one US dollar vs one philippine peso

phillipine peso vs US dollar  - philippine peso = US dollar
Philippines
November 30, 2007 9:16am CST
one US dollar is now as of this writing equivalent to 43 philippine peso. good news compare to 56peso before, right? but i cant unfortunately feel the effect. its quite unfair that when the peso value decreases, they can easily raise the value of rice, the taxi or jeepney fares etc. but whenever it increases they cant even lower it down just even a single peso. so unfair.
1 person likes this
8 responses
@rdurusan (624)
• Philippines
1 Dec 07
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.
• Philippines
3 Dec 07
and unfortunately what you've said is so true. how sad for all of us.
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@olivemai (4738)
• United States
17 Apr 08
It is just as bad in the United States, and just think how bad it would be in the Philippines if immigrants from other countries were moving in and taking so many of your jobs away! And those immigrants send money home to their country, making less money circulating in the area! Petroleum and oil are ruining the earth!
@mensab (4204)
• Philippines
2 Dec 07
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.
@olivemai (4738)
• United States
17 Apr 08
In the US, it can cost thousands of dollars a month to rent a house and eat and pay for your transportation, not even mentioning clothing!
@lucky_witch (2711)
• Philippines
2 Dec 07
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.
1 person likes this
• Philippines
3 Dec 07
its definitely a disadvantage for the OFW's and i cant hardly see the advantage;-(
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• Philippines
2 Dec 07
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.
• Philippines
3 Dec 07
need i say more? you're right on the spot. two thumbs up;-)
1 person likes this
@micamyx (916)
• Philippines
30 Nov 07
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.
1 person likes this
• Philippines
3 Dec 07
right, and most of us just want to go abroad just to secure our future. unfortunate we dont see it here anymore.
1 person likes this
• Philippines
2 Dec 07
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.
1 person likes this
@tryxiness (4548)
• Philippines
1 Dec 07
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.
• Philippines
3 Dec 07
much much wider as wide as a politician pockets, LOL! and sad to say but i am one of those "Juan Dela Cruz".
@olivemai (4738)
• United States
17 Apr 08
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!