Philippines Peso Continues to Grow Strong
When a country's currency becomes stronger, it just means that its buying power in the market has gone up. For the past months, the Philippines Peso has been thriving. From nearly Php 50 per dollar a few years ago, it has gone down to Php 40. For those whose businesses depended on the USD, this looks more like a problem than a solution.
For ordinary people, this isn't something they get concerned about. Any slight and gradual change in this exchange rate is not noticeable. It is because people don't usually transact in USD. However, for someone like me who gets a fixed price as payment, this surge in the peso has brown down the value of a dollar. Therefore, I'm actually loosing good money every time the Peso goes up.
This kinds of makes me want to go back to the days when dollar was high. But oh well, I'm happy for the country as a surging peso value is a good phenomenon.