Philippine peso goes higher....
@myworld_and_you (1223)
Philippines
April 25, 2007 12:15pm CST
To all Filipinos, what can you say about the current exchange rate of Philippine peso? I have heard on the news that as of today, April 25, 2007, the exchange rate of Php to USD is now around Php47.00. If I'm not mistaken, last week it was still around Php 48.00.
As a concerned citizen, are you happy with the increase of our exchange rate? Are you glad that Pres. GMA had done something good with our economy?
Look, I'm not promoting GMA here or any other politicians in the government. I just would like to know your opinion regarding this matter.
Are you affected with the change?
Personally, I am affected both positively and negatively. I say negatively because I must admit that I have a dollar account and if it will be exchanged to our local currency at this moment, it would already be much lesser compared to the rate we had before which was even Php 55.00- USD 1.00.
However, I would not want to sound selfish too. lol. There's much positive result to this because it depicts that there's a growth now to our economy.
What do you think? Please do share your thoughts. :)
2 people like this
5 responses
@maryannemax (12156)
• Sweden
25 Apr 07
i look at it positively even if my investments are all in US dollars. it just means that the economy is getting better. and i hope filipinos for one time in their lives feel happy about the positive changes happening.
just sad that no matter how strong the peso will be, there are still lots of filipinos who aren't happy and satisfied. we are slowly progressing... progress does not happen in a matter of minute or day. it takes time to make it possible. and instead of working together and be happy with positive results, people are so negative about everything. i wonder why filipinos won't get anywhere... crab mentality, huh?
@myworld_and_you (1223)
• Philippines
25 Apr 07
I believe crab mentality has something to do with this too. But not really the main factor. Yes, I'm also glad that Philippines is already progressing and hopefully won't stop progressing. :) I can see the changes. And I think the other factor that cause Filipinos to see things negatively is that we have this innate nature that we want things to happen right away. And if an official can't do it right there and then, here's when people say negative things about him or her, without thinking that it's not only these officials who can affect the growth and development in our country but all ordinary Filipinos as well.
@maryannemax (12156)
• Sweden
25 Apr 07
you have a point.. unless we work hand in hand together, we won't really progress right.
be happy for the progress. if you find something wrong, atleast open up about it. rather than keep on stating negative thoughts about everything.
@mskzalameda (4023)
• Philippines
5 Jun 07
fifty fifty. I am glad that Philippines is improving, having that kind of exchange rate.
I am sad too. even if the peso rate has reached that, still, the Filipinos can't feel that. It is like just for the visual look of our country. The poor still has no food to eat even if the status becomes better.
The tuition gets higher and higher every year. The one who supports my education is from the US and having that kind of exchange rate gives us problems as to where will we get the excess we needed to complete the fee.
The mylot exchange rate will also be down ha ah! my earnings will be lower than expected because of this ha ha
so, all in all, its mixed feelings. =)
@erikbench (169)
• Philippines
25 Apr 07
i'm not glad about it.. in fact, i doubt that the data is legit.. my idea is that some powerful people are manipulating the info for their own sakes.. you know what i mean..
@gasmas100 (585)
• India
25 Apr 07
mate, in our case, the Indian Rupee is getting stronger against the dollar.....while it was 45++ to a $ ayear back, today, it is at almost 42.
The Philipines being an off shore destination like India, it is essential that the currency remain low so that more projects could come down as they would get more value in terms of output relatives as well as lower labour at the same if not better and higher in terms of efficiency.
The currencies need to weaken against the $
