USD/PHP Conversion Rate

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USD/PHP Conversion Rate


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Old 27th August 2013, 12:27 PM
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Default USD/PHP Conversion Rate

I'm assuming many of you are watching the conversion rate change rather dramiticly in the past few days. Anyone know what's driving it?

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Old 27th August 2013, 01:12 PM
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I'm assuming many of you are watching the conversion rate change rather dramiticly in the past few days. Anyone know what's driving it?
A combo of the dollar strengthening on belief that the Fed is going to slow the printing of funny money and the Peso weakening on market instability caused by the current budget bruhaha.
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Old 27th August 2013, 01:16 PM
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I know that the whole pork barrel scam is a bad mark on the Philippines, but I secretly have been smiling about it knowing that it will cause the peso to weaken and make my USD go further here...
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Old 27th August 2013, 01:50 PM
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This year is really turning around just 4 peso's more really helps, I haven't checked the current rates but last time it was 44 peso's to the dollar.... I've noticed the difference, I used to use the money changer for some quicker money, I sometimes don't like to wait 30 days but now his exchange rate is so bad it's 36 peso's to the dollar and I've used him for two decades, I stopped cashing small checks with him and just added that to my monthly deposit.
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Old 27th August 2013, 10:24 PM
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We do all of our money dealings with our bank and have never had a problem. You have to be very careful with money changers, some can be con artists. My wife and I both had incomes and we never carry large amounts of pesos on us. We carry only what we need and if there is an emergency we can get to our bank.
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Old 28th August 2013, 12:34 AM
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I'm assuming many of you are watching the conversion rate change rather dramiticly in the past few days. Anyone know what's driving it?
Big jump this morning! It's at 44.63!
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Old 28th August 2013, 12:54 AM
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We do all of our money dealings with our bank and have never had a problem. You have to be very careful with money changers, some can be con artists. My wife and I both had incomes and we never carry large amounts of pesos on us. We carry only what we need and if there is an emergency we can get to our bank.
You can get better rates (most of the time) from a money changer but its best to use a larger established business if you do so. Be aware of the prevailing rates though, I saw an outfit in the new Ayala Mall (in Talisay) that was quoting a rate of 41+ when everywhere else was giving 43+. My only guess was they were counting on tourists coming straight from the airport and nit knowing better!


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Old 28th August 2013, 01:31 AM
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You can get better rates (most of the time) from a money changer but its best to use a larger established business if you do so. Be aware of the prevailing rates though, I saw an outfit in the new Ayala Mall (in Talisay) that was quoting a rate of 41+ when everywhere else was giving 43+. My only guess was they were counting on tourists coming straight from the airport and nit knowing better!
Just now got 44.35 at our xchange and the best bank rate (BDO) was 44.18 (our bank was only giving 43.55)!

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Old 28th August 2013, 01:41 AM
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I exchanged at 44 yesterday,,will transfer again when it goes up more.
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Old 28th August 2013, 02:14 AM
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I exchanged at 44 yesterday,,will transfer again when it goes up more.
I have a feeling that if the US and other countries get into it with Syria, it will hit 50% and probably higher. Looks like a wild ride with the exchange rate for a while..

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