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Thread: whats happening with the peso ?
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22nd May 2007 #1
whats happening with the peso ?
the £ to peso has dropped from about 94 or 95 to £, to 90
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...
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22nd May 2007 #2
You haven't invested you dole money in peso's have you?
Keith Driscoll - Administrator
Managing Director, Win2Win Limited
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22nd May 2007 #3
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
oh ive editied it, i tihnk i might be wrong about what i said about him mom
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..
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22nd May 2007 #4and his dad was a drunk and gambler.
That's me!!!
Keith Driscoll - Administrator
Managing Director, Win2Win Limited
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22nd May 2007 #5
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22nd May 2007 #6
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....
Filipina a born survivor!
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22nd May 2007 #7
I can remember the pseo hitting 83 a few years back!!!
Keith Driscoll - Administrator
Managing Director, Win2Win Limited
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22nd May 2007 #8
Back in feb 05 when I got married it hit 115
helped the pocket no end
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23rd May 2007 #9
When I changed my first £ there I got PHP15.00.
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23rd May 2007 #10
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23rd May 2007 #11
^
yeah..i know it ...doesnt make sense...insanity- doing the same thing over and over again,expecting a different outcome...
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23rd May 2007 #12
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.
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24th May 2007 #13
oh its gone up now to 91.5
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24th May 2007 #14
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.
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24th May 2007 #15
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24th May 2007 #16
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!!
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.
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