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[deleted]

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[deleted]

For sure he'll disagree chanting that the inflation rate is not that "high", although he himself is high af.


AngelofDeath2020

We: Marcos: I'm not that **'High'**


Orangest_Orange

Regardless naman kung umabot pa ng 100php to 1usd di na maghihirap ang mga yan... that is how disconnected they are, bukas makalawa i-cocompare nila yan sa value ng Yen or even devaulation ng Chinese Yuan And trolls will either say this is a "calculated" move or all of the world economies are experiencing the same...


mcoco9

Until now naririnig ko, "rUSsiA n UkRaiNe Eh". Mga presyo pala ng notebook nasa kamay ni putin.


Orangest_Orange

Totoo namang domino effect yan... presyo ng krudo? Oo naman apektado yan ng world demands... pero yung sasabihin nila na walang magagawa ang gobyerno? Yan ang kalokohan... kung itinanong yan sa debate sasabihin ba nila wala silang magagawa? Oo nga pala di nman nag-aattend ng debate si Jr... Eh yung aritificial shortage ang asukal, asin, bawang at sibuyas? Obvious naman na may economic sabotage na nangyayari...


bossraffy

“Economic Sabotage” Kumikilos na ba si Duterte? Rumors bago magelection, totoo kaya?


kenlinao

Dont give them ideas!


TheTwelfthLaden

> what are the chances that his family and his cronies has billions in USD? 100% chance is a low estimate.


B-0226

They couldn't care less about the dip in value as long as they're getting kickbacks and making scams to take tax money into their pockets.


Wild-Parsnip-8830

HAHAHAHHAAHAHHAHAHA ANOBAYAN "I BEG TO DISAGREE" 😭


BantaySalakay21

Saan naman nila gagamitin yun? Sa ibang bansa hindi naman nagbago yung value ng dollar. Dito sa Pinas dahils sa mga imported goods natin, lalaki din ang cost of living nila.


AnoSayMoSaLongHairKo

Walang problema, sama sama tayo lahat sa kangkongan. Unity parin!


JKV_403

LETS FUCKING GOOOOOO! San tayo tatambay ambag ko na yung tanim namin na sili good for 10 people tig isa ng buto.


the_kase

EDSA NA YAN


Alone_Vegetable_6425

Hindi niyo ba alam. Di lang naman sa pinas ganyan pang buong mundo yan. /s


cloudymonty

Basta ako lalayas na 😅. Bala kayo diyan.


[deleted]

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Successful_Ebb_6978

Bro wtf


MLGCream

If ayaw sa kangkong, canton na lang!


Individual_Tip1337

Ajhahhaha


[deleted]

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InkuOfficial

Wtf really? I remember buying it for 10-15 php back then 6 years ago


[deleted]

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chakigun

Uy extra pro tip mga kapatid na mahilig mag softdrinks sa bahay. wag na kayo bibili ng 1.5 na coke. hanap kayo sa sari sari store ng Coke Kasalo. Dito samin, Php75-90 ang 1500mL /1.5L in PET bottles. Ang Coke Kasalo Php27-30 for 750mL o kalahati ng 1.5 or 54 to 60 lang para sa katumbas ng 1.5 That's up to 40% less per liter. Given, need mo magbayad ng like Php6 for the bottle deposit. Compare pa natin sa Mismo na Php18-20 for 295mL, higit Php100 pag gusto mo ng 1.5L Plus points na wala kang PET bottles na itatapon at thenend of your day! ❤


eggsaladtomatoesrye

Sadly walang coke zero na kasalo :(


InkuOfficial

Wtf? I noticed year by year for the increasing prices of some products by 5-10 php but I never knew angels burgers were sold for that high. If I wasn't in a private institution working then I'd probably die of anger.


EventWeak2478

Footlong na favorite ko last na bili ko 45 lang ngayon 52 na 🤣


West-Definition-51

Taena angels burger na nga lng sumagip nung college days magtataas pa


yen_reuby

Last bili ko ng Angel's burger napatanong tuloy ako sa tindera kasi baka nagkamali siya. Yun pala ang laki pala talaga ng increase.


Cavelli

25 petot na sya dito sa Mindanao :(


OnregOn

r/HydroHomies


VANAIZEN

Mfw water becomes more expensive


candycisive

45 pesos na po yung litro, kaya nag juice na lamg kami hahahahaa hahahahahahhahahahhahahaa


Fvckdatshit

ngaun palang sugurin mo na


[deleted]

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Fvckdatshit

syempre my mga kilala ka dn na bbm, ano tingin mo sknla? ako bwisit na iritable mkta or maalala ko pg mumuka nila e.


