I cashed out way too Early :(

Calgary, Alberta
September 26, 2016 4:06pm CST
Last Friday I decided to withdraw all the US dollars of my Paypal account that I earned from different websites. A US dollar have the value of 46 Philippine Peso when I cashed out. Now just of Today,the value of a dollar is 48 Philippine Pesos. I cashed out way too early. I would have got a few more thousand Pesos. Now I just realized how crucial it is for me to watch the economy.
6 people like this
7 responses
Cristy
@magallon (19280)
• Philippines
27 Sep 16
I have cashed out earlier than you... How I wish I didn't.. If only we knew that dollars will have higher value today...
Your Highness Emperor Albert Whisker
@CaptAlbertWhisker (32512)
• Calgary, Alberta
27 Sep 16
My impatience lost me a lot of pesos for sure. I never expected something this major will happen to Us dollars.
1 person likes this
Your Highness Emperor Albert Whisker
@CaptAlbertWhisker (32512)
• Calgary, Alberta
28 Sep 16
@magallon I have a new frustration, Paypal's service got worst. I use to wait for 3 days to get my money. Now its 7 days.
2 people like this
Cristy
@magallon (19280)
• Philippines
28 Sep 16
@CaptAlbertWhisker It\s alright... You will have more earnings in the future.
O'Kennedy
@OKennedy (1130)
• United States
27 Sep 16
yes when you are doing money conversion it is something that can affect you in a big way.
Your Highness Emperor Albert Whisker
@CaptAlbertWhisker (32512)
• Calgary, Alberta
28 Sep 16
For some reason I make more money when my country's economy suffers.
1 person likes this
O'Kennedy
@OKennedy (1130)
• United States
28 Sep 16
@CaptAlbertWhisker The economy here has been pretty consistent down in the dumps lol. making money is a headache.
celticeagle
@celticeagle (159887)
• Boise, Idaho
31 Oct 16
Live and learn huh?
Raine38
@Raine38 (12257)
• United States
30 Oct 16
That could mean a few more pesos, but then the exchange rate is volatile or erratic. You just made a judgment call and while it is not the best, it definitely is not the worst. Just keep doing what you do and you will be able to recoup your "loss".
@acelawrites
@acelawrites (19273)
• Philippines
26 Sep 16
And Paypal charges high when you withdraw less than $100 and they usually pays in lesser dollar value than the current prevailing exchange rate.
Your Highness Emperor Albert Whisker
@CaptAlbertWhisker (32512)
• Calgary, Alberta
27 Sep 16
I don't withdraw below 7000 pesos because of that. I care about that 50 peso fee if I withdraw under.
Pinay Ako
@AkoPinay (11544)
• Philippines
30 Oct 16
I use my online earnings to reload my prepaid mobile phones so I don't care about exchange rates
Your Highness Emperor Albert Whisker
@CaptAlbertWhisker (32512)
• Calgary, Alberta
30 Oct 16
I am not in the Philippines anymore. Exchange rates dont feel as good anymore because Canada have high cost of living.
1 person likes this
rebel_woman06
@SIMPLYD (90722)
• Philippines
4 Oct 16
Yes, the dollar exchange to peso have gone up . Poor peso , its purchasing power has gone down again . Though at lest a dollar gets more peso for exchange .