⌛ peso manipulation ?

I read in one of the papers that the "central bank" stepped in to support the peso, support meaning it did not want the paso to loose value,

Was thinking, as soon as Arroyo and her merry band of ........ leave office, which I am also beginning to wonder about, will the peso be in for a big fall. The books will be open and all the little "white lies" about how well the economy has been doing might not be true.

Have an artificially high value on the peso while you repatriate money overseas.

Sure the OFW returns are high, but there is not much else supporting the economy aside from increased borrowings.

Just another thought, as I sit here looking into the middle distance doing my Clint Eastwood impersonation.

 

From what I have seen, the peso is expected to gain strength. I think the government isn't interested in sending the Peso up or down but rather keeping it from making fast movements. In other words, a relatively orderly rise or fall.

 

Is it just Me, or has anyone else ever noticed that the Exchange rate for the U.S. Dollar seems to go down at the end of the week right about the same time I'm transferring money to the Wife's account???? maybe it's just a conspiracy..

 

The World's Central Bankers' have tapped your phone lines and adjust global currency reserves according the actions you indicate to your wife. Sorry to be the one to break it to you, John, but you're screwed. ;-)

 

I do believe the peso rate is in for a big fall SidfromSydney. Arroyo administration has tightly controlled the peso rate way too long. I'm very sure that foreign investment has been held back over this peso rate problem. People are getting very tight with their money right now over this and just waiting. Filipino overseas workers are not happy, foreign expats are spending less. It is not in the best interests of the Philippine government to control this peso rate much longer. It is going to be very interesting to see how this new government will change this long over due problem.

 

Most of us look at currengy the wrong way;

We think the changes have to due with the local government where most is due to what is happening to your home currency, the peso is not strong, your home currency is weak, and that of China.
If China rises, as is expected, it floats all SEAsian boats so to speak..

 

As long as many wealthy nations are having economic pitfall,china will do well cuz thier forte is cheap product for the cheap people(most of world population)Chinas population keeps its wages low by over competing for jobs,china also is very well cultured in subsistence living like 3rd world countries, China did not have trouble in last collapse of global economies for these reasons and will not faulter for the same reasons in this aftershock from the 1st world economy decline. Currencies will fluctuate as people speculate and shift faith and where it will settle is not as logical as the market investments themselves.National currency fixing within a nation goes according to its own speculation and faith,if pilippines fixes its currency like china does it will be a gamble unlike china which is the world market and puts a strain on even american economy by just twitching it's currency to scratch chinas own itch.pilippines has no such muscle and will be at the mercy of the settling global economic dust and luck so it better not stand its worth beyond it's power..

 

Germany has initiated Govt.economic rules to control the market and so has the USA. germanys is more tight regulation while USA is a more of many small changes to control the market.USA yanked it's will to bail out billionare companies that collapes the market by greed based tactics we all took advantage of.When these Govt. regulations take root in more countries we may even be able to have an effect on chinas economy eventually just by regulating our countries business more.China is heavily regulated to favour its growth wht dont we protect ours?