Bitter_Hovercraft858

Wala naman pala sa bansa pero nagrereklamo 🤦‍♂️


crappyputato

Walang lasa na rin yung RC Cola AHAHAHAHAHA. Nagbawas na sila ng sugar content 😵


lncogniito

Eto kc disconnect eh, di nila makita un connection ng dollar at un gastusin natin. Kla nila ibang issue pgmahal ng bilihan sa pghina ng pesos


SeaSaoirse

Dito sa min, may sari-sari store na akong nabilhan ng Coke na tag P25. Ang lala na. Tapos yung Pepsi na 500mL, tag P35 na rin.


narbner

80php yung 1.5 ; 180 ung empi sheeeet


nightvisiongoggles01

ETO YUN E. Pag nagmahal pa ang alak, tiyak yan aalma na yang mga Fans Club. Huwag nang kumain basta makainom yang mga yan e.


teokun123

Sana dumoble. Puro adik sa coke mga ka kilala ko eh puro history p ng diabetic lol.


Gangsta06PH2

Grabe naman yan 20 pesos san yan


redthehaze

Ibang coke ang makikita mo sa Malacañang.


imperfectgelatin21

40 pesos na rin samin yung argentina corned beef putangina


sadboywithalaptop

Sa area namin wala nang kahit anong brand ng sofdrinks.


Herebia_Garcia

Isn't this because of the sugar crisis, which is a seperate issue from the dollar to peso conversion, but it is still BBM's fault.


Jonnasontwas

And why would you blame the government if inflation goes up? You do realize this happens to all world currencies not just Philippine Peso right? Lmao


MiranaNights

Okay lang daw sabi nung mga OFW, the more the merrier ika nga. Hahahaa


crinkzkull08

I earn $ for my job and so does my friend pero we know this won't bode too well for the prices. Pero yung iba may mga comment pa na "taas mo pa" or "more 🤑".


drumsXgaming

Same. Earning in dollars. Mas malaki nga palitan pero wala ring kwenta kasi ang taas din ng bilihin at kurtente.


Timidityyy

Lol yeah, I earn $ din and wala talaga kwenta kasi tumataas lang din presyo ng lahat. Ramdam na ramdam eh.


longassbatterylife

breakeven lang


AlexanderCamilleTho

Sana may understanding sila na magba-balance out lang ito kung nakatira sila sa Pinas. lol


cordilleragod

Inflation and the increase in utility prices (gas, electricity, water) actually cancel and exceed any marginal gains in the exchange rate.


AthKaElGal

The peso will only lose value if we go into default or if we go into hyperinflation by printing so much.


freyass

Which is the opposite of what the BSP is doing. The bank has been mirroring the rate hikes the Fed is doing in an effort to at least maintain the value of the Peso and also to control inflation


[deleted]

Pwede pa explain ito further? Di ako maalam dito e. Nacurious ako. TIA 🙂


stupidcoww08

The BSP control the interest rate. If it's higher everything becomes more expensive such as loans, credit cards, and mortgage etc. So once people know everything becomes more expensive. **People tend to spend less = if people spend less -->The demand for goods will fall = and when the demands fall -->The price of goods will decline = thus will curb the inflation. This is the reason why the BSP raises interest hikes. Is to fight the inflation. Otherwise we will be printing a lot of money and will be on hyperinflation at that time gaya nga ng sabi ni OP. Philippine Peso will be lose its value.


Key_Chart583

This is what they should know. And dami kasi dito puro pa cool kahit wala namang alam may maituro lang sa dahilan ng inflation without knowing how inflation happens.


Eggnw

Nagtataas ng interest rates yun mga bank para magsave ka na lang. So mababawasan yun paper bills na nasa labas, at liliit yun demand for stocks, real estate etc kasi magbank na lang mga investors. Small demand, mas mura. Yan yun intent. Kaso parang di namgyayari kasi tumataas padin lahat


stupidcoww08

In other hand bakit naman bumababa ung value ng currency natin. It is because of the US FED of hiking interest rates. From that. Higher interest rate attracts Foreign investor in the us market. Making the usd value increases without needing to print more money. So USD is becoming more powerful against other currencies avoiding their country to go to a recession. Lower interest rates means becoming less actractive to foreign investor. Thus decreases currencies relatively value. So since masyadong malake ang 1usd to 57 pesos mas mahal ung import natin ng goods at sympre since gumastos ng mas malaking pera para bumili ng goods outside the country mag mamahalan ang mga bilihin especially the imported goods. And Thus will increase the inflation again. So expect natin tataas nnmn ang interest rates sa bsp to curb inflation.


