Author Topic: Money exchange rates sure do change quickly huh?  (Read 6402 times)

Offline Art, just a re(tired) Fil-Am

  • Sr Member
  • ***
  • Posts: 3,854
  • From California, now living in Sta Rosa, Laguna
Money exchange rates sure do change quickly huh?
« on: August 03, 2014, 11:14:33 AM »
Wow! Just the other day I exchanged a few dollars at P43.38 to the dollar and
today it's up to P43.82! I bet come Monday it'll be back down again as usual! ??? :o >:(
"Life is what we all make it to be"!
"It's always a matter of money"!
"Do on to others as they would do on to You, but do it first"!
"Different strokes for different folks"!
"Que Sera Sera"!

Offline Splooge Magoo

  • Sr Member +
  • Sr Member
  • ****
  • Posts: 246
Re: Money exchange rates sure do change quickly huh?
« Reply #1 on: August 03, 2014, 08:59:33 PM »
The Fed gave indications that interest rates will go up. The bond funds are slipping a bit as a reaction to that news. In a stable economic market, higher US interest rates will make the USD more attractive to buyers. Its good for me, bad for Peso holders until the PH banks start to match the rates.
Dan

Offline Lee2

  • Administrator
  • Sr Member
  • ******
  • Posts: 3,385
  • *** Rest In Peace ***
Re: Money exchange rates sure do change quickly huh?
« Reply #2 on: August 03, 2014, 09:12:30 PM »
Argentina defaulted on their bonds last Thursday week which sent the US stock into a bit of a fit, not sure why but the market had taken a bit of nose dive on Thursday and Friday, I am wondering how that is going to affect the peso dollar exchange rate, I guess we will see on Monday.

Keep us posted guys.
:) Happily married since 1994 & live part of the year in Cebu and the rest in S. Florida.

Offline Splooge Magoo

  • Sr Member +
  • Sr Member
  • ****
  • Posts: 246
Re: Money exchange rates sure do change quickly huh?
« Reply #3 on: August 04, 2014, 07:45:34 AM »
Argentina moving their money to USD, bidding up the dollar I think is a non event.
Dan

Offline Art, just a re(tired) Fil-Am

  • Sr Member
  • ***
  • Posts: 3,854
  • From California, now living in Sta Rosa, Laguna
Re: Money exchange rates sure do change quickly huh?
« Reply #4 on: August 04, 2014, 09:59:45 AM »
Argentina defaulted on their bonds last Thursday week which sent the US stock into a bit of a fit, not sure why but the market had taken a bit of nose dive on Thursday and Friday, I am wondering how that is going to affect the peso dollar exchange rate, I guess we will see on Monday.
Keep us posted guys.
It's now Monday and it only has gone down to P43.70 to the dollar from P43.82 yesterday, Sunday.
"Life is what we all make it to be"!
"It's always a matter of money"!
"Do on to others as they would do on to You, but do it first"!
"Different strokes for different folks"!
"Que Sera Sera"!

Offline Vicks

  • Sr Member
  • ***
  • Posts: 234
Re: Money exchange rates sure do change quickly huh?
« Reply #5 on: August 04, 2014, 04:17:56 PM »
P43.40 at Chinabank at 2pm today.
Never mistake knowledge for wisdom. One helps you make a living; the other helps you make a life.
-Sandra Carey

Offline Lee2

  • Administrator
  • Sr Member
  • ******
  • Posts: 3,385
  • *** Rest In Peace ***
Re: Money exchange rates sure do change quickly huh?
« Reply #6 on: August 07, 2014, 11:22:05 PM »
Hope we keep gaining steam to help make things less expensive for those of us on pensions.

Quote
August 7, 2014 - 5:51pm Peso plunges, breaches 44-peso mark  http://tinyurl.com/pnw6t5z
The peso breached the 44-peso territory against the dollar on Thursday when it closed at 44.08 from the previous day's 43.71.

Total volume transacted at the Philippine Dealing System amounted to $1.33 billion, higher than the $833.7 billion posted on Wednesday.

The peso opened Thursday at 43.82.

:) Happily married since 1994 & live part of the year in Cebu and the rest in S. Florida.

Offline Art, just a re(tired) Fil-Am

  • Sr Member
  • ***
  • Posts: 3,854
  • From California, now living in Sta Rosa, Laguna
Re: Money exchange rates sure do change quickly huh?
« Reply #7 on: August 07, 2014, 11:50:56 PM »
That's good news, but I don't have anymore dollars to exchange for this month!
Just wonder how long this trend will continue or not! Have to wait and see!
Luckily the currency exchange rate still haven't yet dropped below our personal
minimum comfort zone and I hope it doesn't even come close for a long time or
we would be in terrible trouble, but I believe that won't happen in my lifetime!
"Knock on wood"!  ??? :o
« Last Edit: August 08, 2014, 12:01:11 AM by Art, a re(tired) "Kano" aka a Fil/Am on paper »
"Life is what we all make it to be"!
"It's always a matter of money"!
"Do on to others as they would do on to You, but do it first"!
"Different strokes for different folks"!
"Que Sera Sera"!

