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Eve ng athens9/20/2023 ![]() On the other side of the coin, when the peso is weak then basic commodities, like coal and crude oil, become more expensive. more consumption is generally better for the economy. also, when filipino families back home are enjoying the increase in remittance value, they get to enjoy higher purchasing power. this, in turn, boosts production and employment. ![]() when the peso is weak, for one thing, we sell our products in the international market at a lower price. When the exchange rate is high, there are both advantages and disadvantages. should we be happy or worried? what are its implications? it would be better if everyone would have a basic understanding of the effects of a higher exchange rate. for the rest of the country, however, there are other repercussions to consider. To those who have overseas filipino workers family members who remit money to the philippines, this is good news. the exchange rate around 10 years ago was 53.52 to a dollar, and it would look like things are going in the same direction again. it is close to hitting the p50 mark, and we have not seen the philippine peso perform this way in a long time. Answer: at this time the peso-to-dollar exchange rate is 49.76 to one us dollar.
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