Rates are down! Keep your dollars under that mattress!

[hk blues]

15 minutes ago, jimeve said:

British pounds up too 64.4. was only 61, 2 weeks ago.

As an aside,I looked at the GBP rate in Robinson Bank at the weekend - 56.6 when everywhere else was around 64.0!  Daylight robbery.  

[Jollygoodfellow]

6 hours ago, GeoffH said:

The Philippine Peso tends to track roughly with the US$ so a falling US$ should mean a falling Peso and a higher AU$ to PHP rate.

I thought the peso was rising but maybe I'm confused again. 

[Mike J]

4 hours ago, Jollygoodfellow said:

I thought the peso was rising but maybe I'm confused again. 

I don't think you are confused.  When the local papers write about the peso value it almost always compares it to the US dollar.  The peso is rising against the dollar, falling against other major currencies.   And I wonder if a lot of the OFW funds coming into the Philippines will be transferred US dollars even if the OFW is working in countries other than the US, especially the middle east?  I could be completely wrong about fund transfers and as have only have done them from the USA.

[GeoffH]

5 hours ago, Jollygoodfellow said:

I thought the peso was rising but maybe I'm confused again. 

It would be more accurate to say it's falling but not as fast as the US$ hence it's "rising against the US$" (which to be fair is by far the largest traded currency).

[jimeve]

15 hours ago, hk blues said:

As an aside,I looked at the GBP rate in Robinson Bank at the weekend - 56.6 when everywhere else was around 64.0!  Daylight robbery.  

I noticed that as well. 

[Jollygoodfellow]

6 hours ago, Mike J said:

I don't think you are confused.

Thats easy for you to say Ralph, I mean Mike  

[OnMyWay]

17 hours ago, hk blues said:

As an aside,I looked at the GBP rate in Robinson Bank at the weekend - 56.6 when everywhere else was around 64.0!  Daylight robbery.  

Perhaps someone is dyslexic!  Sound too far off to be right!

[hk blues]

31 minutes ago, OnMyWay said:

Perhaps someone is dyslexic!  Sound too far off to be right!

You would think so, but as per Jim's post above he says the same and we're in different places so...And it was the same for 2 consecutive Saturdays.  HK Dollar was also about 15% lower than other places.  USD was 48.00 so that seems competitive.