philippines peso rate
Posted in Philippines General Information on 08/11/2010 08:07 pm by admin
What happens if you woke up oneday to see the rates of exchange for 1 dollar is 25 pesos?
How does this impact the economy in the Philippines and how This will impact OFW? Is it a good or bad thing?
When that happens, I will start thinking of when it falls to P20, or less. The overall effect is positive, and the OFW sector will by then be adjusted. Because when I wake up that day, chances are the exchange rates before and after have been around 30, at worst. It is impossible for the exchange rate to improve overnight 45-25.
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