A couple of months ago I wrote that I was afraid the dollar was about to fall against the Peso.  I was right, it was pure luck but bad luck for me.  However, it didn’t fall much.  It went from about 45.5 peso to 1 USD to about 44Php to 1 USD.

Considering it was at about 39 Php to 1 USD when I first arrived here in February of 2008, the trend is clearly upward.  The highest I’ve seen it was around 55 Php to 1 USD..  That was probably back around May of 2006.

At this time the exchange rate is 46.6 Php to 1 USD which is good for me.  That’s about a 10,000p increase for me or about $200 a month.  I don’t want the Philippines to do poorly, but I hope it goes back to 55Php to 1USD, not because of a weak Peso but a strong Dollar.

More up to date articles regarding the peso to dollars rate of exchange can be found at dollar to Philippine peso.

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Filed under: Dollar To Philippine PesoExpat FinancesLiving In The Philippines

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