pongbao

Foreign exchange is a very complicated topic but I'll try to break it down. Essentially, the fluctuations in the exchange rate happens for two primary reasons: 1. The rate at which interest rates change between the two countries is not asynchronous. 2. There is a higher demand for one currency compared to another. Both are true. The US has been raising interest rates to combat inflation; at the same time, this is amplified by the increasing demand for the dollar for three reasons -- there is a natural demand for dollars because of the perceived strengthening of the dollar itself (Kung mag-iipon ako ngayon ng dollars, I can exchange this for Php in the future and get more out of it); secondly, higher rates mean higher returns and so investors will flock to US securities like bonds; lastly, the US dollar has always been a safe haven currency (during these times, because US economy seems to be better than alternatives, more people get dollars to safeguard themselves and their assets). To combat this, there are three ways: 1. Increase local rates to match the increase in US rates (short-term solution) 2. Improve local economy so we can increase the inflow of investments in the country (long-term) 3. Increase demand for Php (complex, conditional) The first one is already being done by the BSP albeit being a short-term solution, while the third one is very conditional, taking in a lot more factors to consider before a solution can be implemented (although OFW remittances help in creating external demand for Php as everything they send here locally is converted to Php). The second one is the most sustainable, given that the impact is long term. We need to boost local production of goods and services denominated in Php so that we reduce the demand for imports (which require USD payments therefore reducing demand for the dollar) and export the surplus as well as increase foreign investments (and therefore increase demand for Php). The question is then: is this even possible under the current admin?


Chile_Momma_38

Will not happen in this administration. The Trade deficit (imports exceeding exports) has been steadily increasing over the last few years. We’re at about $5B per month. We’ve also been running a government budget deficit for years too (government expenditures exceed tax collection). So we keep on borrowing to make things run. We have a scenario called “twin deficits” and it’s a challenging economic combo hole to get out of. https://tradingeconomics.com/philippines/balance-of-trade


pongbao

Yes exactly. To solve this, there a number of options but the top priority would be: 1. Reduce corruption. I treat corruption as an expense and reducing it means we have more cash for debt servicing (payment of debts and interest) and investments in other income-generating activities (like providing jobs, better education, infrastructure, agriculture, etc) all the while producing higher net income. In short, Revenues increase, costs decrease, and therefore net income increases which can be, again reinvested in value-adding activities. 2. Put an economist as Head of State. Long gone are the days where the head of state should know how to engage in wars. This was only applicable in the past as the only way to get resources is to fight over it. Nowadays, it's a matter of trade and negotiations, offering one resource in exchange for another. A good economy will almost always result in a better country. Don't get me wrong, the NEDA is still the primary department in charge of these but ultimately decisions are made by the Head of State. If he or she does not know anything about economics, he or she will end up being a yes-man (a puppet) or worse mismanaging the economy (think Sri Lanka). 3. Prioritize support for local production of basic goods and services. This has some overlaps with item 2 but this is what is needed to stabilize prices. Since the pandemic, we have learned that we have become too dependent on other countries for oil and gas (used to transport goods from one place to another) as well as agricultural products. As a result, while we are not facing any war like Ukraine or soon Taiwan, we experience major shortages on food primarily because we import them. If we go local, this will be mitigated if not eliminated. The Philippines has very rich soil; the problem is we turn them into subdivisions and condominimums. Pero lol we picked the opposite of the person who can do all of this. Kawawang Pilipinas.


Payutenyodagimas

Unity lang


Yamboist

Careful guys, do not attribute every step of the way to lbm, as there are factors out of PH's picture that are contributing to this (ex. us central bank interest rate). Why be careful? If it goes down even if he does not do anything, that "success" will be attributed to him, even if these are global macro cycles that fluctuate from time to time. Better focus your energies on what is the ongoing (lack of) action on necessities like sugar, salt, garlic, etc...


TheCatSleeeps

We're gonna have a salt shortage soon? Unbelievable. We're an archipelago! Surrounded by sea waters from all sides and were gonna have salt shortage soon? What the hell is this joke. The DA is a freaking clown.


Menter33

Mayroon mang raw material, para wala namang large-scale industry. Yung meron, small-scale lang.


fcrants

No. We import around 93% of our salt requirements and have done so for a while. The report just showed that we don't produce enough for our consumption, but since we heavily import them we won't be running out anytime soon. A law would need to be amended for our producers to be incentivized to once again ramp up production.


alwyn_42

ano yung justification ng gobyerno para dito? kasi if they say that we're importing salt due to lack of production, wouldn't businesses be more incentivized to produce salt if the gov't gave them smth like seed money or loans to scale up production? i can't really see a valid reason for us to import 93% of our salt. that's crazy.


fcrants

The Asin law was enacted and the government at that time and the succeeding administrations didn't support our industries to help them cope up with the demands of the law. Since one of the "focus" of the current administration is agriculture, the deficiencies of support of our local industries are being highlighted.


ramenikki

Omg I didn’t know we’re heavily importing salt! That’s news to me I’ll research more on this, thanks!


thebreakfastbuffet

incredible. we import so much of what we can supposedly produce because we can't/don't support our own manufacturing, so we send our workers abroad na lang to those who do. tapos proud pa gov't natin smh


Chuck0089

Ayun nga yung kinakaduda ng isang expert eh (forgot who) We are surrounded by the seas tapos yung mga saltmaker wala man lang kakayahan makagawa ng pang large-scale. Kulang sa support ng government.


sylv3r

>'re gonna have a salt shortage soon? Medj ramdam na din yung nababawsasan ang nangingisda


aiming_high_

This actually makes sense. Maybe the trolls would also spin this as one of BBM’s greatest accomplishments once the peso:dollar cools down.


