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Dollar Up or Down

Discussion in 'Expat Section' started by PatO, Aug 4, 2018.

  1. PatO

    PatO DI Forum Luminary Highly Rated Poster Showcase Reviewer Veteran Marines

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    Hopefully, some of you are more economically-inclined than I am. I understand how supply/demand, interest rates, and other hard to grasp factors drive the dollar to peso exchange up or down. What irritates me it seems more times than not, the exchange rate drops every month around the time my SS monthly transfer arrives and I have to convert to cover local expenses, then goes back up a couple of weeks later. It happened again this week. I am not a great believer in conspirisies but it sure seems suspicious.
    I imagine it is the toughshitski rule, it happens!
     
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  2. Wrye83

    Wrye83 with pastrami Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    Screenshot_20180804-174800.png

    I don't see a monthly pattern.

    Excuse the months and years in the screenshot, that is for the last year...not the middle ages. Google thinks I'm Persian...and it's quite annoying.
     
  3. Notmyrealname

    Notmyrealname DI Senior Member Highly Rated Poster Showcase Reviewer

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    But you compare a very strong currency which ultimately will fall (if we knew exactly when they we would all be millionaires) against a weak currency which may also fall. Probably better to think of investing in the Japanese Yen or Singapore Dollar .... and, if you feel really lucky, the GBP.
     
  4. Jack Peterson

    Jack Peterson DI Forum Luminary Highly Rated Poster SC Connoisseur Veteran Air Force

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  5. Notmyrealname

    Notmyrealname DI Senior Member Highly Rated Poster Showcase Reviewer

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  6. Sedona

    Sedona DI Member

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    I have my SS payments go direct into a US bank account, that way I can choose the best time to transfer them over to my BDO account in pesos. The short term fluctuations are pretty small actually, a few tenths of a peso. The peso has gone from 49.8 at the start of the year, to 53.5 today, so we should be happy about that. As long as it is above 52, I just do my transfer right away. If it drops below 52 then I will hang in there for awhile and wait for it to get above again. Trump has blown the US deficit through the roof, and his tax cuts for billionaires has been good for the market, this all makes the dollar look strong -- combined with the fact that the PH peso is Asia's worst performing currency -- and hence, one dollar buys a lot of pesos right now.
     
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