ShortJohnSilver
31st October 2010, 07:17 PM
I have been watching the USDPHP rate:
http://finance.yahoo.com/q?s=USDPHP=X
Reason: Philippines is an economy in Asia, the PHP is not part of any manipulated currency baskets, and they do a lot of trade with the USA.
Therefore, if the currency grows stronger against the USD, it is clear, that the USD is truly weakening.
Only 5 years ago in 2005, it was 52 to the dollar, now 42.8 to the dollar - a loss in real terms of what, 20% ? AND, Philippines inflation rate has been 3-5% a year every year between 2005 and now, meaning that the dollar is even weaker.
http://finance.yahoo.com/q?s=USDPHP=X
Reason: Philippines is an economy in Asia, the PHP is not part of any manipulated currency baskets, and they do a lot of trade with the USA.
Therefore, if the currency grows stronger against the USD, it is clear, that the USD is truly weakening.
Only 5 years ago in 2005, it was 52 to the dollar, now 42.8 to the dollar - a loss in real terms of what, 20% ? AND, Philippines inflation rate has been 3-5% a year every year between 2005 and now, meaning that the dollar is even weaker.