Rates Are Up! Get Your Dollars Out From Under The Mattress!

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OnMyWay
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Posted
On 6/15/2018 at 10:06 PM, OnMyWay said:

Sorry to keep posting about this, but now it is 53.44 on XE.  Amazing run!

When I moved here on October 20th, 2012, the rate was 41.40.  So, since then it has appreciated 29%.  Even with the inflation factor, that has helped our finances tremendously.

 

Boom!  Popped up to 53.85 today on XE!

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earthdome
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6 hours ago, OnMyWay said:

Boom!  Popped up to 53.85 today on XE!

The last few weeks it has been up over 54 quite a bit. Hope it lasts for a few more months during our vacation to PH in Oct & Nov.

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OnMyWay
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10 minutes ago, earthdome said:

The last few weeks it has been up over 54 quite a bit. Hope it lasts for a few more months during our vacation to PH in Oct & Nov.

I think you mean 53?  It has not been over 54 since 2005 or 2006.

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earthdome
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1 hour ago, OnMyWay said:

I think you mean 53?  It has not been over 54 since 2005 or 2006.

Oops. My fx exchange rate app had a typo in it showing me a conversion for 1.014 USD to other currencies. You are correct. Currently showing 53.92.

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Old55
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4 hours ago, earthdome said:

The last few weeks it has been up over 54 quite a bit. Hope it lasts for a few more months during our vacation to PH in Oct & Nov.

That’s right folks we’ve both requested the rate to be over 60 by the last week of October so be prepared. 💰💰

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OnMyWay
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54.02 on XE right now.  That is about a 12 year high.  I think the all time high was 58.18 in 2004.

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JDDavao II
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We had dollars left over from our Singapore trip last week and got P53.30 at SM Forex for them. That was nice. This inflation here is eating up everything though.

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OnMyWay
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It has been holding over 54 for a week now.  Currently 54.17 on XE.

As mentioned, inflation is a concern.  I read that current inflation in PH is 6%, highest in Asia, and the gov is scrambling to stifle it.  Some are claiming it is as high as 10%.  Rice is hit hard due to some external contributing factors.

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OnMyWay
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It keeps on going.  54.32 on XE right now.

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earthdome
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13 hours ago, OnMyWay said:

It keeps on going.  54.32 on XE right now.

Perfect, we leave in 2 days for a 6 week vacation in the Philippines.

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