If anyone just happens to read this posting. I would really appreciate your comments or advice on how to deal with this falling dollar exchange rate against Peso (and euros for that matter)? I have significantly saved in Dollars in my former life in the US but I have no idea if there is anything wise to do with it now. I don’t have a peso bank account in the Philippines, can I actually open one online? Is there a special way I could do this?
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1 response so far ↓
1 Cecilia // Apr 8, 2008 at 6:35 am
Indeed it’s scary when it would stop???…just like the real estate here in California. Some believes we’ve hit bottom and may not keep going down anymore, but when you look around–you’ll find more forclosures everyday.
I don’t want to believe it…I don’t know if I will believe it…but 4 yrs ago when the dollar was hitting P55 and was going down to P50, I didn’t really want to exchange more than I need at that moment (thinking it would go up–sigh–). Look where it is now.
I didn’t want to believe the rumor then that it would probably hit P36…but we’re almost getting there now. I really don’t know. Regarding on line exchange, I haven’t checked PNB if the have one. Here in CA, we have a lot of small branches in almost every city where you can open a Philippine account.
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