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PHILIPPINE PESO FALLS TO 12 YEAR LOW TO THE DOLLAR



The exchange rate for the Philippine peso to the U.S. dollar dropped to it’s lowest in 12 years. On Monday, June 10th, 2018 the peso-dollar-exchange-rate was 52.95 to 1 U.S. dollar.

Philippine news agencies were full of news regarding this new exchange rate as it had not been seen in over a decade.

For most of 2018, the Philippine peso had been stronger than the US dollar. Why is Philippines peso weakening now?

Economists suggest that it could have something to do with the Philippines trade deficit, the recent G-& Summit, or the pending Summit between Donald Trump and Kim Jung Un of North Korea.

At any rate now is the time to transfer money to the Philippines to lock in on the excellent exchange rate.

My personal Philippine peso prediction is that ill go as high as 55 and then drop to between 48 to 50 by the end of 2018.

PHILIPPINE PESO FALLS TO 12 YEAR LOW TO THE DOLLAR
The question of the day. What is the lowest you’ve seen the Philippine peso to dollar rate? I would like to know your thoughts and it could help someone as well. Put them in the comments section of this video. And remember to like share and subscribe.

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16 Bình luận

  1. Mr. J

    I remembered that my Father said that during his time the exchange between Peso and Dollars is 7:1

  2. Ice Blue69

    Be nice if it stayed above 50 for some years

  3. kenamaro

    Inflated prices will cancel out this temporary boost…… natural currency fluctuations…rise and fall…. relax.

  4. Dante Salazar

    it will be 100 to 1 dollar,till the end of dutertes rule,it will be much expensive so soon,because of our debts to china,he will impose more and taxes

  5. Jim

    true were getting more pesos but food cost have gone way up

  6. David Darden

    Bobbie around 55 pesos to the dollar in 1991

  7. Philippines My Paradise

    Just finished watching this video about "PHILIPPINE PESO FALLS TO 12 YEAR LOW TO THE DOLLAR"
    and I really like it too much…

    Thanks for sharing such an interesting video, regards!

  8. MrBoycebu

    Good for $$$$ earners. Rather have the peso fall low, because no matter what the peso does, be it low or up, the prices of commodity in the Philippines keeps on going up and never goes down at all. The ones who are suffering are the ordinary people who can't even buy a kilo of rice and can't eat 3 times a day. The ones who are laughing and enjoying are the big businessmen.

  9. Lord Sanada

    53.30 NOW AND PESO IS GOING LOWER. LOVING IT!!!! NOT CERTAIN 56.00 IN 2004

  10. Steven Dye

    Thanks as always Bobbie ! Love the Mickey shirt brother . Hope all is well!

  11. Michael Booth

    What up Bobby D~
    I recall the peso being 32 pesos =1USD back in 1991.

  12. ANDYDAVIRGO

    Wow, the people must not be too happy about that.

  13. George M. Cox

    Lowest I have seen it was in 1990 at PHP19 to 1 USD. Highest was around 2005 or so at 56 to 1

  14. SMOOTH SOUNDS W/ EYES-ON

    Low as i ever seen it was 42.00 But im sure President Bill Clinton had it up to 55.00 PHP FOR EVERY 1.00USD

  15. uindy4

    I wonder what the exchange rate is for euros to peso

  16. b617 _

    Time to book my ticket

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