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View Full Version : whats happening with the peso ?



joebloggs
22nd May 2007, 10:50
the £ to peso has dropped from about 94 or 95 to £, to 90 :yikes: in just over a week

anyone know why ? must be the elections ??

i remember getting like 107 to £ a couple of years ago, but i also remember getting like lows 80's or less 6yrs or more ago...

KeithD
22nd May 2007, 10:54
You haven't invested you dole money in peso's have you?

joebloggs
22nd May 2007, 11:00
nah but i send money to my wifes aunt, to pay for my wifes cousin, to do a nursing degree, the guy had a hard life, he never had much contact with his parents, his mom abandoned him and his dad was a drunk and gambler. just giving him a better start in life :rolleyes:

oh ive editied it, i tihnk i might be wrong about what i said about him mom :yikes:

anyway, i know hes had a really hard life, who wants to look after someone else kids, when your struggling with your own,, but to my wife, hes like a younger brother..

KeithD
22nd May 2007, 11:28
and his dad was a drunk and gambler.


:omg: That's me!!!

joebloggs
22nd May 2007, 13:05
:omg: That's me!!!

your his dad :omg: , hey iam sending the heavies around to extract :action-smiley-081: the money you own me :D, i thought only a scouser would treat some kid so bad :cwm24:

eljean
22nd May 2007, 18:36
if your happy that peso is dropping its value against pound well it is supposed to be a good thing for peso coz its trying to climb up for its value...anyway...i hope our peso become 90 pound value someday....:icon_lol:

KeithD
22nd May 2007, 22:02
I can remember the pseo hitting 83 a few years back!!! :cwm3:

andypaul
22nd May 2007, 22:45
Back in feb 05 when I got married it hit 115:D helped the pocket no end:xxgrinning--00xx3:

fred
23rd May 2007, 05:32
When I changed my first £ there I got PHP15.00.

robeth
23rd May 2007, 08:24
When I changed my first £ there I got PHP15.00.

I know this is not funny...but it does made me laugh :Erm: :doh

Maybe theres a mathematical explanation to it?

Peso / corrupt government = sterling pounds

:Help1:

robeth
23rd May 2007, 08:26
^

yeah..i know it ...doesnt make sense...:Rasp:

fred
23rd May 2007, 17:57
:Erm:

The explanation is that the rate then was £1.00= PHP15.00.
When it went to PHP20.00 we all thought we were rich!!
Now I feel like a zillionaire.:REGamblMoney01HL1:

joebloggs
24th May 2007, 10:42
oh its gone up now to 91.5 :xxgrinning--00xx3:

fred
24th May 2007, 13:49
I have a feeling that the ££ will go down further due to the housing crash and rising inflation thats on the horizon..
This is bad news for me..I might even buy a shed load of Euros before its too late.

joebloggs
24th May 2007, 14:02
I have a feeling that the ££ will go down further due to the housing crash and rising inflation thats on the horizon..
This is bad news for me..I might even buy a shed load of Euros before its too late.


:omg: housing crash :D wow ive been waiting years for this to happen...

i dont think so, too many immigrants here now, pushing up demand..

£ is still worth near 2 usd thou.

fred
24th May 2007, 15:20
I could be wrong but when Interest rates are set to hit 6% at least by year end to control rising inflation..With people paying mortgages at 6 times their annual salary,somthing has to give.. IMO it will be a housing CRASH!!:yikes:
Im not sure how immigrants can afford our property prices and with landlords profits reducing to less than 3% they would be better off selling up and stashing the money in the bank.. They can get 6.25% with a simple savings bond these days.