Cebu Experience
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Does the value of the Peso rise against the US dollar in December? I don’t think so, it hasn’t for the last two years.
My research indicates that this is a myth. I looked back in history using Google Finance and I just didn’t see this as a steady trend. How it had been explained to me made sense but it just doesn’t work out that way.
The US Federal Reserve Bank, also known as the Central Bank is having meetings Monday and Tuesday to decide how to react the worsening world economy and specifically the US economy. With negative growth for the last two quarters it is expected the Central Bank will cut its rate to .5% or the lowest rate since 1953.
Interest slows growth, so when growth is negative the general thought is that government policy should be developed that helps to stimulate growth. This will put more downward pressure on the dollar. Again, if it will rise or fall against a particular currency depends on how that currency is behaving in general. It could still rise against some currencies but it will push the value of the dollar lower. The dollar may stay strong against some currencies but this move will weaken the dollar.
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