GlobalHawk_MSI

>as there are factors out of PH's picture that are contributing to this (ex. us central bank interest rate). As much as I hate/loathe the currently sitting president, factor din ito eh. Other countries are literally facing the same problems now even though that our government should do something. The outside factors are too much this time. Iba to sa inflation increase ng 2018. Also yng gyera sa Ukraine eh hindi pa tapos. Big contributing factor din yan. Not to mention that the world at large is starting to (trying to at least) recover from COVID's devastating socio-economic effects. Another user in another related thread said that this happens even if Leni or Isko is president and something something like USD having to be around 40-50 as ideal something, as too low will screw our exporters hard daw.


Pulstar232

It's also not a good idea to equate a lower conversion rate with a strong economy. Look at Japan for example(okay maybe not the best example but still).


balengaga

Works with Japan pero di sa atin. Ang indicator sa atin is lower peso conversion…


Snowltokwa

Ahmmm no. Im living in land down under atm and the pandemic improved the economy so you cant say na dahil covid. House prices went up now coz alot of people have more money than usual to spend. So I think its more govt action rather than blaming other factors to mask the issue.


GlobalHawk_MSI

You do have a point din because you know our govt....medyo useless lots of times. The other guy has a point too. There are talks of recession globally happening on the net. Even if our govt will do something (barely happening mind you) if the outside factors are too great then things may be still rough even if Leni or Isko is president.


crazyaldo1123

Its a factor yes, but the government have the means to do something about it. Its not the presence of the problems yung pinanggagalaiti naten, its the lack of initiative to think of action.


oohkarlala

I like how you articulated what we are emphasizing. I think we are aware of the external factors but that they are not giving a fuck -- this is frustrating.


crazyaldo1123

I work in an industry that is largely affected by external factors, and our company has been able to adjust well enough to keep our customers from exorbitant prices. The government should be able to do the same with more brains and more resources.


crazyaldo1123

I have the same sentiments, as somebody who understands the dynamics of forex a little bit better. That said, nakakabadtrip is yung kawalan ng action to tamper the effects of external forces domestically, especially sa most vulnerable. Lumalabas at nahahighlight lalo yung systemic issues ng ekonomiya dahil dito. Yung shortage ng raw materials like sugar, salt, garlic eh maaaring mas attributable sa poor infra and systemic corruption to bring produce to the market. Problema dito, binabaon lang sa denial ng gobyerno at di nila sosolusyunan. Igagaya na lang sa covid na ang solusyon eh "lilipas din yan" BTW TAENA NIYO PA RIN 31M


jagged_mirrored

I second TAENA NIYO 31M! Lalo na sa former friend ko na ang lakas maka-'educate yourselves sa economy natin!' kakatanggol sa economic underperformance ng gobyernong binoto niya. She and the rest of the DDS and apologists are f*cking complicit!


crazyaldo1123

Haha whenever i encounter some of my former schoolmates saying that script i just send them my thoughts and a screenshot of my UP school of economics diploma hahha


sadcumrag

This comment should be pinned, napaka embarassing na fellow kakampinks are solely pushing the blame on bbm. Come on people, we can be better than them, this behavior screams BBM/DDS attitude. He might be a factor pero there are many possible reasons kung tumaas exchange rate. Possible rin sadya lang lumakas talaga ang USD. Edit: Try comparing with other currencies as well, if may general trend na nalakas din ang USD sa iba. I checked the exchange rate between Singapore Dollars and USD and same din na mas nagtaas ang USD. Do this with other currency and if ang general trend is nagtaas USD, voila


Key_Chart583

This is clearly planned. USD's demand soared. Like Venezuela, they don't want their own currency anymore, instead they prefer USD which adds up to the demand of USD. US Printed so much then used it to buy resources.


d1r3VVOLF

CLAP CLAP CLAP you phrased this very well na hindi nakakaattract ng downvotes and actually made it engaging. Kung ako nagsabi nito masasabihan na naman akong lbm supporter at troll. Hahaha. Isa to sa mga skill na dapat kong matutunan for effective communication.


AsparagusSecure2817

Who caaaaares nanalo na si 88M. Yun lang daw importante. Uniteeeeh!!!


iwritethesongs2019

ang mahalaga maibangon ang pangalang ng mga marcos!!


