products. I also agree that some electronic products cost less in Europe than in Philippines(theres a lot of reasons why that i dont like to discuss them, im lazy to think) .

Are you sure that apartments in Manila and major cities in Western Europe costs the same!?!??!?!?! Its very wrong. I dont know about East Europe, never been there. Most people in Europe still lives with their parents even if they are old. Most of them even ask for money to buy a house. Housing problems is one of the big problems in Europe. There is a huge shortage of houses making its prices high.

Here is a link for apartment rent in Manila, they basically cost around 50K Pesos. These are prime locations and huge houses. 50K Pesos is only a single bedroom apartment in some major European cities. Youd even be lucky if the apartment is near a Metro station or even near the city center. Then the normal salary of a European ranges from 1000? up to 2000?. 2000? is already huge these are people working in the office. They seem huge to Filipinos but a normal rent cost say 1200? and bills cost say about 300?. Seriously!!! Nothing is left. If you live in Europe they tax you a lot, they are socialist countries. Even in the US, they also tax a lot of their citizens. IRS? Youre dead....

Basically, food in Europe and Philippines cost almost the same. Houses or apartments costs a lot more in Europe than in Philippines. So wherever you go, if you dont work hard and sacrifice, you are not going to be able to save money. Its the same wherever you go in the world.

[femmedelicieux]

^That's true. You may be earning dollars/euro but you also spend in dollars/euro. A relative of mine works as a nurse in the U.K. Rent eats almost half her salary, the rest goes to food, bills, transportation and other expenses, plus some money to send home to her family. Ang liit ng naiipon niya. It's the same thing with my mom and cousins who live in the U.S. In fact one cousin (a single mom) decided to bring her kids back here because she can't afford a nanny to take care of them while she's at work. Hindi katulad dito na kahit average income earner lang ay may katulong.

Many OFW families expect that because their relatives are already working in these rich countries, they are also wallowing in plenty. What they don't realize is that the cost of living is also high in these countries. The only time na mataas ang value ng dollar/euro is when they send it here and their families spend it in pesos.

[jamesdeal]

Nung lumiit ang palitan mula 56, bumaba at lumiit ng lumiit, ang sabi ng ilan na nasa gobyerno natin eh lumalakas daw ang piso at umaangat daw ang ekonomiya ng Pilipinas.

Bakit ngayong tumataas na naman ang palitan ng piso sa dollar, iba naman ang kanilang dinadahilan, dahil daw umaangat ang ekonomiya ng US…, diba dapat ang sabihin nila eh kabaligtaran nung sinabi nila noon na lumalakas at umaangat ang piso at ekonomiya ng Pilipinas?

Diyan magaling minsan ang ilan sa ating mga nasa gobyerno ang maglinlang sa ating mga kababayan.

May factor talaga ang paglago o pag-pangit ng ekonomiya ng Pilipinas sa palitan ng dollar at Peso, pero ito ay napakaliit na porsyento lamang base sa mga nagdaan na mga taon na palitan. Ang tunay at malaking poryento rito ay nakabase sa kalagayan ng ekonomiya ng US at hinde ang ekonomiya natin.

[insider]

Basta ako mas gusto ko na tumaas ang palitan ng Dollar..........useless din kasi dahil kahit bumaba ang palitan ng dollar ay mataas parin ang bilihin sa atin, ang nakikinabang lang ay ang mga negosyante pero tulad namin mga OFW ay luging-lugi.

[jamesdeal]

Peso-Dollar Exchange Rate
Official Government Rate
P47.095 = USD1.00
Close
As of September 15, 2008 4:40 PM
Disclaimer: These are based on Philippine Dealing System rates. Actual bank rates may vary.


Hataw pa!!! sana bumalik ulit sa P50.00 kada isang dolyar, para lalong sumaya mga kaibigan kong OFW....

