one US dollar vs one philippine peso

The culprit here is the oil increases.When the oil price increases in the world market,they easily raise the prices of oil and other oil products.The oil increase has a domino effect on all the commodities here in the Philippines,or even the services rate.They also increase their prices(the local commodities).If the price of oil decreases in the world market,the oil companies decrease their prices by centavos,say 10 to 50 centavos,while the prices of the local commodities remains.Another oil increase,another commodity increase,this is going on and on,since the 70's.

the strength of an economy can't be sufficiently measured by exchange rate. even if we have one peso to a dollar, i don't think our economy will all be better than before. however, any increase or decrease in the peso value against a dollar will have an impact on individual and microenterprises. but for the macro or national level, the benefits and disadvantages will cancel out each other. the exporters and OFWs will dislike the increase of peso value while the government that pays debts in dollars and importers will benefit from the strngthening of the peso.

You're right. They're very proud that the peso is becoming stronger but instead of retaining at least the prices before, they even went up and still going up. Those who receive dollars lose much and those who have no dollars gain nothing from the rise of the peso against the dollar and because the prices even went up, consumers, both dollar recipients and non recipients, are losers. And who are gaining? Of course, the capitalists. And who are the capitalists? Of course, GMA group. They are experts in playing the game.

You're right. They're very proud that the peso is becoming stronger but instead of retaining at least the prices before, they even went up and still going up. Those who receive dollars lose much and those who have no dollars gain nothing from the rise of the peso against the dollar and because the prices even went up, consumers, both dollar recipients and non recipients, are losers. And who are gaining? Of course, the capitalists. And who are the capitalists? Of course, GMA group. They are experts in playing the game.

Well, yes we do not feel the effect of the rising of the peso vs dollar. With us who is working on line, Its not a good news to us... its because we exchange our earnings for lower amount. Also for the OFW, the rising of the peso means lowering of the value of their money. Then here in the country, prices of goods just keep on going up.

I know your sentiments. Life is really hard here in the Philippines. One fulltime job can't even cover up all your expenses. It is just for survival. We can't blame those OFW if they're leaving the country.

It is the same way in the United States! If the value of the houses goes down, the rent prices still stay the same! The price of everything goes up even if the salaries go down. Inflation ruins everything!

I think, a simple Juan Dela Cruz will not be able to feel the change in our economy because the things that are quite vital in our existence is not that affordable. It costs a lot which kind of sad. You would wonder who gets to savor the "change" in our economy. Is the gap between the poor and rich getting wider? Sigh.