Dollar To Peso Value and Trends
Knowing what the Philippine Peso is worth at any given point in time is of value, it tells us what our spending power is on that date. However, to have an idea what is going to happen in the future one needs to know the historical values and also be informed about current affairs that might effect the market value of currencies and study what has happened in the past. At least some knowledge of economics and finance is also good, the more knowledge the better.
Nothing is a perfect predictor. Sometimes markets just don’t behave the way they should. I am not a trader but I might be some day. You should treat all information here as my opinion and not as fact. While I do have a bachelor degree in Business Administration from a four year college in the US, I am an amateur, before risking your money consult a professional. Do not base any investment decisions on what is displayed here. At the same time, hope this information will be of use for expat finances.
I am going to attempt to provide daily highs and lows on the market. At first just the data and hopefully later will be able to add graphs and my amateur analysis of what is going on. I welcome all ideas and information.
Hopefully I wont miss any days and my unpaid assistant will remember to gather the data. I have data for about ten years and I would like to get it summarized and displayed here. That will be a pretty large job.
A quick look at the the year historical data seemed to point out that the rates of last year were lower than usual. That the dollar is usually close to P50 than P39 which is good news to me.
For now I will start posting the information for each day by month. I hope it will be of use to the reader. If you have some experience with graphs and spreadsheets/databases on WordPress and know of plugins I could use to enhance the information, pleasue use the “questions” page to contact me or just leave a comment.
Conversion Table: USD to PHP (Interbank rate)
Time period: 01/01/09 to 06/25/09.
Daily averages:
01/01/2009 47.920
01/02/2009 47.660
01/03/2009 47.6450
01/04/2009 47.9130
01/05/2009 47.9130
01/06/2009 47.32150
01/07/2009 47.08950
01/08/2009 46.58660
01/09/2009 47.00270
01/10/2009 47.25020
01/11/2009 47.46810
01/12/2009 47.46810
01/13/2009 47.63430
01/14/2009 47.65260
01/15/2009 47.2420
01/16/2009 47.45940
01/17/2009 47.27320
01/18/2009 47.1230
01/19/2009 47.1230
01/20/2009 47.28990
01/21/2009 47.51960
01/22/2009 47.64070
01/23/2009 47.48410
01/24/2009 47.46740
01/25/2009 47.36070
01/26/2009 47.36070
01/27/2009 47.44640
01/28/2009 46.98380
01/29/2009 46.79580
01/30/2009 47.03430
01/31/2009 46.88930
02/01/2009 46.48480
02/02/2009 46.66070
02/03/2009 47.48250
02/04/2009 47.26960
02/05/2009 47.40810
02/06/2009 47.5350
02/07/2009 47.30610
02/08/2009 47.22450
02/09/2009 47.22450
02/10/2009 47.11870
02/11/2009 46.89590
02/12/2009 47.020
02/13/2009 47.30830
02/14/2009 47.24910
02/15/2009 47.2840
02/16/2009 47.2350
02/17/2009 47.63260
02/18/2009 47.95760
02/19/2009 47.79470
02/20/2009 47.95730
02/21/2009 48.25870
02/22/2009 48.270
02/23/2009 48.270
02/24/2009 48.17570
02/25/2009 48.24660
02/26/2009 48.19020
02/27/2009 48.41860
02/28/2009 48.83420
03/01/2009 48.90430
03/02/2009 48.90430
03/03/2009 49.10010
03/04/2009 48.95310
03/05/2009 48.75320
03/06/2009 48.74280
03/07/2009 48.65570
03/08/2009 48.84630
03/09/2009 48.84630
03/10/2009 48.68390
03/11/2009 48.46910
03/12/2009 48.46980
03/13/2009 48.54410
03/14/2009 48.59830
03/15/2009 48.50430
03/16/2009 48.50430
03/17/2009 48.48550
03/18/2009 48.4350
03/19/2009 48.54080
03/20/2009 48.42570
03/21/2009 48.4660
03/22/2009 48.4620
03/23/2009 48.4620
03/24/2009 48.20210
03/25/2009 48.16520
03/26/2009 48.29690
03/27/2009 48.20940
03/28/2009 48.25420
03/29/2009 48.220
03/30/2009 48.220
03/31/2009 48.59220
04/01/2009 48.42370
04/02/2009 48.36910
04/03/2009 48.09470
04/04/2009 47.94230
04/05/2009 47.82760
04/06/2009 47.82760
04/07/2009 47.91710
04/08/2009 47.90550
04/09/2009 48.11580
04/10/2009 48.03140
04/11/2009 48.10540
04/12/2009 48.10540
04/13/2009 48.10540
04/14/2009 48.0
04/15/2009 47.69470
04/16/2009 47.77230
04/17/2009 47.760
04/18/2009 47.92950
04/19/2009 47.9580
04/20/2009 47.9580
04/21/2009 48.22520
04/22/2009 48.55050
04/23/2009 48.76080
04/24/2009 48.72750
04/25/2009 48.57290
04/26/2009 48.67090
04/27/2009 48.7730
04/28/2009 48.71630
04/29/2009 48.88890
04/30/2009 48.7350
05/01/2009 48.29530
05/02/2009 48.1440
05/03/2009 48.1440
05/04/2009 48.1440
05/05/2009 48.15210
05/06/2009 48.01490
05/07/2009 47.88740
05/08/2009 47.50670
05/09/2009 47.31710
05/10/2009 47.24750
05/11/2009 47.24750
05/12/2009 47.39550
05/13/2009 47.35430
05/14/2009 47.41560
05/15/2009 47.80790
05/16/2009 47.70410
05/17/2009 47.86220
05/18/2009 47.86220
05/19/2009 47.61240
05/20/2009 47.30360
05/21/2009 47.36910
05/22/2009 47.2920
05/23/2009 47.06120
05/24/2009 47.06120
05/25/2009 47.06120
05/26/2009 47.22130
05/27/2009 47.42930
05/28/2009 47.38630
05/29/2009 47.50290
05/30/2009 47.41280
