Peso-Dollar Exchange Rate

Saturday, November 22nd, 2008

As of November 21, 2008 5:43PM, the peso-dollar rate closed at P49.820 = USD1.00.
- Source: business.inquirer.net/forex

Hooray for bloggers like me earning dollars and for the OFWs remitting money! Though when you really think about it, the peso losing it’s power (or more appropriately, the dollar gaining strength) is not good for the Philippine economy. Prices of basic commodities will surely soar again, among other things. But well, regardless of the peso-dollar rate, prices are going up now that it’s nearing holiday season. Better to have more peso when we exchange our dollars, right?

I know, I know… selfish of me! Hehehe

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5 Responses to “Peso-Dollar Exchange Rate”

  1. Raquel says:
    November 22nd, 2008 at 2:14 am

    I am happy to hear about this. I think yesterday was php 50 something bumaba pala ngayon but it’s ok, malaki na yan. Sana aabot pa ng 55. I think year 2002 and 2003 umabot pa ng 57 (erap administration).

  2. liza says:
    November 22nd, 2008 at 5:35 am

    ayun na nga sana eh, nakakatuwa kaso tataas din naman lahat, hehe

    lizas last blog post..Excessive Sweating

  3. wiehanne says:
    November 22nd, 2008 at 11:33 am

    Same thing happens with Indonesia Rupiah. It’s a bad news for the country but it’s a good news for me whom earn USD. :P

  4. maiylah says:
    November 23rd, 2008 at 10:47 pm

    hehehe … ;P
    thanks for dropping by, sis. don’t have time na to go online much these days … kaya yung kita ko from blogging bumaba na rin. lol. :D
    maiylahs last blog post..Lasang Pinoy, Sundays

  5. dramaqueen says:
    December 6th, 2008 at 4:12 pm

    you are not selfish =]

    dramaqueen’s last blog post..They Kiss Again 20