foreign currency philippines
Posted in Philippines General Information on 02/18/2007 08:31 pm by admin
British Pound, Canadian Dollar vs. the U.S. dollar??
I know that the recession or not, GBP is the maximum amount of money between the three. However, looking a 6month see these three currency exchange rates give me a headache (haha) GBP decline from $ 2.1 now, decline from 1.37 CAD $ 0.99 now, 1.29 Can I ask, what really affects the change of GBP and strength? I know, this deal, including the foreign and trade interests of central bank's ... I am from the Philippines. Affected me because my mother (who works overseas) sends us the U.S. dollar as our monthly allowance. I collect and CAD GBP for my savings. While recession, like now. What is the most reliable currency aside from the U.S. dollar? Preventing the option, the CAD and GBP, where you buy? (suppose u really need to buy) pls i need an economic sense ... pls answer me completely I stand corrected --- above rates should be ... 1 CAD = U $ 0.77 not 1.29
hmmm. Pound is actually the least amount of money to have quotes. The USD is very strong, the CAD is about medium for the fall in oil prices (they export more oil - U.S. import a lot which is another reason for the dollar strength) The things that affect the amount of any currency is economic data (interest rate, recession etc.) - political data, natural disasters and acts of war. During the economic darkness, the USD is always a safe haven currency. For easing starting volume in the UK today, the pound is likely to continue to weaken. So, does this mean cheaper to buy. If I have USD, I want to convert to GBP as weak (buy cheap) and more prone to movement of goods prices (like oil for CAD) Hope this helps. Search the site below for more information on currency strength.
