Rising every day! Fingers crossed EH?

[JJReyes]

Peso is down, but merchants immediately raise their prices.  Peso is up, but prices don't go down.  Sounds like the system is rigged.

[hk blues]

On 6/1/2024 at 8:38 PM, OnMyWay said:

Now, it is very hard to measure if we are winning or not.  A few years ago before Covid, when inflation was tame, and the U.S. was not printing money like it grew on trees, I could see a big difference when the rates went up.  Now, everything is so expensive, the additional pesos per dollar are quickly eaten up.  Probably more so in my case, because the imported groceries I like to buy have soared much more than local goods, although those are way up too.

Back then I didn't worry to much about weak peso impact on Filipinos, but now, I can see it really hurting them.  

But we are certainly benefitting more than those whose home currency is not getting a boost so we are losing less than some if you like.  

[hk blues]

On 6/2/2024 at 7:18 AM, scott h said:

 

I grew up in a penny-pinching household (no my parents were not Scottish, despite my name )

 

[Georgebob]

I would like to see it as the same as the Thai baht

 

[Jack Peterson]

3 minutes ago, Georgebob said:

I would like to see it as the same as the Thai baht

 

 I am confused My friend, can you explain just what you mean by that 

[Mike J]

14 hours ago, Georgebob said:

I would like to see it as the same as the Thai baht

 

Both charts show five years compared to the US dollar.

[Jack Peterson]

 Now back to the Topic,

 Pound sterling equals

 

75.16 Philippine peso 

[GeoffH]

This on the other hand is the Australian dollar to Philippine Peso over the last 5 years (you can clearly see the start of Covid plunge), there is a small recent increase but nothing that really breaks the level of the last 3 years.

[OnMyWay]

On 6/3/2024 at 2:50 PM, hk blues said:

But we are certainly benefitting more than those whose home currency is not getting a boost so we are losing less than some if you like.  

Can't find any of those.  Peso is down against everything the last month, 2-6%  Even those hapless Canadians are up 2.96%

Change the country on this XE chart.  GBP over 75 now.  USD heading for 59.

https://www.xe.com/currencycharts/?from=EUR&to=PHP&view=1M

[GeoffH]

11 hours ago, OnMyWay said:

Can't find any of those.  Peso is down against everything the last month, 2-6% 

Most economists would say that a month is too short to determine a trend, even 3 months isn't really enough.

A year?  Maybe

Tthe AUD is up a bit over the last year but only level with 2 years ago for example.