Philippine Peso Dollar Exchange Rate seen dropping to 52:$1
Independent brokerage and investment group, CLSA Asia-Pacific Markets said that the peso would likely reach 52 pesos to 1 usd by year-end.
Slowing remittances from OFWs abroad as well as softening interest rates will bear down the peso despite the Philippines’ current account surplus.
Data from the Bangko Sentral ng Pilipinas (BSP) showed that the peso has shed 2.85 percent to 48.419 per $1 as of end March from 47.076 as of end January.
Related Entries:
Cebu Pacific greets 2008 with 1 peso domestic fare promo
How to donate cash to victims of typhoon Ondoy
Philippine stock exchange plunges 12.3 percent
New 5 Peso Bill?
Philippines inflation rate surges to 9-year high at 9.6%
How to spot fake 5 and 10 Peso Coins
Donations for Typhoon Frank Victims in the Philippines
Globe GPRS/3G/HSDPA introduces new rate (5 pesos per 15 minutes)
Several Legacy Group Rural Banks in the Philippines declare bank holiday
Paypal Bank Code in the Philippines
April 14th, 2009 at 5:26 am
sana umabot ng isang billion ang peso versus dollar…
wla paring nangyayari sa pinas kahit maging 1 is to 1…. mas mkakatulong kung 1$=1,000 pesos nalang… atleast masaya kaming mga ofw… kesa naman mababa ang dollar patuloy parin naghihirap ang pinas at habang pababa ang dollar pataas ang bilihin sa pinas kakalola… sana tumaas ang dollar at maging bilyon vesrsus 1 dollar wish kolang
April 14th, 2009 at 9:10 am
una ako!haha
April 14th, 2009 at 10:35 am
wahhh naku naku mtaas ung ipa2lit ko… :)
April 14th, 2009 at 11:43 am
wala ata si pinyata dto? di nya marelate sa gme nya tong topic?
April 14th, 2009 at 12:09 pm
nice
April 14th, 2009 at 2:21 pm
In favor ito sa mga OFW, but on the other hand…tatamaan tayo ng sangkatutak ng mga increase sa lahat ng bagay sa Pilipinas. Its like a domino effect.
April 14th, 2009 at 7:26 pm
edi okay..nung mataas ang dollar yun ang sinisisi nila kaya nag hihirap ang pilipinas, wala naman nag bago nung bumaba ang exchange rate. edi mas mabuti nalang na tumaas para naman makinabang ang pamilya ng mga OFW
April 15th, 2009 at 6:16 am
OFWs please don’t be selfish because obviously hindi nyo alam ang sinasabi nyo. E pano naman yung mga walang dollar at yung mga local bussiness na dumedepende sa local money na mababa ang value? In the end kung ganyan kayo mag-isip sabay sabay tayong babagsak. We all know na ang remittance ng mga OFW ay hindi totoong solusyon sa kahirapan ng Pilipinas (temporary lang), the solution has to begin internally (local industry).
April 16th, 2009 at 6:08 am
cge JANA magbanat ka ng bbuto dyan sa pinas,ewan ko kung kelan ka tatagal hehehehe…. sabi mo temporary lang to. Minsan naman eh malasap naman naming OFW na malaki ang palit ng dolyar namin na pinapadala dyan… temporary lang naman eh… sana tuloy tuloy na nyahahahahaha
April 17th, 2009 at 7:19 am
wla c pinyata d2 kc d nya naiintndhan e2,kaya pass muna sya…mahirap kc mpahiya ehh..boguk kc!
April 17th, 2009 at 3:45 pm
To guz,
Opo mas pagbubutihin ko pa ang pagbabanat ng buto dito sa pilipinas. Nurse po ako at may balak din akong umalis ng bansa tulad nyo. In short, pag nagmigrate ako e ofw din ang labas ko pero hinding hindi ko hihilingin na maging 1 dollar =100 peso dahil trahedya po iyon para sa naghihkahos na ekonomiya ng pilipinas. Mas marami pa po ang magsasarang bussiness dito pagnagkaganon, hindi lang Intel! Gusto po nating mang attract ng investors, ayaw po natin silang itulak para lumipat ng China…
April 25th, 2009 at 8:09 am
yeheyyyyy!!! sana higher than 52
May 16th, 2009 at 3:43 pm
sana makaboto tau ng good economist sa govierno natin at..sna umabot ng 60 to 65 per 1$ ok na un pra di nman maapektuhan local market ntin..
June 14th, 2009 at 1:11 pm
Sana naman wag na tumaas ang dollar. Sana bumaba kahit na Pesos 25 = US$ 1 lang. Siguro kung magpalit na tayo ng presidente, mag-improve na economy natin at bababa na ang exchange rate. Sana…sana…sana.
June 14th, 2009 at 1:26 pm
Mga OFW, gusto nyo lalong tumaas ang Peso vs Dollare echange rate?
Eh di wag na kayo magpadala ng dollars sa Pilipinas para bumaba ang remittances at tataas ang dollar versus peso. Mas mabuiti rin kung magresign na kayo dyan at dito na lang kayo sa Pilipinas para mabawasan ang dollars na papasok dito. Sa ganun mangyayari ang gusto nyong umakyat ang palitan ng dolyar.
Tinawag pa naman kayong bayani pero sarili nyo lang iniisip nyo. Mahiya naman kayo sa sarili nyo at sa mga Pilipinong naghihirap dito. Kaya di umuunlad ang bayan natin eh…dahil sa mga corrupt government officials at mga walang malasakit sa bayan na mamamayan (gaya ng mga OFWs na naghahangad at natutuwang bumagsak ang value ng peso). MAHIYA NAMAN KAYO!
August 30th, 2009 at 1:01 am
ke tumaas o bumaba ang presyo ng dollar vs peso, di nito mabibigyan ng sulusyon ang kahirapan sa pilipinas hanggat mayrong swapang at ganid sa gobyerno.
September 5th, 2009 at 9:02 pm
For sure too much devalue of Peso or too much increase in value of Peso can damage Philippine economy. If peso devalue many local people in the philippines will suffer a lot since transportation, local commodities, tuition fee and other will rise, specially imported good such as rice and wheat ( take note we import some million tonnes of sugar & wheat). which is a primary demand in our country. Im also earning thousands of dollars a month but I will not dream to devalue the peso much bec i still want to comeback and stay to my own country one day.
But if the value of Peso increase much lets say 1$: 30 php more than 30% of OFW will return home since most of them are earning minimal amount of dollar. theres no used for them to work abroad if you will get few peso in eqivalent. But Philippines does not have much industry to employ all of us. Aside from that exisiting foreign company will closed because they need to spend much dollar just to pay wages of their employee which is not good for their business.
In short peso value wont change our status .
But if we increase the morality of people not only government but all, starting from me and you, this could give us a big change.