US Dollar

[StockEngine]

Its almost at a level similar to 5years ago. I wonder how the remittance will be like come payday.

XE High 45.86

[dreamur]

Good news!

[_Cathy_]

I remember ten years ago when it was around the 55 mark.

[StockEngine]

I remember ten years ago when it was around the 55 mark.

With 55 thats like a free car for some expats. Hopefully this year it breaches 47-50pesos.

[confused shoes]

Not a good news for importers.

[macsd]

Higher $ is good for OFW & their depents likewise for exporters & BPOs. Good for tourism.
It's bad news for imports, could hold gasoline prices to further go down and costly for foreign travel.

But what i don't damn understand is why is that the price of car keeps going up irregardless whether $ goes up or down. Unless the only logical explanation is taxes.

[CVT]

Higher $ is good for OFW & their depents likewise for exporters & BPOs. Good for tourism.
It's bad news for imports, could hold gasoline prices to further go down and costly for foreign travel.

But what i don't damn understand is why is that the price of car keeps going up irregardless whether $ goes up or down. Unless the only logical explanation is taxes.

Sadly, it is, bro....

[c_cube]

Not a good news for importers.

Yeah..

[StockEngine]

Higher $ is good for OFW & their depents likewise for exporters & BPOs. Good for tourism.
It's bad news for imports, could hold gasoline prices to further go down and costly for foreign travel.

But what i don't damn understand is why is that the price of car keeps going up irregardless whether $ goes up or down. Unless the only logical explanation is taxes.

Some Mux variants are priced nicely
So are suzukis and nissans. Also some mitsubishi is nicely priced. And the ecosports.

As for price increase, its relative to supply and demand. I mean look at the total car sales this year for the Philippines. We will exceed 300k by the end of the year. People are getting richer hence demand is increasing. Supply will be limited. Prices go higher. Same case for condos. A growing economy like ours will push prices higher.

Look at the scam victims. They are liquid in millions. Imagine how many cars they already have and what they can afford.

The AEC hopefully will enrich aseans more. Sana in the next 3-5years meron na effect sa Philippines.

[StockEngine]

XE HIGH 46.04

I wonder how the chinese yuan devaluation affects this...