In 2005, 1 US$ = 56 Php. Now, 1 US$ = 48 Php?

F

flipperr

New member
This is not a result of a strong Peso as opposed to lower interest rates from the US Federal Reserve. This was caused by cheap money during the housing boom. It is possible that the dollar may lose more of its value in the future.

However, I would think twice about converting money into Philippine Pesos. The Peso is not exactly the most stable and secure investment currency wise. So I would rather invest in stronger currencies.

Other currencies to consider: Swiss Franc, Japanes Yen, Australian Dollar, Singapore Dollar.
 
I really dont care 1 kilo chicken is 100pesos before now its 120pesos and the chicken is imported what happen to the dollar deflation
 
This is not a result of a strong Peso as opposed to lower interest rates from the US Federal Reserve. This was caused by cheap money during the housing boom. It is possible that the dollar may lose more of its value in the future.

However, I would think twice about converting money into Philippine Pesos. The Peso is not exactly the most stable and secure investment currency wise. So I would rather invest in stronger currencies.

Other currencies to consider: Swiss Franc, Japanes Yen, Australian Dollar, Singapore Dollar.
 
If I have $100,000 in 2005, it would have a value equivalent to 5,600,000 pesos. Now, it's just 4,800,000. So in a span of 4 years, 800,000 was lost.

By looking at this trend of US$ weakening, is it safe to assure that 1 US$ will be just 40 Php by year 2013? Is it wise to convert US dollar to philippine pesos today?
 
Dollar will collapse in the future eventually. and will soon be converted to one monetary system called "Amero". America/Canada/Mexico-North American Union. Google it/youtube. My suggestion is Euro its stronger than peso.
 
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