What's the currency in your place?
By Theresaaiza
@Theresaaiza (10487)
Australia
15 responses
@Theresaaiza (10487)
• Australia
9 Apr 09
Wow, I'm overwhelmed by the figures. Anyway, thanks for the info! :-D
@playapal (894)
• United States
7 Apr 09
Hi Theresa, I am from the US living in Mexico for the past 6 years. Our currency is also called the peso. Right now our peso has been devaluing it takes about 15 pesos to equal a dollar. This is very good for people that have dollars to spend they think everything is really cheap here. Because I have lived here so long I only have peso's so it doesn't help me. This time last year it was about 11 to 1. The devaluing of the peso has raised prices here, somehow they are tied to the US dollar. So food is getting more expensive. Thats one of the reasons I'm online so much anymore, making some extra money
1 person likes this
@Theresaaiza (10487)
• Australia
9 Apr 09
Oh that's sad to hear. I guess we all are affected by this global recession, right? I do hope things will be better in your place.
I have goals by joining online paid-to sites too. Good luck to us!
@bluishrose (2289)
• Philippines
3 Apr 09
Hi sis, im from philippines too. The currency is peso exchange rate would P48.00 - $1 sis 
@Theresaaiza (10487)
• Australia
7 Apr 09
If I have some dollars sent by relatives abroad, I try to condition my mind that it's $46 too so that when I have it converted, the amount I would be getting would exceed my expectations....because it's actually 48$!
@mysdianait (66009)
• Italy
3 Apr 09
Italy calling!
Here it's €uros and $1 = €0.74.
Could be worse I guess 
@mysdianait (66009)
• Italy
7 Apr 09
Absolutely!
I don't think it is any sort of indicator at all. If I earn lots of euros but prices are high then the cost of living is bad but if I earn lots of euros and (for example) the pound is low because of a good exchange rate then things would cost less for me if I buy them inpunds BUT maybe those working and being paid in pounds are having a hard time because the prices are high for them.
Theresa please don't get me caught up in this stuff cos I'm not good at explaining it at all 
@Theresaaiza (10487)
• Australia
9 Apr 09
Hehehe....don't also get me caught up in this because I have a hard time understanding! LOL
1 person likes this
@Theresaaiza (10487)
• Australia
7 Apr 09
Well I don't think the exchange rate is the only indicator whether the economy is good or bad, right?
1 person likes this
@bombshell (11256)
• Germany
4 Apr 09
where i am now is euro but i prefer from euro to peso coz i guest today if i am right its 64 peso one euro
@Theresaaiza (10487)
• Australia
7 Apr 09
I heard a lot of stories from OFWs that they'd prefer sending the money here than spending it there buying things because the prices of goods are too high.
How true?
@bombshell (11256)
• Germany
8 Apr 09
yes what you heared is corek! just like here if you send goods you pay 156 euro just a box like the size of 24 bottles of tanduay or ta make it fair abit higher box so i rather send the money than sending stuff there.
@Theresaaiza (10487)
• Australia
7 Apr 09
I see. I'll remember that! So RM1 is equivalent to roughly about 144 pesos.
@maximax8 (31053)
• United Kingdom
4 Apr 09
I am from the United Kingdom and our currency is called sterling. It is pounds and pence. Like a book might cost £4.99p that would mean it four pounds and ninety nine pence. One hundred pence make one pound. There are coins 1p, 2p, 5p, 10p, 20p, 50p, £1 and £2. There are notes £5, £10, £20 and £50.
@jpso138 (7851)
• Philippines
7 Apr 09
Well dear friend, I am in the same country as yours. So obviously I do not have to answer anymore. Have read some of the responses and was just excited to what you have started. It seems that aside from knowing the currency, we get to know where does other members of mylot come from. Great idea indeed.
@donnakristel (1704)
• Philippines
7 Apr 09
hi...me too...Philippines Peso.
i guess, i convert a dollar to 47 Philippines Peso. because 48 is too much..sometimes 46.
@Theresaaiza (10487)
• Australia
9 Apr 09
I'd rather go for 46 so I won't be expecting too much. :-)
@agrim94 (3805)
• India
3 Apr 09
I am from India and our currency is Rupees. Right now it is about 51 rs to a dollar. It was about 40 a year back before the recession, since then lots and lots of dollars have been taken out by foreign financial institutions and so when they brought dollars the rupee fell.
@Theresaaiza (10487)
• Australia
7 Apr 09
I really don't understand much how the exchange rates fall or rise. I could remember that a dollar was 25 peso. But now, it's 40+. All I know is that when the equivalent peso to a dollar is lesser, the economy of the country is said to be strong. Am I right?
@Theresaaiza (10487)
• Australia
7 Apr 09
HI kapwa pinoy! Yeah, I call this my money talk but on a lighter note! 
@Colmuc (707)
•
7 Apr 09
I live in Germany where we also use the Euro.
When the Euro was introduced at the end of 1998 1 Euro was worth 1.18 Dollars.
It dropped as low as 82 cents in 2000 but quickly recovered and today it is worth 1.34 dollars. It has simplified travel within Europe considerably since the same currency applies in 16 different countries. The UK, Switzerland and Sweden still have their own currencies.
@Theresaaiza (10487)
• Australia
9 Apr 09
Thanks for the information Colmuc. Our currency is such too because Philippines used to be a colony of Spain. Mexico, which is a spanish colony also uses peso. :-)
@balaji3108 (21)
• India
3 Apr 09
Iam from india our currency is indian rupee .One dollar is equvalent to forty eight rupees. we have not been effected by the global recession severly and hope global recession will be recovered sooner
@Theresaaiza (10487)
• Australia
7 Apr 09
Oh I see we have the same exchange rate. They tell us as well that our economy is not very much affected. Although we do have many financial problems at present. It's been like this for years.
