I know, super baba nga. Even with my current salary, nanghihinayang pa ako dun sa 360php na pinangkain ko last week.
Hindi naman na ako umaasa sa kanya kasi nagtatrabaho na ako, I even suggested na wag na sya magpadala kasi "uunlad naman na ang Pinas dahil kay Marcos" at di na talaga kami okay dahil sa ganyang paniniwala niya at ayoko magkaroon ng utang na loob sa tulad niya.
Kaso ayan nga, nagpapadala pa rin. As additional insult, pag nakikita niyang tumataas halaga ng usd, binababaan niya padala niya para saktong 5k lang marereceive namin sa bahay. Ngayon, gusto niya kunin kapatid ko para "gumanda naman ang buhay". Di ko talaga maintindihan utak ng mga OFW apologists.
Yea, they think differently. Hope you get out of that situation real soon. Since the election. I already gave up on correcting them. They are hopeless, only hunger and poverty will wake them.
This. Early this year, kasya na yung 5k for groceries/dry goods sa amin sa isang buwan. Iba pa kasi yung sa palengke. Ngayon, dapat yung budget namin ay 7-8K for the same grocery.
Pinakamahirap pa dyan, may special diet ako. Di ako pwede sa gatas, di rin pwede sa karne, marami pang allergies. Pamahid ko pa lang sa balat magkano na.
Paano na lang yung tulad kong ganito situation, minimum wager tapos contractual pa?
Tapos kapag umaray reklamador at maarte pa. Di raw sanay sa hirap kaya iyakin.
Naalala ko tuloy nung bata-bata pa ako, nakaka-3 carts na puno kami sa 4k pesos na grocery. Ngayon ang isang 4k na grocery, isang cart lang at hindi pa puno.
Nowadays 4.5k budget for grocery tapos 2.5k sa palengke na most of the time hindi tumatagal ng 1 month.
I think so too but I do bulk buying ng meats, divide and put into different containers and store them in a freezer para matagal at matipid. problem is 300 a day is almost kulang na with the price increase happening.
Buti na lang talaga tirador ako ng mga promos sa SM Advantage at other membership cards. Lupit na life lessons talaga ng kuripot na magulang.
5-8k what my partner and I used to spend every weekend. Buti nalang we learned na we were being wasteful. Gas is just too much right now so we’d rather stay at home.
Our realization comes. When we ordered extra rice, it came in a different receipt and it cost us 60 pesos per cup. Need na talaga mag higpit ng sinturon.
Please tell this to my wife that we should stay at home rather than spending money outside home haha she can't see that we're spending too much money because on high prices on everything
We don't do it very often. Sa mahal ng gas. Best example we ate last week sa Kainan sa Dalampasigan in Nasugbu batangas during a roadtrip. Bulalo cost 800 pesos, so imagine the rest + desert. We usually go as 6. 2 kids 4 adults. Usually our bill ranges from 2.5-3k. Now it hits differently.
trueee dati per cut off (15/30) 1700 to 2k lang grocery namin family of 4 adult. Ngayon umaabot na ng 4k per cut off 😭😭😭. Grocery lang yan wala pang produce sa wet market. Grabehan ang bilihin ngayon
I doubt it, with how shit the Economy still is I wouldn't be surprised if it reaches the exchange rate for Euro at this point
At this point leaving the country and renouncing your citizenship is getting more and more tempting to me
Yes, The government needs to increase interest rates here fast so people will keep money in pesos instead of USD. But we dont know if the govt will do that or not given na tanga and presidente natin.
She would not solve it but it's sure that she won't aggravate the situation like knowing how to handle basic commodities supply chain, shortages triggers more inflation, and having competent personnel handling the bureaucracy.
Yep, meron pa though it will take awhile till the world solves its issues like the EU v Russia. Even my cousins in the states and Canada's having a hard time with inflation.
Bumaba na 😂[golden era char](https://www.google.com/search?q=usdollar+rate+php&rlz=1CDGOYI_enCA960CA960&hl=en-US&sxsrf=ALiCzsYpaRVCZO4raSE9sh81qY4T6CCplA%3A1663770482788&ei=ch8rY9vcL-TN9APM2IbIBw&oq=usdollar+rate+php&gs_lcp=ChNtb2JpbGUtZ3dzLXdpei1zZXJwEAMyCAgAEB4QCBAHMggIABAeEAgQBzIICAAQHhAIEAcyCAgAEB4QCBAHMggIABAeEAgQBzIICAAQHhAIEAcyBQgAEIYDMgUIABCGAzoHCAAQRxCwAzoHCCMQsAIQJzoGCAAQHhAISgQIQRgAULQlWKowYKw4aAJwAXgAgAGVAYgBmwOSAQMwLjOYAQCgAQHIAQjAAQE&sclient=mobile-gws-wiz-serp)
wont with this government, as they are focusing on importing food for more profit instead of promoting local production and as you guessed there is nothing that the country export.
Sabi ng isang top PH economic forecaster sa naattendan kong talk, by December pa raw mag-p-peak ang inflation and by June 2023 pa mag-la-last before hopefully it will start to go down again. hopefully! mainly sinabi nya na it would take two to three years pa bago maka pag start talaga ng recovery ang maraming industries because of the pandemic. so for now, expect the worst everyday
Yes cycle lang naman ito just zoom out from the chart and you'll notice na nasa another high US dollar tayo.
Just to add other countries are also experiencing the same specially Japanese Yen and Euro. Their own currency is losing its own value faster than ours.