[blueberry_mill]

^^OFWs lang ba ang apektado? Mas apekatado kaya ang mga nandito sa Pilipinas pag naging 50 ang palitan Piso. Mas mataas ang presyo ng mga iniimport na bilihin dahil mas mataas ang conversion. Mas maraming Pilipino ang mahihirapan dahil mas maraming Pilipino ang hindi umaasa sa OFW dahil mas maraming Pilipino ang walang kamag-anak na OFW.

Yang mga squatter diyan na nabubuhay on a daily allowance, wala namang aasahang padala iyan mula sa mga OFW. Ilan ba ang may inaasahan abroad kumpara sa mga walang inaasahan? Bayani ngang maituturing ang mga OFW at some point pero mas marami ang naghihirap dito na walang nakukuhang dolyar at apektado pa lalo dahil sa mataas na conversion.

[femmedelicieux]

Nung lumiit ang palitan mula 56, bumaba at lumiit ng lumiit, ang sabi ng ilan na nasa gobyerno natin eh lumalakas daw ang piso at umaangat daw ang ekonomiya ng Pilipinas.

Bakit ngayong tumataas na naman ang palitan ng piso sa dollar, iba naman ang kanilang dinadahilan, dahil daw umaangat ang ekonomiya ng US…, diba dapat ang sabihin nila eh kabaligtaran nung sinabi nila noon na lumalakas at umaangat ang piso at ekonomiya ng Pilipinas?

Diyan magaling minsan ang ilan sa ating mga nasa gobyerno ang maglinlang sa ating mga kababayan.

May factor talaga ang paglago o pag-pangit ng ekonomiya ng Pilipinas sa palitan ng dollar at Peso, pero ito ay napakaliit na porsyento lamang base sa mga nagdaan na mga taon na palitan. Ang tunay at malaking poryento rito ay nakabase sa kalagayan ng ekonomiya ng US at hinde ang ekonomiya natin.

Can you prove that statement of yours na "Ang tunay at malaking poryento rito ay nakabase sa kalagayan ng ekonomiya ng US at hinde ang ekonomiya natin"? What do you mean "base sa mga nagdaan na mga taon na palitan?

The economic growth is borne out by the facts. Last year the country saw its highest economic growth in 30 years at 7.3% GDP growth, while inflation was at a 20-year low of 2.8 percent. It was also true that the peso strengthened to around P40=$1. This was attributed to a large remittance inflow, a reviving tourism sector, expected rise in direct foreign investments, hot money investments in our capital markets and the large quantity of Filipino deposits in foreign currency accounts.

But then there are the surging food and oil prices that induced inflation and held back consumer spending. Hindi lang naman Pilipinas ang naapektuhan ng pagtaas ng presyo ng pagkain at krudo. Pasalamat na lang tayo at hindi bumulusok ang piso. But as can be seen here you are even thankful that the peso is weak. So much for blaming the government for lying to the people when there are Filipinos who even celebrate national weakness as long as they personally benefit from it.

Hataw pa!!! sana bumalik ulit sa P50.00 kada isang dolyar, para lalong sumaya mga kaibigan kong OFW....

[nwhatdheck]

Hataw pa!!! sana bumalik ulit sa P50.00 kada isang dolyar, para lalong sumaya mga kaibigan kong OFW....

Nakakatuwa ang hiling mo, tumaas ang dollar para lang sumaya ang kaibigan mong OFW, hindi ba dapat magappreciate para umunlad ang ekonomiya ng Pilipinas at maraming masave sa pambayad ng utang na panlabas natin? tsk tsk tsk.

[KillaCrab]

i don't want it to go up or go down.. just be stable in a certain range

[drhenry4]

In a global economy, economists should realize the significance of an undervalued currency (depreciated) based on the following:
That profitability of investment decreases in a "strong" currency;
That lowers the private sector's interest to invest inspite of low interest and low inflation, as we've seen in the past 5 years of GMA.

