Has anyone wired large sums of money to Philippines? - View Single Post
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Old 11th February 2019, 05:17 PM
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Gary D Gary D is offline
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Users Flag! Originally from uk. Users Flag! Expat in philippines.
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Quote:
Originally Posted by hogrider View Post
Sorry Gary, have to disagree. I'm not necessarily talking about waiting for the best rate in a 7 year period, but taking advantage of short period swings. I was watching the rate last year waiting for the optimum rate and transferred a large sum first week of October. The difference over just a 3-6 month period was significant. Inflation will be a factor regardless of when you make the transfer, so doesn't enter into the equation.
What I was trying to say is that you got more for your dollar when the rate was 38 than you do now with it being 51.
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