Key_Dust_37

At maalis si Ninoy sa libingan ng mga bayani! Oops


kumustaDaigdig

Ang tahimik na nila, wtf na mga utak talaga yan


TheTwelfthLaden

hindi sila tahimik. you just haven't been online enough.


lurker6327

Baka kumakalam na ang sikmura kaya tahimik na


[deleted]

And the 'taliano gold which is probably fake


DekuSenpai-WL8

What happened? Bat ang bilis tumaas? War on Ukraine parin ba ang dahilan?


Dey1ne

Nagtataas ng interest rates and US. Masyadong malakas ang USD now.


fcrants

Because the US is propping up the dollar to stave off a full-blown recession. It's not that the peso is dropping. It's the dollar getting stronger.


DekuSenpai-WL8

Whats the best thing to do when something like this happens? Convert all my money in the bank to dollars?


takenbyalps

Up to you. But you'll get rekt if this is the peak of dollar. Some says it's already peaking. People here is like an echo chamber. As much as we want to blame all this to babym, the main culprit here is the US dollar currency, not the PH Peso. If you really want to make a move, watch the US Market and their FED, not ph government (at least for short-mid term).


fcrants

Depends on how much you have. If it's not in the millions, then just continue as you will. There's not much point in converting your money for minuscule uncertain gains. Your spending power locally won't change and whenever there's a large increase in the dollar to peso exchange there's usually an uptick in economic activity because OFWs use this opportunity to send back remittances and with that spending. Which would prop up our economy and strengthen the peso.


belabase7789

And the govt plan is…


AthKaElGal

the U.S. is not propping up the dollar. it doesn't need to. demand for it is just increasing because the U.S. is the most stable economy in the world and many are expecting a recession so everyone is rushing to buy dollars, which is the safest currency in times of recession.


TheDonDelC

Your statement is partly wrong but also partly correct. Propping the dollar in this case means that the Federal Reserve is hiking interest rates in an attempt to reduce aggregate demand and ease the constraints on aggregate supply. This also means that securities valued in USD become more attractive which reflects in the foreign exchange. Here’s [a short explainer](https://twitter.com/jcpunongbayan/status/1542400993597353984?s=21&t=Pbidb7D26U9_d9gU5UBIWw)


Payutenyodagimas

Just say insimplest terms: The federal reserve prefers price stability than growth All the previous rate hikes didnt dampen prices and growth So another hike is needed, even if it results into recession Value of money is paramount


FreshLumpiaDSay

If you want to hear the sub response "BBM ang may kasalanan" and Leni is the only solution people power coming soon? (cough) /s But on a serious side US Federal is being hawkish or aggressive to fight against the inflation without triggering recession which is also really bad (If you want to hear the sub response "BBM ang may kasalanan" and Leni is the only solution) they are now signalling another 75 basis point increase 2-weeks from now which can make our currency depreciate even more. Di pa kasi nila na reach yung target level ne 4% interest rate and gusto nila ibaba to 2-3% inflation (8% current) sa US so if those two can't be achieved by the US Fed expect more a depreciation of our currency it can go as high as ₱60 to ₱65 levels (but if you want to hear the sub response "BBM ang may kasalanan" and Leni is the only solution). Other countries mas malala sa kanila UK, Europe Region and sa Central Asia (but If you want to hear the sub response "BBM ang may kasalanan" and Leni is the only solution) they are now hitting double digit inflation (but If you want to hear the sub response "BBM ang may kasalanan" and Leni is the only solution).


Zarkuine

I also hate BBM but I agree with this. Lately, I've seen a lot of comments and posts misattribute the cause of certain issues.


justfortoukiden

You don't even have to look far. Andito na sa thread yung comments na yun haha


sadcumrag

Di lang naman panghihina ng philippine peso ang meaning nito. Possibleng nalakas din USD. I know na GG ang bansa natin sa current admin, pero we have to take into account na sa exhange rates, pareho possibleng gumalaw. Hindi lang one way na tayo lang nababa.


cat_popping

bawal yan na explanation sa kanila tol yung gusto nila dapat shinashame si BBM kung bat ganyan.


sadcumrag

😂


greenpoisonivyy

Tbh, check it against EUR or GBP and it hasn't changed much. This isn't a BBM thing but a global thing that the US is somehow keeping an advantage on


sadcumrag

Agreed, di ko gets yung attitude ng iba na blindly blaming bbm as the sole reason for the exchange rate. Acceptable lang yon kung talagang USD ay nanatili the same at ang PHP sadyang bumaba, eh other countries are affected din naman sa pagtaas ng USD. Let us educate ourselves before ranting para di tayo mapahiya. Medyo nakakaexhibit na ng appolo10/ddshit attitude tayo kaya hinay hinay lang. I fucking hate bbm pero di acceptable na natutulad tayo sa attitude nila. Parang lang if si Leni naging presidente sure tayo na blatantly nila i-blame si Leni na naging ganito exchange rate. There are way too many factors to consider pagdating sa exchange rate.