Since at present, the OFWs are the prime movers of the Phil. economy since the Asian financial crisis, and since they are a very strong hold right now in the presence of a financial crisis in the US, a depreciated peso, even to the point of reaching P60 level, would be favorable to Philippines. This situation would drive domestic growth.

The bitter pills would be high inflation rates and government deficits.

There would be a certain degree of trouble for a meantime but the long term effects would be stable and sustainable.

[jamesdeal]

Mas mataas ang presyo ng mga iniimport na bilihin dahil mas mataas ang conversion.

Dipende kung saan galing ang ini-import.

Yang mga squatter diyan na nabubuhay on a daily allowance, wala namang aasahang padala iyan mula sa mga OFW. Ilan ba ang may inaasahan abroad kumpara sa mga walang inaasahan? Bayani ngang maituturing ang mga OFW at some point pero mas marami ang naghihirap dito na walang nakukuhang dolyar at apektado pa lalo dahil sa mataas na conversion.

Can you prove that statement of yours na "Ang tunay at malaking poryento rito ay nakabase sa kalagayan ng ekonomiya ng US at hinde ang ekonomiya natin"? What do you mean "base sa mga nagdaan na mga taon na palitan?

The economic growth is borne out by the facts. Last year the country saw its highest economic growth in 30 years at 7.3% GDP growth, while inflation was at a 20-year low of 2.8 percent. It was also true that the peso strengthened to around P40=$1. This was attributed to a large remittance inflow, a reviving tourism sector, expected rise in direct foreign investments, hot money investments in our capital markets and the large quantity of Filipino deposits in foreign currency accounts.

Kung hindi ako nagkakamali, noong taong 2004 o 2005, umabot ang palitan hangang P56.00 pesos kada isang dolyar, tapos noong nakaraang taon naman e P40.00. Nabago ba buhay ng mga nasa squatter? Gumaan ba buhay ng mga mamayang Filipino? Na-mura ba ang mga bilihin? Hinde, hindi po ba? Bagkus dumami lalo ang mga walang trabaho, dumami ang mga hindi na kumakain ng tatlong beses sa isang araw, dumami pa lalo at nahinto sa pag-aaral ang ating mga kabataan, iyan ba ang sinasabi ninyong umaangat ang ekonomiya natin? Mahal ko rin ang Pilipinas, tulad siguro ng inyong pagma-mahal rito marahil.

Kung inyong susuriin, noon ang palitan ay bumaba sa P40.00 kada isang dolyar mula sa P56.00 noong 2004 o 2005, iyan ay sa dolyar lang nangyari at hindi po nangyari sa ibat-ibang mga currencies na kagaya ng Europa, Canada, Australia at marami pang iba at nangangahulugan lang na ang pag-lakas o pag-hina ng ekonomiya ng US ay diyan naka-dipende ang palitan ng peso sa dolyar base sa taong nakapaloob diyan. Iyan po ay aking sariling analysis at obserbasyon. At kung naghahanap po kayo ng ibidensya tungkong sa mga nakaraang Currencies Exchange Rates, sa banko po, mayroon….

[jamesdeal]

maraming ma save sa pambayad ng utang na panlabas natin? tsk tsk tsk.[/size][/i]

tama ka diyan at iyan ay isa sa mga disadvantages talaga pag lumalaki ang palitan. Pero ano ang ginagawa ng gobyerno natin ukol dito, binabawasan ba utang natin noong mga panahong lumiit ang palitan o dinadag-dagan pa lalo utang natin?

[jamesdeal]

Peace po sa lahat.... tumaas ulit...

Peso-Dollar Exchange Rate
Official Government Rate

PDS Wtd. Avg.
P47.200 = USD1.00
As of September 16, 2008 5:25 PM

Disclaimer: These are based on Philippine Dealing System rates. Actual bank rates may vary.

[beerboy]

i don't want it to go up or go down.. just be stable in a certain range

TAMA!