Not to bad Today, My pension is in at 70.21 but the then I am old and bin getting a pension for some 6 years so maybe they feel sorry for me.
Yes, the GBP has climbed the last few days but was 74 only a few weeks ago. I think if it were not for Brexit it would now be well over 80. The 71 is more a reflection of a decline in the PHP than a rise in the GBP re. a more mixed basket of currencies.
Not really sure what the RP could really do about the more recent inflation or how Duterte is responsible for the longterm inflation that has gone on. The dollar is strong and the Philippines is to small and weak economically to really do much to offset such strength and with China hurting its not helping the Philippines either. A huge part of the problem is the population is seriously out of control and with such a huge ever increasing population boom demand goes higher and higher and prices can go higher and higher. Add in the Philippines was a nice expat retirement place for former/retired military in 2000-2010 since then its boomed insanely for any retired expat. Super high demand and prices just go up.
I have noticed the Aussie Dollar is going down again while GBP and USD is rising. Can only put that down to the Clowns in Office in Australia, reflecting as such in the value of the Aussie Dollar on the World Stage. Wouldn't mind if it went back to 45php like it was once before. While the Yanks would cry in their Beer at 45php to the Dollar, the Aussies surely would be rejoicing!
I was crying into my beer when it was P38 to the dollar. Was perfectly content at P45. Started getting worried about inflation when it went +P50.
All a bit confusing for me (mild brain injury that muddles me up at times) so can you explain in layman's terms for me; As Inflation rises in the Philippines, the Pesos drops and Foreign currency rises. So in a way we Foreigners seem to balance out and soak up the Inflation here with the rise in our own currency. Is this correct or do I have the Bull by the t*ts?
Fixed it for ya. Most of us foreigners are still getting the same rate for our currency so suffer from inflation but the US$ is going up to balance out the inflation.
Interesting read that ties inflation to the price of oil and weakening of the peso. Look at how closely it matches the cost of oil. https://www.rappler.com/thought-lea...easons-philippine-inflation-now-highest-asean For those math majors have a look at this. The soul-searching, plaintive question, then, that Pinoy-philes have been asking is, Why has this happened to a nation so full of promise, to a people who believed— believe(!)—themselves to be so particularly blessed? In searching for answers, instead of delving into economic history, this essay takes an altogether different tack. It sets out to obtain a fresh look at the Philippine economy by adopting the comparative approach and long-term lens of the relatively new discipline of growth economics, using its models and tools of analysis. In addition, it interprets the data in the light of recent findings in and perspectives of modern development economics. Why has the Philippines Remained a Poor Country? Some Perspectives from Growth Economics https://www.econstor.eu/obitstream/10419/46668/1/538098074.pdf
hmmm, let's see, where could this inflation stuff be coming from? hmmm. Well it can't be we decided to tax the crap out of fuel causing prices to go from p35 to p50 a liter.... hmmm, what could it be??? hmmm, I GOT IT!!! It was Trump! Ya ya, that's what it was... lol
With the Euro above 60 (currently close to 64! ) im a happy camper. Especially since the rent has stayed the same so far
