Spoon
Contributor
shugar:
yeah but my lifestyle becomes cheaper. i guess its a double edged sword. you win some you lose some.
Exchange rate implications of strengthening peso
- Thread starter shugar
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yeah but my lifestyle becomes cheaper. i guess its a double edged sword. you win some you lose some.
Spoon:
Actually if you study the phenomenal rise in the Chinese economy, part of its spectacular growth is due to an UNDERVALUED currency. If for example the dollar/peso is worth Php51/$; the government will force peg it at Php 100/$.
Spoon
Contributor
Twomixdiver:
im no economist but what does that mean to the average chinese guy?
midwestdvr
Contributor
Yep. That's why the US gov't has been trying hard to change that. Has to do with that massive trade deficit. Americans love their cheap Chinese goods.Twomixdiver:
Spoon:
don't you export bro? this should not be good for your business?
Lets be cautious though on the rise of the peso vs the dollar. I don't think its because of a strengthening Philippine economy but because of a weakening dollar as reflected on the gains of the other currencies in the region also. I think that as soon as the US economy starts to climb again and we don't keep up, we will see again the weakening of the peso.
Spoon:
jobs.... the chinese guy cannot afford to buy an imported TV set, therebye creating a demand for locally produced products.
Spoon
Contributor
Axua:
yeah i export but the bulk of my operations are local so the gains in the drop of the dollar is more beneficial as a whole to my company
OP
shugar
Contributor
slightly off-topic OFF TOPIC - just saw some report last night... export of japayukis dropped from 8400+ in march to something like 450 in may...Spoon:
japayuki factories have been closing shop like roaches in a baygon factory and girls are going home job and peniless...
Jag
midwestdvr
Contributor
That is off-topic off-topic. Japayukis......isn't that like a "hostess"? I've heard of videoki girlsshugar:
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