Itís Your Money > Money Exchanging

Exchange rates getting better for us

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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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