Peso is plunging to 17yrs low

[Centrals]

Peso falls to nearly 17-year low

THE Philippine peso had its worst day in over 17 years, falling to P56 to the US dollar on Thursday.

www.manilatimes.net

56.34 to Greenback in HK today.

US$ is very strong!!!! Same happens to Thai Baht and Malaysian Ringgit.

 

[Mango's Dive Center]

There are some projections that the PHP may continue to get weaker. This is a plus for us "Kano's" that exchange USD to live here in the Phils, but not so much for the Philippine people.

For those on or pegged to the USD, this year is a great time to consider a dive trip to the Philippines.

 

[Centrals]

There are some projections that the PHP may continue to get weaker. This is a plus for us "Kano's" that exchange USD to live here in the Phils, but not so much for the Philippine people.

For those on or pegged to the USD, this year is a great time to consider a dive trip to the Philippines.

Not a good news for the Pinoys. The DH in HK will be pleased when they wire the money home.
HK$ is still pegged with US$ but 7 days of quarantine is still required. Hopefully it will relax a bit in few months time.

Peso revisits all-time weakest of P56:45:$1

mb.com.ph

56.45 is the record.
I might have to change the title to "all time low" soon.

 

[NAUI Wowie]

yea but.......it used to be 800 bucks round trip from California to Cebu. Its now like two grand. Or was recently. And thats not taking into consideration thousands of flights a day world wide cancelled and specifically for me as I love diving around Cebu as a main launch spot, there are no more direct flights. You gotta stop in Manila now....

so theres always a plane switch now there are two plane switches each way.


You might save a bit on hotels but you lose more on airlines

 

[Kupu]

I have regularly been changing USD to peso since 2004, so no complaints with the current exchange rate.
Round trip CLT - MNL flights have been running $1k to $1.5k most years, and still in that price range right now when booking a flight for this fall.

 

[Centrals]

I suspect the extra fuel cost has a much bigger impact on the fare than exchange rate.
The basic return fare from HK to Phuket is around US$156.00 but the additional fuel surcharge is US$80.00 ie. 33% of the total fare($240.00).

The cost of the fare or the exchange rate are out of my control so I do not worry too much about them. Long haul is a distant memory for me but Indonesia, Malaysia, Philippines and Thailand are not very far.