Author Topic: DOLLAR-PESO EXCHANGE RATE FORECAST  (Read 1699 times)

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RichPoorDad

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DOLLAR-PESO EXCHANGE RATE FORECAST
« on: June 19, 2012, 10:21:37 AM »
Ano tingin nyo sa exchange rate ng Dollar to Peso? As of the moment nasa P42.6 6/19/2012 ang palitan ngayon sa Market... Tingin nyo ba baba pa eto or tataas pa?
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DOLLAR-PESO EXCHANGE RATE FORECAST
« on: June 19, 2012, 10:21:37 AM »

Mountain View

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Re: DOLLAR-PESO EXCHANGE RATE FORECAST
« Reply #1 on: January 31, 2013, 10:57:18 AM »
Tataas pa ang peso... sabi sa forecast..

TULOY TULOY NA TALAGA PAGTAAS NG PESO..LAGING HINAHATAK EH,..

Peso surges to P40.60:$1 at trading open

The local unit gained 10 centavos to open at P40.60 to the dollar against its P40.70-per-dollar close yesterday.
Other Asian markets also rallied when trading began today.
Yesterday, the peso surged to its strongest in nearly five years as China reported strong trade data for December, raising hopes of a global economic recovery.

The European Central Bank (ECB) maintained its key rate at 0.75% after its policy meeting yesterday, with ECB President Mario Draghi saying bank has projected a recovery in the euro area by late 2013. -- A. R. R. Gregorio

AdGeek

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Re: DOLLAR-PESO EXCHANGE RATE FORECAST
« Reply #2 on: January 31, 2013, 10:57:45 AM »
Quote
PESO HITS NEW 5-YR HIGH
By Prinz P. Magtulis (The Philippine Star) | Updated January 16, 2013 - 12:00am

MANILA, Philippines - The peso surged to its fourth record performance this year, closing yesterday at its best in nearly five years on the back of strong positive sentiment to the local economy and as the central bank reiterated its exchange rate policy.

The local unit closed at 40.57 to a dollar, nine centavos stronger than its 40.66 close last Monday. During the trading, it nearly beat its benchmark performance of 40.56 hit last March 6, 2008.

Trading was contained between 40.55 and 40.61 to a dollar yesterday. Total transactions reached $1.051 billion, almost double the $554.6 million recorded a day before.

“The sentiment is for the peso to further appreciate. There is nothing new here. Basically, investors are still positive on the country on expectations of strong growth,” a local bank trader said in a phone interview.

The peso, Asia’s second best performing currency against the greenback last year, weakened last Monday as investors pocket in gains in the latter part of afternoon trading. However, the trader said foreign inflows remained high.

Demand for peso increases when foreign inflows swamp the economy through the local financial markets. When demand rises, the currency strengthens. A strong peso trims the value of dollar earnings and remittances.
Business ( Article MRec ), pagematch: 1, sectionmatch: 1

The Bangko Sentral ng Pilipinas (BSP), which were bombarded with calls to do more to temper peso’s strength, maintained yesterday its stance of merely seeing to it that sharp currency movements are avoided.

“We recognize that the recent appreciation of the peso can be attributed to both structural and speculative flows,” BSP Governor Amando Tetangco Jr. said in a statement.

“However, because going against fundamentally driven flows through restrictive policies would be imprudent, the BSP has focused on containing speculative flows,” he added.

Speculative flows are characterized by inflows in the financial markets which can enter and exit freely any time. Structural flows, on the other hand, are those in the form of export and other businesses’ earnings and remittances.

Tetangco said “market-based policies” were put in place last year to shun speculative flows, including a ban on foreign inflows on special deposit accounts and a cap on non-deliverable forwards banks may hold.

