Author Topic: Peso seen to weaken by 4 pct vs US dollar in 2016  (Read 4332 times)

Offline Lee2

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Peso seen to weaken by 4 pct vs US dollar in 2016
« on: February 05, 2016, 08:00:29 PM »
Good news, if true. for those of us who live on dollars
Quote
An economist expects the Philippine peso to weaken by 4 percent this year from 2 percent in 2015.

Luz Lorenzo, economist at Maybank ATR Kim Eng, said the US dollar has been strengthening against a basket of currencies, including the peso, and investors are funneling funds to the green back in anticipation of future Fed rate hikes. -- ANC Market Edge, February 5, 2016
http://news.abs-cbn.com/video/business/v1/02/05/16/peso-seen-to-weaken-by-4-pct-vs-us-dollar-in-2016


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

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Re: Peso seen to weaken by 4 pct vs US dollar in 2016
« Reply #1 on: February 05, 2016, 08:15:24 PM »
Hard to believe that their crystal balls are working for them so called experts on the world wide economy!
If it happens, it'll happen! Just saying........ :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 JoeLP

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Re: Peso seen to weaken by 4 pct vs US dollar in 2016
« Reply #2 on: February 06, 2016, 06:48:42 PM »
Art makes a good point.  Not too many will be accurate in predictions when it comes to markets on this rock we live on now days.

That said, would be nice.  When I got here 3 years ago it was almost $25 = 1000php.  If this happens, by next year it'll be less than $20 = 1000php.  Would be a nice help.
« Last Edit: February 07, 2016, 03:17:20 AM by JoeLP »
In the land of the blind, the one eyed man is king.

Offline Steve & Myrlita

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Re: Peso seen to weaken by 4 pct vs US dollar in 2016
« Reply #3 on: February 07, 2016, 12:18:53 AM »
Yes it is. Unfortunately, they are raising prices to compensate.
Thank you...God Bless...
Bro Steve & Sis Myrlita
Bacolod City, PH
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Offline JoeLP

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Re: Peso seen to weaken by 4 pct vs US dollar in 2016
« Reply #4 on: February 07, 2016, 03:19:10 AM »
This is my 2nd time living in the Phils.  The first time in Bataan and I was easily able to jump a ferry to Manila.  I noticed then that prices moved up and down on a regular rate. 

Now that I live in a poor province and a long way form any city, the prices do not bounce hardly at all.  Eggs a little, and fuel too.  But apart from those, prices on most things stay pretty level. 

So when I see news like this, it gets me a little happy.
In the land of the blind, the one eyed man is king.

Offline Lee2

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Re: Peso seen to weaken by 4 pct vs US dollar in 2016
« Reply #5 on: April 08, 2016, 10:44:54 AM »
I just checked, as I may need some pesos, it is down to 46.1699, I was hoping for 47 to one US dollar, so about $34 dollar difference on $2000, not much, but would buy a lot of videos or a nice dinner out :( and would be a big difference on a large cost purchase.
http://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=PHP
:) Happily married since 1994 & live part of the year in Cebu and the rest in S. Florida.

Offline Lee2

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Re: Peso seen to weaken by 4 pct vs US dollar in 2016
« Reply #6 on: April 23, 2016, 10:57:53 AM »
Climbing back up again. http://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=PHP

1.00 USD   =   46.7500 PHP
:) Happily married since 1994 & live part of the year in Cebu and the rest in S. Florida.

Offline Steve & Myrlita

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Re: Peso seen to weaken by 4 pct vs US dollar in 2016
« Reply #7 on: April 23, 2016, 03:25:51 PM »
I pray it keeps going by a stronger dollar not a weakened peso.
Thank you...God Bless...
Bro Steve & Sis Myrlita
Bacolod City, PH
***********************
*** RIP MY FRIEND LEE ***
***       RIP DON H        ***
***********************