MANILA, Philippines--The peso on Wednesday marked its strongest close against the US dollar in nearly two months as waning global oil prices rekindled investor appetite on local currency, bonds and equities.
Also, share prices at the Philippine Stock Exchange rose to their highest level in two months as investors cheered Wall Street's rise due to a US Federal Reserve decision to keep its key rate.
it is good thing for the filipino.
it means there economy is developing.
As the peso gains strength, Filipinos are having
more chance to have growth of economy.
But for me, if peso gains strength,
we will loss our money from my country.
how sad, if you are having profit,
i will be having a loss. :(
4 comments:
it's like when you exchange your money for dollars in the past and the dollar rate continuously decrease, instead of gaining more money, it loses more.... that's sad about it... im not happy that the peso gains strength
This is good to hear that the peso rate is going strong but sad to hear that even though our peso is going strong, the oil is still expensive. It should have been better if the peso is strong and the oil is cheaper for us.
yeah it is good for the economy . but think about it if the peso use to be 50 dollars you can buy 5 pices of a 10 peso thing but when its at 40 you can only buy 4
woah. never knew that
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