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  1. mudpits is offline Verified Tsikot Member
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    August 13th, 2015 04:03 PM #31
    Ayos! Ganda ng palitan ng usd to peso! Hehe
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  2. NightRock is offline Tsikoteer
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    August 13th, 2015 05:08 PM #32
    Ayos yan para sa mga OFW bumaba ang Oil Price tapos tumaas ang palitan ng dollar.. Pero mag babago pa yan pag dating ne ber month since dami mag papadala ng dollar..

    bumaba din ng 20 cents ang opening ngayon ng dollar to peso.
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  3. monty_GTV's Avatar
    monty_GTV is offline 2012 GTV 4x4 A/T
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    August 13th, 2015 05:15 PM #33
    may pansabong na si kumpare
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  4. macsd's Avatar
    macsd is offline Tsikoteer
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    August 13th, 2015 05:33 PM #34
    During my days in HK, no body would dare want to have a YUAN. Now it's dictating the regional currency.

    Something is terribly wrong here How the hell can a country of fake dictate the real ones???
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  5. boybi's Avatar
    boybi is offline Tsikot Member Rank 8
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    August 14th, 2015 12:34 PM #35
    Quote Originally Posted by macsd View Post
    During my days in HK, no body would dare want to have a YUAN. Now it's dictating the regional currency.

    Something is terribly wrong here How the hell can a country of fake dictate the real ones???
    Because China is the factory of the world.

    - - - - - - - - - - - - - - - - - - - - - -

    Quote Originally Posted by macsd View Post
    During my days in HK, no body would dare want to have a YUAN. Now it's dictating the regional currency.

    Something is terribly wrong here How the hell can a country of fake dictate the real ones???
    Because China is the factory of the world.
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  6. badkuk is offline Tsikoteer
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    August 14th, 2015 01:18 PM #36
    Cheap labor + iron fisted rule = cheap manufacturing.

    Help me figure this out:
    - Yuan devaluates, making Chinese products cheaper...but
    - importers pay with USD, and USD is going up, making imports more expensive

    What is the net effect on the import of goods?
    Last edited by badkuk; August 14th, 2015 at 01:21 PM.
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  7. Lady Bathory is offline Verified Tsikot Member
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    August 14th, 2015 02:46 PM #37
    People can't seem to figure out why China's currency devaluation caused Asia-Pacific currencies to fall. It's because everyone only thinks of China as an exporter. People forget that China is a massive importer. Many Asia-Pacific countries export to China. The fortune of many countries are tied to China. For example, China is Australia's biggest customer. Australia supplies minerals to China. As China's demand for minerals fell so went the Australian dollar.

    Even before the devaluation China's imports have already been been falling. The devaluation will make imports more expensive. As demand from China falls so goes the economies of China's suppliers.

    Here's another chart showing exports to China as share of GDP.
    Now I guess people will understand why currencies of countries that export to China fell in reaction to RMB devaluation.
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  8. Juan Martinez is offline BANNED BANNED BANNED
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    August 14th, 2015 02:50 PM #38
    Quote Originally Posted by Lady Bathory View Post
    People can't seem to figure out why China's currency devaluation caused Asia-Pacific currencies to fall. It's because everyone only thinks of China as an exporter. People forget that China is a massive importer. Many Asia-Pacific countries export to China. The fortune of many countries are tied to China. For example, China is Australia's biggest customer. Australia supplies minerals to China. As China's demand for minerals fell so went the Australian dollar.

    Even before the devaluation China's imports have already been been falling The devaluation will make imports more expensive. As demand from China falls so goes the economies of China's suppliers.
    thank you. i got it now.
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  9. CLAVEL3699's Avatar
    CLAVEL3699 is offline THE MODerator
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    August 14th, 2015 02:52 PM #39
    Galing talaga ni Uls.
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    chrismarte is offline Tsikoteer
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    August 14th, 2015 05:57 PM #40
    san kayo nagpapalit ng $? sa villarica +.30 lagisa BDO. Nagtanong ako sa bdo kung may special rate sila minimum $5k daw
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