05/31/2009 47.41280
06/01/2009 47.41280
06/02/2009 47.56910
06/03/2009 47.35520
06/04/2009 47.36910
06/05/2009 47.30640
06/06/2009 47.27280
06/07/2009 47.18740
06/08/2009 47.18740
06/09/2009 47.67290
06/10/2009 47.64790
06/11/2009 47.59140
06/12/2009 47.76340
06/13/2009 47.75430
06/14/2009 47.75430
06/15/2009 47.75430
06/16/2009 48.24930
06/17/2009 48.37170
06/18/2009 48.42730
06/19/2009 48.84250
06/20/2009 48.49380
06/21/2009 48.35240
06/22/2009 48.35240
06/23/2009 48.44350
06/24/2009 48.48840
06/25/2009 48.25580
Average (176 days): 47.86146
High: 48.97500
Low: 45.82400
Popularity: 14% [?]
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Hi Rusty,
I have been interested in possible retirement in the Philippines for some time now. Just found your site(s) tonight. I still have several years until I can retire and possibly relocate to the Philippines. I was thinking some where around Cebu City so I am very happy to have run into you on the web. You mentioned that you may be interested in becoming a trader, by that did you mean a FOREX trader?
Take care,
Craig from Michigan
Welcome Craig,
Glad to have you here.
yeah, one of the days I’d like too.
It would be wise if one had real cash in the bank. With the proper positioning you can hedge your funds so that if the dollar rises or falls you end up loosing less if things go badly. You’ll also make less though. Its a way to manage risk. By taking positions in both you limit what you can make but also what you loose.
For now, I’m just watching and learning. So far, the Philippine economy has proven more resilient than I thought, more importantly more resilient than the experts thought. Though the reason for it may have been actions taken by the Dept of Labor and Education (DOLE) in the Philippines rather than actions by the central bank, though I thik tey made all the right moves too. They managed to open up some new avenues of places for Filipino’s to work over seas. That offset they huge drop in remittances coming from other countries, especially the USA.
I haven’t seen anyone that saw that coming. I hear people say this or that but they don’t back it up with why. Not very useful, what I thought was going to happen so far has been proven wrong but at least I had very sound reasons for being wrong. LOL
For now, still learning.
Hey Rusty,
Yes, there is much learning involved in trading currency. I have been trading via a demo account now for close to a year. I did trade briefly with a live account just to see how it was in relation to a demo, it is different only in the fact your using real money. I did this on a micro account so the loss was minimal, however, the knowledge gained in risk/money management was invaluable. I have been tweaking my trading system for several months now and feel I am just about ready to try a live account again soon. I firmly believe that one must follow the current trend of the currency pair they are trading so for now I am concentrating on the four majors. The spread offered on the minor pairs such as the Philippine peso are so large it would take quite a move just to break even on a trade. If interested I would be happy to share my system with you just let me know. A site I have found very useful is forexpeacearmy.com, they have wonderful advice as well as reviews on different brokers and such.
Have a wonderful evening,
Craig from Michigan
Thanks, I’m findiing my budget maxed out most months so I don’t see me getting into it any time soon. I should do one of those practice accounts. The one I saw was for only a month and the month passed by before I ever logged in. LOL
I don’t have the time at the moment.
Hey Rusty,
It does take some time to follow the currency exchange. I am currently in nursing clinicals so I imagine my time is going to be mostly dedicated to that for the next several months. If you do decide to start a micro account maybe the way to go. Each pip (.0001) of a currency is on .10 u.s. cent. It allows you to learn without the risk of losing $10.00 per pip. Many brokers allow you to open a micro account for $25.00, some (FXCM) will even give you the $25.00 to start, I would recommend adding $75.00 to give a little buffer. I believe they also have accounts where a pip is only .01 u.s. cent, even better to learn trading with a live account.
Kind regards,
Craig from Michigan (fall is already in the air here, getting into the 50s at night).
I’ve started playing Second Life, a game where they have their own money system but you can cash out, trade game money for real money! You can even make a living doing it!
Learning the ropes in real life might be beneficial for the game. I started playing to help me keep my mind off the idea that I’m trying to quit smoking. My net went down last night and I went nuts trying to find some cigars. LO Closest ones, 80 miles away
You mentioned sharing your system with me? I’d like to hear about it. Send via email?
You can email by clicking on the Administrative link at the top.