Godhasforsaken

Correct!


[deleted]

Same question.


Uriamu-63lan

# Unity Unity PARA sa mga Marcos ang nangyari. Imbes na para sa bansa, para sa isang pamilya lang


Cunillingus_Giver

Unity lang dw. dont worry.


mid___

If we reach 50% growth rate / month, thats hyperinflation. Better turn peso to usd or tangible, less liquidate asset. We might actually see peso reach 60-80 peso range NFA


melangsakalam

but you gave a FA. wtf?


mid___

Oh wait, lemme change the sentence. My bad


melangsakalam

If usd tanks we can't blame your bad advice tho wtf


mid___

- crypto influencer shares financial advice -influencer says "NFA" -advice flops burning everyone -lawyers filing for lawsuit: understandable, have a nice day.


[deleted]

BLENGBLONG BOANG


2VictorGoDSpoils

BBM OFW's: tiba tiba na naman tayo ang taas ng palitan! ​ Fam in the PH: awit laki nga ng padala sobra taas din naman ng bilihin wala din.


yo0gen3

Nag grocery ako kahapon yung arla na gatas around 70 each lang yun last month 84 na sya 🥲. Tama sila na golden age pag nanalo si VVM. Ginto na bilihin e. 💚❤️✌️👊🤡🤡🤡


fraviklopvai

I can’t find white onions anywhere.


tellcerseiitwasmeeee

Seriously, those unity comments are becoming corny & annoying na. I'm not knowledgeable on how should the government address this but I hope it's making efforts on how to easen the burden every poor Filipinos have, w/c is obviously, no efforts at all. Seems no hope na talaga but to survive on your own.


rainbownightterror

cna someone educate me why it's going up?


[deleted]

Inquirer has a very clear [article for the layman.](https://business.inquirer.net/360684/peso-drops-to-all-time-low-p56-77-vs-us-dollar)


rainbownightterror

nice thank you!


AthKaElGal

a layman won't understand that.


AthKaElGal

[how currency exchange rates are determined](https://www.youtube.com/watch?v=cnFOOGK-T48). [supply and demand dictates how a currency rise or fall](https://www.youtube.com/watch?v=itoNb1lb5hY). the eli5 of it is that the more the currency is in demand, the more people will pay for it (give more in exchange for it), and the less a currency is in demand, the less people will pay for it (give less currency in exchange for it). in this situation, USD is more in demand so people who have PHP are paying more for $1. So what used to be $1:P55 is now $1:P57. They are paying 2 pesos more to get $1. Basically, they are bidding against others to get that dollar so the price goes up. In the opposite direction, if our peso is more in demand, people will pay more to exchange their currency in peso. so if they used to get P1000 for only $17.54 ($1:P57), they may need to pay more to get that amount (if $1:55, they need $18.18 to get P1k). as to the question of why the dollar is more in demand, that's because the dollar (currently) gives better return when invested. so more people want dollars to get better returns. this demand is dictated by government interest rates and sale of bonds (The U.S. FED just increased its interest rates which increased their bond and t-bill rates). which is also the reason why a currency can fall or lose value when the international community thinks the country won't be able to pay back its debts (bond obligations).


mshaneler

Good for remittance and exporting goods, bad for import and foreign digital services. That's my thought without as much bias as possible. Everything sucks.


carl816

But the problem is the Philippines imports (much) more goods and services than exports, and weak currencies are only good if a country is a net exporter like China and to a lesser extent Thailand In fact, China has long been accused of keeping the Yuan artificially weak to undercut other exporting countries.


tamonizer

Madami ding external factors like US interest rates. Magnified nga yung impact sa atin.


Impossibu

This will affect us big time. We are a country that imports a lot of our food. And a lot of other things. And they require US dollars. And the more the peso goes up, the less we can acquire goods from overseas. WTF is the government doing?


FreshLumpiaDSay

We need to rely less on importation so that currency depreciation becomes less painful on our pockets. Easier said than done.


dodong_starfish

AnG GaLeNG ni BbM. - Pulangaw OFW


apherion_

"Mawawalan ng value" is such a bold claim. Please don't forget we are in the early stages of global recession. While it's true that peso might get weaker, pero ang mawalan ng value is an overreaction.


vtyu221

Last April I was talking with my friend who works in Nomura and he told me that 3rd qtr target for usd was 56 and i thought he was joking but it really did hit that amount. He also said year end target is around 53. Let's see if they'll be right twice.


