45 peso per 1$ Does it really helps our people?

You have to be an economist, or at least a student of economy to understand, and favor one stand over the other, the irony of our situation. On the one hand, high exchange rate means higher salary for those working abroad and earning dollars. They would receive more pesos for every dollar they earn. On the other hand, for importers, higher exchange means that they need more pesos to buy the products they need for their manufacturing needs. The more they spend, the less they earn and because they want to earn, they would pass on the expenses to the consumers. It's good if consumers have more money of course, but since they have less, they would have no money to spend for other goods. Winnie Monsod, as I understand is an economist and I would presume she understands perfectly what she is talking about when she said what you quoted. Perhaps she was speaking from a practical point of view, or from the perspective of the common man, who would only look at what is obvious and not into what really constitute a sound economy. I do not profess to know about our economy. In fact I am very poor at math, but what I have stated here comes from what I have learned streetwise.

This sudden drop of dollar will create a chainreaction which might propel the perso value to go higher. As OFWs find that the dollar rate is going down, they will send in more dollars to remit while it maintains a relatively high amount. As foreign investors notice the power of the peso, they will start pouring in financial investments in the country. The result will be more influx of dollars which will empower the peso even more. As to the effect, I do agree that we need a higher peso right now than a weak one. Although OFWs and exporters might find it disadvantageous on their part, in the long run it will be more benefiting for the Filipinos as a whole. A strong peso will mean lower petrol price, which will entail cheaper primary goods like oil, rice, and sugar due to lower transportation cost. A stronger peso will also mean large reductions off our foreign debt, as it was based in terms of dollars. Stronger peso is also an incentive to stay in the country, with possible more employment generated by foreign investments coming in. Don't think too much of what Winnie had said regarding exporters. As of now Philippines is a consumerist country rather than a productive one, as proven by the negative value of our balance of payments. She has been my professor once in economics, and I think she has always been inclined for a weaker peso.

it does help when we buy stuffs from the internet...

i guess bringing peso to only P45 per dollar helps only to bring pogi points to our president and her administration,but the real truth is there are still so many poor people struglling nowadays and i think they must focus more on them and not just on making our peso strong

Its not a good implication to those people like me who receives remittances from relatives abroad. I still hope that through the growing power of Philippine Peso unemployment rates would decrease, amount of purchases would decrease etc.

I just sent my parents some amount back home last Thursday and I found out that the WEstern Union conversion that time was $1=Php43.58. Dollar keeps on going down.

Hi. I'm also working abroad and very much affected by the exchange of dollars. I have to pay for my monthly mortgage for our house which we have bought in cavite, due to this slip of dollar, i have to more than what i have budgeted. It's good if the prices in philippines went down...but i never heard of that even the dollar goes to 45...tsk tsk

It is only logical to think that our economy is going stronger and that will help our people. However, this is a bad effect to people who are working abroad and sending $ back home. Actually I would say this is beneficial to our business establishments that imports goods that pay $.

its not good for ofw because of the rate.Its better when the dollar becomes lower, and the price of all product, fare of transportaion must be lower too.And must have increase of salary too.But i tjhink its impossible to happen.

generally, a stronger peso is good for our economy. however, there are also problems that this might bring about. exporters will not really benefit that much from this because they will receive less by selling their products at the same price in dollars. they may increase their prices but of course this will mean that there will be a corresponding consequence like decrease in demand for their products. OFWs will also suffer the consequences because they will be remitting the same amount of money in dollars but their family will not receive as much as they used to. well, we have not really felt any much change for the past few weeks have we? oil prices are still up thus, even the prices of basic commodities are expensive. i do hope that with a stronger peso, our economy would really prosper and that the filipinos would really benefit.

That would depend on which point of view you are standing.. Its really a laugh for those OFWs because their work and sacrifice of being away with their own families gets extra worthed.. But if you stand for those exporters, you would feel sad because it means readjusting strategies.. I as regular person, well honestly i wouldn't care because it won't make me rich nor make me poor..common mentality of Pinoy and i happen to have one..(: