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.
Like this post? Subscribe to my RSS feed and get loads more!