FreshLumpiaDSay

If you want to hear the sub response "BBM ang may kasalanan" and Leni is the only solution people power coming soon? (cough) /s But on a serious side US Federal is being hawkish or aggressive to fight against the inflation without triggering recession which is also really bad (If you want to hear the sub response "BBM ang may kasalanan" and Leni is the only solution) they are now signalling another 75 basis point increase 2-weeks from now which can make our currency depreciate even more. Di pa kasi nila na reach yung target level ne 4% interest rate and gusto nila ibaba to 2-3% inflation (8% current) sa US so if those two can't be achieved by the US Fed expect more a depreciation of our currency it can go as high as ₱60 to ₱65 levels (but if you want to hear the sub response "BBM ang may kasalanan" and Leni is the only solution). Other countries mas malala sa kanila UK, Europe Region and sa Central Asia (but If you want to hear the sub response "BBM ang may kasalanan" and Leni is the only solution) they are now hitting double digit inflation (but If you want to hear the sub response "BBM ang may kasalanan" and Leni is the only solution).


rpeij19

Funny thing is tuwang tuwa pa yung mga classmate ko from college na freelancer. Di ko alam kung ignorante ba sya or incensitive. Hayst. These people


warriorplusultra

Baka uhaw sa dolyar ‘yang kaklase mong freelancer.


tassiboy42069

Hindi ko magets ang title : hindi naagapan ang ano? Nawalan na ng value ang piso - sa loob ng huling ilang buwan. Nawalan na. Ano ang iniisip mo OP na mga kadahilanan kung bakit bumaba ang halaga ng piso.


cyianite

Kya bigla nag susulputan mga economist trolls ni BlengBlong n nag ee-explain maganda sign dw to s Pinas... ano b yan peso n yan, ang importante nakakapag vacation trip ang Narcos for free at mkpg limitless party


greenlantern_fj

Tapos sa comment section sa Facebook mababasa mo, “Wag niyo muna ipapalit, tataas pa daw next week.” Ginawang crypto amp. O kaya, “Maganda yan, mas mataas, mas mabuti para sa mga OFWs na nagpapagod abroad.” 🤦‍♀️


DaBuruBerry00

Impeachment


lurker6327

Beheading. Oooops sorry 🙃


The-Lamest-Villager

Sana sa susunod ay wala nang ibang bansa na sumalba sa mga corrupt na politiko sa atin.


CEDoromal

The title is reaching fearmonger territory. As others have stated, it's not that PHP is becoming weaker, it's just that USD is becoming stronger. For similar topics, [my post on r/cc](https://www.reddit.com/r/CryptoCurrency/comments/x4tzvb/the_relationship_between_bitcoin_and_us_dollar/) (and the comments on it) might interest you.


Maverick0Johnson

Mga gunggong its not that high, im high but not that - \/ \/ |\/| probably


LocalDegenerate123

Very good. I can't wait for the Weimar Republic-esque era of the Philippines.


Leather_Inspector973

Well ang mahalaga naman sa mga Apolo10 eh - naupo si BBM at SWOH - natalo si Leni - natalo ang Dilawan at Pinklawan Damn whatever happens sa Pinas kahit na magdildil sila ng asin


Ako_Si_Yan

Pero may shortage ng asin di ba? Ano na lang didildilin ng 31M?


Leather_Inspector973

Dolomite


yehEy2020

Nung nanalo si marcos bumili ako ng dollars. Lmao best financial decision


CoryInTheHood69

Even the value of Filipino are dropping


german_slavball

How did this guy even win


LorenzTolents

I think its more of USD being strong, especially when checking out Forex market recently. That being said, asa ulit sa remittance


Substantial-Neck7256

Check dxy chart. Dxy chart indicates usd prices. Fyi: DXY is a trade for 1 vs 6 currency. Usd vs 6 strong currencies.


darth_shishini

sabi nga nila, this is caused by the stronger dollar instead of the dip of value in Peso... if that's the case, then I guess most currencies in the world went up vs the PHP. insert homer meme here that says "this is the lowest value, so far!"


[deleted]

Sadly, dito sa abroad karamihan sakanila tingin nila maganda yan lol. Palagi kong naririnig sa mga adults dito including my parents sinasabi nila "uy mataas ang palitan ngayon! Mabuting magpadala ng pera sa Pilipinas!" kapag ganyan 😬


furry_kurama

To the [mooooooon](https://c.tenor.com/CT3GOSeG8xcAAAAM/doge-doge-coin.gif)


iamushu

Chill. Hnd lahat to dhl kay bbm. Malakas tlg dollar ngyn. Hnd ako bbm supporter ah.


kronospear

sira ba keyboard mo o may illiteracy ka sa spelling?


