Mik Posted October 6, 2009 Posted October 6, 2009 (edited) Yahoo shows the peso/dollar at 46.51 now. This time last month it was 48.60. Are the extra remittances and foreign assistance for flood victims accounting for the rising peso / falling dollar? http://finance.yahoo.com/q/bc?s=USDPHP=X&a...&q=l&c= Edited October 6, 2009 by M.Morey Link to comment Share on other sites More sharing options...
Forum Support Old55 Posted October 6, 2009 Forum Support Posted October 6, 2009 The Dollar is going down due to our Comie spending govment in power now and the Peso is going up in advace of those Christmas remittances. Link to comment Share on other sites More sharing options...
Mik Posted October 7, 2009 Author Posted October 7, 2009 (edited) Don't they teach those Ivy League graduates how to even balance a checkbook? Edited October 7, 2009 by M.Morey Link to comment Share on other sites More sharing options...
til Posted October 7, 2009 Posted October 7, 2009 The dollar is constantly going down since years and years. Can't blame your current government for it.I think its the enormous debts the US has, buying more than they are selling and printing $ to fill the gaps.Just wait when the OPEC doesn't trade oil in $ anymore and china's plans to move out of the $ to another "world currency" get more concrete.The US will be a third world country soon if they don't do anything against it. Link to comment Share on other sites More sharing options...
Forum Support Old55 Posted October 7, 2009 Forum Support Posted October 7, 2009 Don't they teach those Ivy League graduates how to even balance a checkbook? Hey it's only a twelve trillion dollar deficit after all. :23_11_62[1]: Word is they still have a bunch of blank checks in that check book. Link to comment Share on other sites More sharing options...
Mik Posted October 8, 2009 Author Posted October 8, 2009 The dollar is constantly going down since years and years. Can't blame your current government for it.I think its the enormous debts the US has, buying more than they are selling and printing $ to fill the gaps.Just wait when the OPEC doesn't trade oil in $ anymore and china's plans to move out of the $ to another "world currency" get more concrete.The US will be a third world country soon if they don't do anything against it.I think that's why the US is planning to attack Iran. Link to comment Share on other sites More sharing options...
Mik Posted October 12, 2009 Author Posted October 12, 2009 Peso the strongest currency since 'Ondoy', a paradoxAmidst the floods, landslides and the calamities that have befallen the country, the peso has strengthened. People thought that the peso would go down because of the calamity, but it has actually gotten stronger. In fact, the peso was one of the strongest currencies after Ondoy, gaining 4.2 percent in two weeks...Read the rest at: http://www.philstar.com/Article.aspx?articleId=513294&publicationSubCategoryId=66. Link to comment Share on other sites More sharing options...
Travis Posted October 12, 2009 Posted October 12, 2009 strong inflow of cash is causing it Link to comment Share on other sites More sharing options...
Forum Support Old55 Posted October 12, 2009 Forum Support Posted October 12, 2009 strong inflow of cash is causing itYep, the good old Christmas remittances at work. Link to comment Share on other sites More sharing options...
Recommended Posts