us dollar rate...

[stinkaboy]

It opened yesterday at 55.03 and hit an intra-day low of 55.04 before breaching the 55 barrier.

[mazdamazda]

on the other hand... kung pababa talaga ang value ng dollar... parang ok nang mag unload right now... la wenta naman kasi yung interest para sa dollar deposits...

[tagalnasaabroad]

my wife just had a chat with a BPI branch manager.."ma'm if you plan to unload into pesos for a typical TD placement ang rate ho ngayon is about 5% per annum"..and here's the stinger.."kaso we are debiting 20% as withholding tax..! ngek, magkano nalang tubo ng pera nyan..ganon ba...ok, ok we'll keep nalang our measly dollar deposits, sir..

there you have it..banks themselves indirectly saying they dont want peso deposits..unpredictable kasi, eh..

[FrankDrebin]

Peso rallies at 54.98: $1 as of this afternoon.

http://www.abs-cbnnews.com/FlashNews...FlashOID=23518

[cyberdoc95]

[SIZE=3]Peso plunges to P55.03 to the $[/SIZE]

By VG CABUAG
TODAY Correspondent

The peso plunged by a whopping 46 centavos on Tuesday, its biggest loss since the start of the year, closing at P55.03 to the US dollar as other Asian currencies were dragged by the stronger dollar at the eve of the Chinese New Year.

Banco de Oro trader Jonathan Ravelas said there was a dollar squeeze created by the Chinese New Year holidays, and the dollar has also reached its one-month high against the Japanese yen.

“This is the correction that we have long waited for. What goes up must come down,” Ravelas said.

Bangko Sentral ng Pilipinas deputy governor Amando Tetangco Jr, on the other hand, said: “The peso moved with the region, dollar demand and the Chinese New Year, which may cause some illiquidity as some markets are closed.”

All of the positive improvements in the country, another trader said, such as the tax- revenue measures, have been overshadowed by the improving outlook both on the dollar and the US economy.

The volume of trade at the Philippine Dealing System reached $476 million, with morning trade accounting for the $357 million. Traders said that the exporters already saw the opportunity to cover their dollar requirements -- which they have been postponing for a long time because of the strengthening peso -- early on the trade.

The peso opened weaker at P54.68, nine centavos lower than the previous close, and managed to reach a high of P54.65, and then went southwards from then on.

Another trader said that there was nothing serious on Tuesday’s close since it was a natural reaction of the market when it sees an opportunity of a strengthening dollar.

Much of the peso’s improvement during the past months was caused by the negative sentiment on the widening US current accounts and trade deficit.

“It may even go to P55.80 this week,” the trader said, adding that the new trading range they were looking at was between P55.10 and P55.15.

On Monday, the peso reached P54.57 to the dollar, the highest since October 2003, with trade volume reaching $364.5 million.


SOURCE: CLICK HERE
Or go to: http://www.abs-cbnnews.com/NewsStory...ness&OID=68108

[shadow]

in just one day bumagsak ang peso ng 40 cents..... ano b a yang

[Yamada Jiro]

Masyado kasi mabilis ang pagakyat nya. Kaya kung bumagsak, mas mabilis...

[BlueBimmer]

kaya dont keep ur hopes up, mabilis lng bumagsak hehe

[cyberdoc95]

As of this week:

02/18/2005,54.90
02/19/2005,54.660
02/20/2005,55.370
02/21/2005,55.370
02/22/2005,54.9750
02/23/2005,54.650
02/24/2005,54.690


Source: OANDA.COM

[Karding]

Much of the peso’s improvement during the past months was caused by the negative sentiment on the widening US current accounts and trade deficit.

ayunnn. The US Dollar is competing to itself. Ang makakapag-pabagsak lang sa US dollar eh ang sarili nyang Economy. Peso went up but that doesnt mean the economy is getting better. Peso goes up when US economy suffers and the Philippine economy stays the same.