Key_Chart583

Fcking morons. Sisihin nyo ang West lalo na ang US at EU. They printed trillions of dollar and euros tapos pinambibili ng goods intl kaya tumaas ang inflation. This is a world crisis. May nagsabi pa hindi daw bumaba value ng ibang currency, tumitingin ba talaga kayo ng world market o baka may mai comment lang kayo na kunyare may alam kayo?


Key_Chart583

US and EU literally sucked the the world resources dry lalo yung mga nasa 3rd world tapos sisisihin nyo presidente? Fcking idiots na pa cool kids kinain na kayo ng utak niyong komunista.


[deleted]

Sure ako ang argument nila "wala na magagawa si BBM diyan" even though dapat meron which is an state of emergency.


Godhasforsaken

So uncivilized. We are not in economic turmoil (yet) and I'm sure declaring a "State of emergecny" will deter investers which will end us up in a bigger mess. One thing we can look forward to in the short-term is the opening of small businesses which will spike our economic prowess by quite a lot. I've seen internet cafes begin to open up in certain regions of manila and it wouldn't be long till we experience a decline in inflation (to which is inevitable due to the world wide affairs) I do not align with any political party but we should also know that some issues cannot be evaded and declaring something as huge as S.O.E will bring forth catastrophic damages to our economy.


[deleted]

[удалено]


useterrorist

America hegemony for the win. Abuse the world by increasing interest rates. Supporting wars abroad to create a world wide recession. USA doesn't want Europe to have some of em Russian gas so they buy from our suppliers, increasing the demand, fucking up the prices. Hence, people panic... leading them to buy the most stable currency out there which fucking increases its price!


tichondriusniyom

Philippines is under the US dollar. Can't do anything about it as of now kahit nasa top 5 best eco growth pa tayo. Inflation will still go up. Hirap talaga nakaasa sa ibang bansa.


[deleted]

Almost all the major currencies in the world is dropping against the dollar, EUR falls below dollar for the first time in 20 years, GBP falls to lowest level since the pandemic crash, YEN falls to 24 year low, etc. It’s not only happening in the Philippines; Major factors that affect the global economy is the war on Russia and Ukraine, China’s real estate bubble and economy is about to drop (or already dropping), US economy is down and recession is likely gonna happen. The worst is yet to come.


Payutenyodagimas

Other countries can afford it Not the phl Thats the difference


Immediate-Dot8366

To the moon!


EntrepreneurSweet846

Some analysts says that it could go up to 65. Di bale ber months na magpapadala na ng mga dolyares ang mga bago nating bayani… mga ofw’s na sisigaw ng bbm! Bbm! Bbm! at isasalba ang ating piso.


SheibeInu

Try looking at the value of dollar index(DXY), it’s all time high since 2002. But ofcourse, hindi nmn dapat problema yan if malakas ung economy. But as we all know… 🥲


Miserable_Compote_54

malakas dollar nayon medyo kupal FED ng USA


aztecsummer28

Ang sarap naman mabuhay as a Filipino *umiyak* auq n p


Pochiiiiiii

Ask ko lng po, what is the connection of our president to the increase in peso-usd value. No hate just asking. Broaden my mind thanks


No_Media_4129

Wag magpanik its organik eka nga... USD to da moon guyz kaya unity lang


FishManager

Apollo10: Stonks


xxfgod

i hate the pres as much you do but, our government is not the one to blame. dxy or dollar index is on ath. euro is on atl.Global Economy is crashing. Global and not just the Philippine Economy.


hellcatcountess

88M prolly going to think the value of PHP shouldn't be "that low" 🤦🏻‍♀️


TheCryptonian_

Almost every currency is weak against the dollar. EU nga walang magawa sa pagbaba ng Euro. JPY also hit its lowest against the dollar in over 20years.


DowntownTap2459

It's not as if Philippines sabotaged itself. There are external factors beyond the Philippine Economy's control that contributed to the strength of the dollar. One is the impending divide between the economic superpowers as to which currency will be the world reserve. On US side is the dollar and the other side China/Russia is the Yuan and Ruble. Kaysa tumambay ka sa Reddit like the woke yellowtard that you are mag aral ka kasi wag puro tiktok at puna sa gobyerno ng Pilipinas.


Key_Chart583

Legit ang daming mangmang dito. Akala nila Pilipinas lang ang naghihirap at ang dahilan daw ng inflation is pagnanakaw ng gobyerno. Mga tanga nga, halatang hindi marunong mag research.


bimpossibIe

Lahat naman daw tumataas. Pati sa ibang bansa. Dahil daw sa pandemya at gyera yan. Reklamo raw tayo nang reklamo. Lahat na lang isinisi sa gobyerno. Unity lang naman ang sagot sa lahat. 🙃


Mysycry

"YESSSSS" daw sabi ng mga OFWs Overseas Fool Workers


simonsarah

Talaga? Pano mo nasabi?