It’s Your Money > Money Exchanging
Exchange rates getting better for us
Balisidar:
I've always wondered why the Peso-USD exchange didn't get a lot better when the Euro crashed?
The Euro-USD rate is 1.14-1 right now and the Euro-Peso is 53.78.
How are the exchange rates figured anyways? Doesn't seem right.
I know---life isn't fair :P ;)
Lee2:
Thanks Balisidar, I post about US dollars because that is what is most important to me but I hope other members can also let us know how the exchange rate is working out for them too.
bigrod:
--- Quote from: Balisidar on May 07, 2016, 01:58:48 AM ---I've always wondered why the Peso-USD exchange didn't get a lot better when the Euro crashed?
The Euro-USD rate is 1.14-1 right now and the Euro-Peso is 53.78.
How are the exchange rates figured anyways? Doesn't seem right.
I know---life isn't fair :P ;)
--- End quote ---
Seems right to me. If it cost me $1.14 to buy a Euro then it would mean a Euro was worth more pisos than a Dollar.
Chuck
Lee2:
1 USD =49.4910PHP http://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=PHP
heading towards 50 and maybe beyond.... :) 8)
Hestecrefter:
--- Quote from: JoeLP on May 05, 2016, 03:50:55 PM ---50 would be nice. First time I came(what, about 04 or 05) it was about 70. That was very nice. Would love to see that happen again someday.
But for now, 50 would be great.
--- End quote ---
It looks like 50 is within striking range.
But did you really see it hit 70?! I can recall 55 sometime around 2001 or 2002, when I was still living there.
I looked at a couple of sites for historical stats.
This site says the highest between 1998 and 2016 was 56.34 to the dollar, but it does not say when that occurred:
http://www.tradingeconomics.com/philippines/currency
This site shows the high of about 56 to the dollar occurred in 2003-2004.
http://usd.fx-exchange.com/php/exchange-rates-history.html
I could not find a reference to anything approaching 70. But then the web does not know everything.
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