Historical exchange rates.

Two interesting websites. First Dollar to peso since 1950.

The Coffee: The Philippine peso, from 1950 to 2009

Second other currency data. Current, one year and back to 2005 ish.

Philippine Peso (PHP) Exchange Rates

 

Great info!

 

I know this is an old thread but exchange rates are important to most of us. Yesterday (June 20 2013) the peso dropped to its' lowest level for 17 months. This has wiped out the entire 6.8% gain of the whole of last year, and as at yesterday the peso has weakened by 6.7% to the dollar. (Source 1: Wallace Business Forum. Source 2. Philippine Daily Inquirer). In March this year, 1$ US = 40.54 peso, today on XE it is trading at 1$ US = 44.09 peso. For Brits, in March this year, 1pound = 60.47 peso, today on XE it is trading at 1pound = 68.32 peso. Todays trading rates quoted are relevant at the time of making this entry on this thread, and the rates are fluctuating, but a better rate of exchange, which has risen significantly in three months, is good for all of us.

 

Hehehe we can wish, but it would be nice to see it keep rising for a while. A better exchange rate doesn't hurt the locals as the peso in their pocket still buys the same. But it could help them indirectly. For some expats here living on a limited low income, a better exchange rate will give them more disposable income, therefore more money to spend locally.

 

Almost everyone will profit from a weaker Peso, the expats, the local businesses, the OFW but not the Government, having to pay back their loans in $...
So, the Country will suffer but the rich will still get richer...

 

Yes, thats absolutely true, but in any country the rich usually get richer, even in the old Russia where everyone was supposed to be equal, the oligarchs still made fortunes from other peoples misery. As far as the OFWs go, they are still sending back the same amount in dollars/pounds/ euros, but getting more pesos for them. The downside of course, is that some of them will come home and find that the hard earned money that they sent back has evaporated.

In resurrecting this thread yesterday, I must have tempted fate, as the exchange rate then began to drop. The pound at 68.32 pesos is now trading at 67.42 peso, but I have found that historically it tends to drop before the weekend so that there is a constant low until trading starts again on Monday. Even so, it is a far better exchange rate than it was 3 months ago for dollars pounds and euros.

 

One opinion of late regarding the drop in the Euro

Week in FX Europe – EUR’s Kiss Of Death From Ben | OANDA Forex Blog

The 17-member single currency got the “kiss of death” from the Fed – just like other currencies against the dollar. It has been a tough two weeks for the one of the G3 member currency. First, the market pared their record dollar longs going into this week’s watershed FOMC meet and even managed to go long the EUR, nothing aggressive mind you. Second, the market did not anticipate that ‘helicopter’ Ben and his fellow cohorts would be as hawkish as they finally where mid-week. Now that tapering is on the Fed’s table, US yields have aggressively backed up, while the fear of expensive money has global equities entering “rout” territory. All of this has resulted in the USD be crowned ‘King’ again.

The EUR is ending the week printing fresh two-week lows as concerns about Greece’s political and financial stability is enough to act like another lead weight for the common currency. The “mighty” dollar has managed to extend its rally for a fifth consecutive session on the Fed’s optimism and their transparent roadmap towards tapering. The panic and lack of liquidity has been expensive for the many individuals who seem to have been caught in the matrix headlights. Closing below 1.3145 supports the bearish momentum of the EUR.