AdGeek

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Re: DOLLAR-PESO EXCHANGE RATE FORECAST
« Reply #3 on: January 31, 2013, 10:58:39 AM »
Quote
Peso to strengthen to P40.90 by 2013
By Cai U. Ordinario, BusinessMirror
Posted at 12/02/2011 7:39 AM | Updated as of 12/02/2011 7:39 AM

MANILA, Philippines - With the US dollar continuing to depreciate against Asian currencies, Paradigm Global Investment Management Inc. (PGIMI) expects the Philippine peso to continue appreciating to as high as P40.90 to the dollar by the end of 2013.
In its 2012 Global Economic Insight Conference in Makati City on Thursday, PGIMI Investment Analyst Andriy Yastreb said that Asian currencies, in the near-term, could appreciate against the US dollar by as much as 6 percent to 9 percent in the next two years.
Yastreb traced the appreciation of the peso against the dollar to around P43 by the end of 2011; P43, first quarter of 2012; P42.50 by the second quarter of 2012; P42 by the third quarter of 2012; and P41.85 by the fourth quarter of 2012. He expects the peso to appreciate until it reaches P40.90 to the greenback by the fourth quarter of 2013.
“Asian currencies are expected to appreciate by 6 percent to 9 percent. The Philippine peso is expected to reach 40.90 per US dollar by the end of 2013,” Yastreb said.
Even with a stronger peso, the PGIMI said the Philippines will continue to be shielded from the European debt crisis through a thick blanket of remittances and the strong growth of the business-process outsourcing sector in the country.
Yastreb said that even if Italy is home to many overseas Filipino workers (OFWs), the amount of remittance coming from them is not significant enough to affect the entire impact of remittances on the Philippine economy.
This gives PGIMI the confidence to say that they also subscribe to the International Monetary Fund (IMF) view that economic growth will be around 5 percent every year in the near and medium term.
“[A growth of] 5 percent is a more conservative estimate, given a projection for growth overall for Asian economies. I think it is possible for the Philippines to achieve higher growth by a more active role of government in attracting investments, attracting money from overseas workers to invest in the Philippines, [and] also by focusing on improving infrastructure like telecommunications, Internet, roads to make it easier for investors from foreign countries to do business,” Yastreb said.
As a result, PGIMI recommends that investors who are aggressive in their portfolios consider investing on Philippine sovereign bonds. In stocks, Filipino telecommunication giant PLDT Co. and banking leader Metrobank were included in PGIMI’s emerging stock picks.
Meanwhile, bonds from other countries in the Asian region, particularly Indonesia, Thailand, and Taiwan as well as those outside the Eurozone like those offered by Poland, Norway, and the Czech Republic are also excellent investment options.
In the short term or the 6 to 9-month period, sovereign bonds from Switzerland, the US Government, and Australia as well as corporate bonds from BHP Billiton Plc, Boeing, and Disney are advisable to invest in. For stocks, its Novartis, AstraZeneca, Intel, Samsung, and KT Corp., a Korean telecom firm, are good buys.
For long-term investments or more than a year, PGIMI said sovereign bonds from Poland, Russia, the Philippines, and Indonesia while corporate bonds from Eni SpA, Telefonica, and Bunge are good investments. In terms of stocks, good long term investments are UK-based oil and gas firm BP, AstraZeneca, Brasil Telecom, China Mobile, Motor Sich, and Ukraine-based food company MHP are good buys.
PGIMI, a wholly owned subsidiary of Paradigm Investment Management Ltd., provides asset management, investment advisory and wealth management services.

BusinessManPH

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Re: DOLLAR-PESO EXCHANGE RATE FORECAST
« Reply #4 on: September 19, 2013, 03:13:53 PM »
Mataas ang dollar ngayon ha compared from previous months.

nasa $1=43.99 at last week nasa $44 ang palitan

Pero tingin ko pababa na ang trend kasi Christmas season na..

PesoRepublic.com | Your smart guide to money matters and entrepreneurship.

Re: DOLLAR-PESO EXCHANGE RATE FORECAST
« Reply #4 on: September 19, 2013, 03:13:53 PM »

 

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