DOLLAR rate is getting lower, PESO gets on high..hmmmm..??
By yukyrob
@yukyrob (167)
Philippines
June 3, 2007 9:23pm CST
my husband work on abroad we earn dollars but how sad the dollar rate is get in a lower rate, i dont think its good, i cant feel that our economy is getting on rise, look out the peso its that really getting stronger? look at the market price its still on high, the transporation price they want to an increase on our petroleum, what next all of our product will have a price increase. how sad to the filipino people we suffer on this corrupt government.
1 response
@inday312saylon (747)
• Philippines
4 Jun 07
The strengthening of the peso poses both advantages and disadvantages to us Filipinos. For one, the overseas Filipino workers are the ones highly affected because the buying of their dollars here has become lower. The exporters are also getting a hard hit. On the other hand, the pesos gives good raves in the stock market and real estate. As to the rising prices of commodities and cost of gasoline, that beats me too. I completely do not understand at all as I am very much affected by the high price of gasoline nowadays.
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