The Philippine Peso exchange rate with the US dollar gives you much more for your money with the strong dollar. I also compare British Pound, Australian dollar and Euro.
THE LOWER PESO WILL MEAN IT COSTS MORE TO IMPORT PRODUCTS FROM THE USA ALSO.
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18 months ago the ozzi $ was 107 cents to the US $ today ozzi $ is 76cents to us $ what a rip off ozzi $1 is now 34. Peso these money manipulators SHOULD BE IN JAIL. almost a 30% drop in value ozzi is almost a Banana republic.
US a winner GB Pound a loser before Brexit vote 70 / 72 peso worth 62 now
I believe that you are limited to only 10,000p when you enter or leave the country. But can bring in up to $10,000.
Hope it stays above 49 to the dollar when we get there in Jan. 😉
US expats get about 12 more pesos for their dollar then us Canadians
The UK pound has dropped quite a bit since we left Europe, but it's already on the rise again and is up to 62.54, but that's a long way from the 70+ it was not so long ago, but i think it's still the second strongest currency in the Philippines so i am happy, good video my friend… Carl
On my first trip to the Philippines in 2007 I remember alot of expat guys I talked to were complaining about getting only 45 pesos to a dollar. They had gotten used to 55 and were saying they couldn't survive with the new rates they were getting. I still see most of those same guys there so I guess they found a way. Now they just complain about other things!
THE LOWER PHILIPPINE PESO WILL MEAN IT WILL COST MORE TO IMPORT PRODUCTS FROM THE USA USING PESOS, ALSO.
Prices will catch up to exchange rates.
Sadly to say, this will cause prices to go higher and the average and poor people will feel it the most. Importers paying for goods by US Dollar have to pass on the higher prices to the consumer. OFW and expats alike might be excited since they get more for their buck, but the fact will stay that it is not a good thing for the Philippines economy.
Good Video!!
VERY GOOD VIDEO MY FRIEND TAKE CARE ROD
I DID THE SAME SOME YEARS AGO WHEN I WAS IN CEBU I ALWAYS SHOPPED AREA TO EXCHANGE
WOAH! I hope it will get higher next year in time for our vacation. hehehehe!
Do you see that the price of commodities also follows the strength of the USD or are you simply just getting bang for your buck
Yes Rod, the dollar has jumped since the election… Although I believe the biggest jump was within a day or two of President Duterte making his comments about President Obama, and improving relations with China… Western investors pulled something like 56 million out of the Philippine economy due to uncertainties of US, and Philippine relations…. Thanks for the video…..