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Rate exchange dollar to peso,no dealing desk,fx promotions,foreign currency exchange historical rates - Videos Download>

MANILA, Philippines - The Philippine peso, the best-performing Southeast Asian currency in 2012, settled at P41.05 against the dollar on the last day of trading in 2012. With the strong peso, the purchasing power of the funds that OFW send to their loved ones in the Philppines are diminished.
This means less pesos to spend for various needs such as education, basic needs like food and utilities, and other expenses. Total dollar value of remittances, however, has been resilient, data from the Bangko Sentral ng Pilipinas showed.
An appreciating strong peso strikes at the heart of the industry's -- and the Philippines' -- cost competitiveness as an investment destination. Hernandez had said they would have still remained competitive if the exchange rate stayed at P42:$1, but not beyond that since it widens the cost difference between putting up a BPO firm in the Philippines and India.
Manufacturers and retailers of products sold abroad are face with Philippine-made products becoming more expensive when the peso appreciates. While exports are one of the country's highest dollar earners, along with remittances, they are also a key generator of jobs that are put at risk when the business costs become unsustainable. University of Asia and the Pacific (UA&P) economist Victor Abola said the government should allow the peso to depreciate by around 20 centavos every month.
A strong peso also encourages cheaper imports, which in turn would threaten local producers, according to Socioeconomic Planning Secretary Arsenio Balisacan. On the other hand, Balisacan noted that a strong peso also encourages the flow of hot money or investments in stocks and bonds, which help develop the local capital markets. On Wednesday, December 28, the Bangko Sentral ng Pilipinas announced it will impose limits on local and foreign banks' forward positions -- or non-deliverable forwards (NDF) in industry lingo -- to slow down the peso's strength. NDFs, which began as a hedging facility, have attracted speculative flows that have boosted the peso to P40-to-a-dollar territory this month. Link to this page - if you would like to link to US Dollar(USD) To Philippine Peso(PHP) Currency Exchange.
Wow, the US dollar to Philippines peso exchange rate has been in a long slump if you’re an American expat living in the Philippines. If the US dollar to Philippines peso exchange rate is 45 to 1 and you send $1500 from your US bank account you get p67500. This graph shows the downward trend of the US dollar to Philippine peso since 2009.  Notice the rise in the middle of 2012.
I have not been following this as close as I use to but it appears that the Philippines central bank is stepping in to keep the dollar at or above P40 to 1 USD. It isn’t a bad idea to assume the dollar will be at 40 to 1 when making your plans to live in the Philippines. It isn’t going to last forever, the dollar to Philippines peso exchange rate will likely improve as soon as quantitative easing comes to an end in the USA.
Since oil is almost always traded in dollars, if the value of the dollar is less around the world, producers will increase prices in order to offset the loss they take when converting back to their own currencies.


I would just add that the peso strenth may not be good for exporters but for importers of commisities such as oil copper and base metals the strong peso polcy is good,also for importers of cheap manufactered goods from china will be cheaper to for consumers,so there will be winners and losers with this policy. I think though that your right in time too this policy of a cheap dollar will change,well as far as the yen its at 101.6 and got as low as 102 last night!
I agree with most of you you are saying and you seem to know something about exchange rates. I think I made it clear that the Feds creating currency by buying backs its bonds is the reason the dollar is low. If i was more knowelngable about exchange rates i wouldbe retired now on the shores of lake genava or the philippines!
I do agree that Europe and the UK are looking at some troubled times ahead and that will strengthen the dollar.
This also brought the average exchange rate to around P42.228 for the entire year and posted the the biggest annual gain since a 19% appreciation in 2007. Using the exchange rate for the last trading day of the year, the $100 will only be worth P4,105.
Business Processing Association of the Philippines (BPAP) president and CEO Benedict Hernandez said the appreciation of the peso has made handicapped them as they combat challenges from top rival India.
Before the exchange rate issue, the industry players were hoping to double this to 1.3 million direct jobs and hit revenues worth $25 billion by 2016. They either increase the prices of their goods abroad at risk of reducing demand for these items and products, or maintain their dollar prices and suffer losses as their peso-based production costs soar. It affects employment," Balisacan said, stressing that a strong peso will threaten to erode the country's overall competitiveness. Below shows the current exchange rate of the currency pairs updated every 5 minutes and their exchange rates history graph.
It may be a little higher than that but that’s the rate I have been getting with Xoom for months now.
So many times, I’ve heard foreigners say that the Philippines is propping up the peso. This purchase of debt with money made up out of thin air is causing the real economy to stagnate by debasing the dollar.
The Peso does not float and is trying to attach itself to the dollar movement but can't. The Peso to maintain any strength must be able to compete with all of what has been presented.
The peso should be around P50 to the dollar to make the country competitive as India, whose exchange rate is at 55 to a $1," Abola explained.
I need to get a dollar account in the Philippines so that Xoom doesn’t get to take out their extra amount in the conversion.
But it didn’t last long and the result is the dollar to Philippines peso rate of exchange is near P40 now.


Mine are as follows: The Peso in the recent past has mostly followed the demise of the Euro. If the Fed continues to buy the government’s debt, the dollar will become worth less and less. It doesn't trade to allow the freedom to elope with the dollar and may in fact suffer the mimic movement of the Euro. When they prepare their Philippines income statements the funds are converted back to pesos. The exact amount depends on which exchange value you use.  The highest exchange rate that I have seen while living in the Philippines was P50 to 1. If I use an ATM card, I get about 1 peso more per dollar but the cost of using my ATM card is too high to make that a consideration.
There is a new round of quantitative easing (creating money) in the USA so the supply of dollars is up. With 10 percent of the economy based on OFWs lowering the dollars value has a detrimental effect. However as of late the Government is trying to make the Peso stand on its own with much help. The exporters are the ones putting the most pressure on the central bank of the Philippines to strengthen the dollar. So if they have a large amount of dollar debt coming do, a strong peso will make it less costly for the Philippines to pay that off. A strong currency hinders exports.  That author also cites the increase in money supply in the USA as a major contributing factor to the decline in the value of the dollar. The dollar has mostly gained across the board against all major currencies and if the coming retail report shows that the jobs have developed into a spending era the greenback will continue to grow and that includes against the Peso.
That weak dollar is a good thing for the USA when it is in recession because it helps to increase exports which would benefit those doing the importing. With the constant concern of regional conflict coupled with the surrounding devaluation it will put even more pressure on the Peso and on the Bank.
If the peso is higher, it is cheaper for the Philippines to pay those bonds back if the dollar is low. The United States and Mexico in a recovering and growth position with the Philippines being surrounded by emerging countries not to mention India and China there is simply nowhere to manipulate the Peso anymore.
But it is what it is and with the external pressures described the Peso will have no where to go but to devalue against the dollar.



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15.06.2014 | Author: admin



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