Offline Splooge Magoo

  • Sr Member +
  • Sr Member
  • ****
  • Posts: 246
Re: Money exchange rates sure do change quickly huh?
« Reply #8 on: August 08, 2014, 12:24:24 AM »
I expect the dollar to get stronger as interest rates are creeping up. My bond values are dropping , but the currency exchange difference is keeping me at the same pretty much the same level in Pesos.
Dan

Offline Gray Wolf

  • Sr Member +
  • Sr Member
  • ****
  • Posts: 5,152
Re: Money exchange rates sure do change quickly huh?
« Reply #9 on: August 09, 2014, 12:21:17 AM »
Mid-market rates: 2014-08-08 16:17 UTC

1.00 USD    =    44.1487 PHP

http://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=PHP
Louisville, KY USA

Offline hitekcountry

  • Sr Member +
  • Sr Member
  • ****
  • Posts: 624
Re: Money exchange rates sure do change quickly huh?
« Reply #10 on: August 09, 2014, 06:33:38 AM »
That's good news, but I don't have anymore dollars to exchange for this month!
Just wonder how long this trend will continue or not! Have to wait and see!
Luckily the currency exchange rate still haven't yet dropped below our personal
minimum comfort zone and I hope it doesn't even come close for a long time or
we would be in terrible trouble, but I believe that won't happen in my lifetime!
"Knock on wood"!  ??? :o



That comment raised a question in my mind ---- what has the exchange rate been over the last several decades?  Click link to see chart.
The big question is -- where to from here? I could make a case for both directions which means of course I donít know.

http://mpgonz.blogspot.com/2009/01/philippine-peso-from-1950-to-2009.html

Offline Lee2

  • Administrator
  • Sr Member
  • ******
  • Posts: 3,385
  • *** Rest In Peace ***
Re: Money exchange rates sure do change quickly huh?
« Reply #11 on: August 09, 2014, 06:47:22 AM »
This one might give us a better idea over the last five years
http://tinyurl.com/pyerfow
:) Happily married since 1994 & live part of the year in Cebu and the rest in S. Florida.

Offline hitekcountry

  • Sr Member +
  • Sr Member
  • ****
  • Posts: 624
Re: Money exchange rates sure do change quickly huh?
« Reply #12 on: August 09, 2014, 10:25:46 AM »
 Monthly Average Exchange Rate of Philippine Peso and US Dollar
Month                    2011    2010      2009       2008       2007       2006        2005
Average                            45.11    47.637    44.475    46.148    51.314    55.085
December                         43.95    46.421    48.094    41.743    49.467    53.612
November                        43.49    47.032    49.186    43.218    49.843    54.561
October               43.45    43.44    46.851    48.025    44.380    50.004    55.708
September          43.02    44.31    48.139    46.692    46.131    50.401    56.156
August                42.42    45.18    48.161    44.877    46.074    51.362    55.952
July                      42.81    46.32    48.146    44.956    45.625    52.398   56.006
June                    43.37    46.30    47.905    44.281    46.160    53.157    55.179
May                     43.13    45.60    47.524    42.902    46.814    52.127    54.341
Apri                 l    43.24    44.63    48.217    41.820    47.822    51.360    54.492
March                  43.52    45.74    48.458    41.252    48.517    51.219    54.440
February             43.70    46.31    47.585    40.671    48.381    51.817    54.813
January               44.17    46.03    47.207    40.938    48.914    52.617    55.766

 Looks like the high was July 2005 56.006

Offline Art, just a re(tired) Fil-Am

  • Sr Member
  • ***
  • Posts: 3,854
  • From California, now living in Sta Rosa, Laguna
Re: Money exchange rates sure do change quickly huh?
« Reply #13 on: August 09, 2014, 11:59:11 AM »
Check out this site, it shows the exchange rates
per 1 USD of most countries from 1948 to 2013
http://fx.sauder.ubc.ca/etc/USDpages.pdf

When I was stationed at Clark AB in 1968
the exchange rate was P4.00 to $1 US

When we first arrived here in 1998 it was at P44.98

2004 was a good year at P56.03

Today 2014 it's at P44.13


« Last Edit: August 09, 2014, 12:29:48 PM by Art, a re(tired) Fil/Am aka a "Kano" on paper »
"Life is what we all make it to be"!
"It's always a matter of money"!
"Do on to others as they would do on to You, but do it first"!
"Different strokes for different folks"!
"Que Sera Sera"!

Offline coleman2347

  • ole jarhead, Tacloban City, Leyte
  • Sr Member
  • ***
  • Posts: 1,160
  • Retired Marine, Retired DOD
Re: Money exchange rates sure do change quickly huh?
« Reply #14 on: August 09, 2014, 03:41:34 PM »
Check out this site, it shows the exchange rates
per 1 USD of most countries from 1948 to 2013
http://fx.sauder.ubc.ca/etc/USDpages.pdf

When I was stationed at Clark AB in 1968
the exchange rate was P4.00 to $1 US

When we first arrived here in 1998 it was at P44.98

2004 was a good year at P56.03

Today 2014 it's at P44.13




Art, I like the rate from 68, as I think back I can remember 12 to 1, maybe from the 70's?  But the with the  difference in prices from then and now it was not too bad...I got here this time in March 2011 so if you look at Hitek's chart its about the same...seems like I remember it going to 40 to 1 a couple of years ago?  Truth is I dont really follow it too much, I kinda figure I'm gona be here anyway so you have to go with the flow. That said, it would be nice if it would stabilize somewhere around 45..
The only thing worse than wanting to do it is not doing it

 


bisaya, cebuano, cebuano lessons, bisaya lessons
Romantic Tagalog