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Showing posts from October 14, 2010

Peso on the Rise

I am not an expert in Finance but there is one thing I know, the continuing appreciation of Philippine Peso over The US Dollars is affecting us OFW really bad. I have asked my wife just the other day if the prices of basic commodities back in the Philippines are declining, the answer is a big NO. Therefore I would assume that us OFW doesn't have any direct nor indirect benefits from this high value of Php.