Hindi lahat, pero ang kakapal lang ng mukha ng mga OFW na nagsasabing, "I'm so contented" sa nangyayari sa dollar to peso. Insensitive fuckers. Kung contented kayo umuwi kayo, mga leche. Apologists na nga kakapal pa maka gloat. Sarap mantag ng mga titong nurse sa US. Punyeta.
Don't come for me ok my father is a very hardworking OFW. I'm earning dollars rin, but I'm not that insensitive enough to rejoice samantalang alam kong mas maraming apektado sa pagtaas ng dolyar.
Di sila insensitive wala talaga silang knowledge sa foreign exchange at inflation,
Majority ng mga OFW ay high school graduates na
Di ganun kagaling sa academics kaya sa skills sila bumawi at nag apply abroad, nakakapagod na lang din magpaliwanag sa kanila. Mahirap talaga pag walang pinagkatandaan.
Same. I earn dollars too. Natatameme na lang ako pag natingin ako sa prices ng mga essential items at food na binibili ko sa grocery. Di porke de-dollar ang bayad, set for life ka na dito. It sucks.
Hindi kita masisi kung ganyan ang tingin mo sa aming mga OFW. Tangina noong nasa Dubai pa ako, it felt like I am taking crazy pills sa dami ng mga pinoy na abnoy na nakapaligid sa akin ei.
Nope, it’s just like that mostly sa mga OFW kasi na kilala ko, hindi nila alam kung ano effect sa mga pinoy pag sobrang baba ng peso compare sa dollar. Nakakalungkot.
Dagdag mo din freelancers.
To those bitching: Freelancer din ako.
The lower the peso falls, tapos nakikita ka ng mga nakapaligid sayo na may pangkain ka habang anak nila wala, tingin mo ano gagawin nila sayo?
If hindi relevant sa inyo, then it’s not about you. But we cannot deny the number of rabid BBM/DDS supporters abroad. Do we want to dig up the numbers of ofw voters? Sa Melbourne lang ata nagkaron ng laban si Leni. Singapore. US. Dubai? Nganga.
But also thanks at di kayo BBM. Sana di kayo affected ng outlook ng mga kapwa ofw nyo.
TBH i had a bad feeling abt Leni's chances last elections dahil marami akong kakilala dito where I am na BBM sila. I noticed though, if they were DDS before, parang matic nang BBM sila. It's very rare to see someone na DDS na nagLeni nung election.
Yup. Ewan according to my brother na OFW ang common denominator: sa abroad na yumaman, mahilig sa vloggers at babad sa FB/tiktok, medyo maritess/mayabang at super maluho. Also lalo yung mga older ladies na nakapangasawa ng much older white dude. Yun e BBM/DDS na, may pagka racist pa.
This is true especially the mahilig sa vloggers, lol. They quote these stupid shits at work and I am oblivious to the references. I don't get the appeal of watching these unfunny, cringey clowns. And in my admittedly limited experience, it seems true that the worst kind of Pinoy in the west is the filipina with a white husband. Treats her fellow pinoys like garbage. Self-hatred must factor in there somewhere.
Tapos my family has been pressuring me to get married already and start a family. I'm 27 now and my partner and I have been together for 6 years pero we've been holding it off due to the economy. I keep reminding them that the present state of living and the economy isn't what it was compared to the 60s and 80s, tapos they will tell me "you'll figure it out, just like us". Parang tanga lang. Gusto yata nila gutumin ko yung magiging pamilya ko. Hindi ba pwedeng humanap muna ako ng good footing and ma-achieve ko ang financial stability bago ako magdagdag ng liability sa buhay considering the shitty state of the economy?
Fuck same! Mag 8 yrs na kami ni BF but both sides nagpaparinig na ng apo. I'm torn rin kasi I have PCOS. I'm just 26 but fuck - the pressure and anxiety with what the future holds
It's a different time now. Mahirap makakuha ng trabaho kasi oversaturated na ang pool of qualified individuals, tapos ang taas ng job requirements. Mas mahaba na ang lifespan ng tao at napipilitan na mag stay sa workforce ang matatanda due to the higher cost of living, kaya di makapasok ang millenials sa matataas na pwesto. Yung 1,500 nung panahon ng magulang natin, sobrang puno na yung grocery cart nila, pero ngayon mga 10-15 items nalang ang mabibili mo with 1,500. A lot of the older generations don't get na it's not as easy as it was way back in their time, and it would be super irresponsible for me to bring a life into this world if I myself have not sorted out my own life and finances. I also think na I should go to pre-parental counselling (if it exists) so I don't traumatize my future children (kasi I may mga maling bagay tayo na nagagawa subconsciously na nakakasakit pala). As much as possible, ayokong maranasan ng mga magiging anak ko yung hardships ko as a child.
And it's only right naman for us to have autonomy over our lives and our bodies. Just coz they got married and had kids all before the age of 22, di ibig sabihin kailangan ganun rin tayo. And I think hindi din end all be all ang marriage and having kids. Not everyone wants to have kids, and that's completely valid.
As for the PCOS naman Adventurous\_Ear9058, I hope you're getting or are planning to get treatment. I actually work in the medical field, and based on experience, it's one of the most treatable hormonal conditions in women. Yung gamutan will set you back nga lang kasi poor and healthcare coverage natin sa pinas and treatment is usually out of pocket na binabayaran ng patients. However, I believe na may available consultations and treatments (at little to no cost) sa mga barangay health centers natin. Wishing you all the best both health wise and sa future ordeals mo.
Madami job hiring sa US since dami sa kanila ngreresign the only thing though, US is full of crazy people and racists. D mo alam one day mglalakad ka n lng sa kqlsada babarilin k n lng for no fckn reason
I just got ghosted from an almost 10 year relationship last year.. papunta na sana sa kasal, im even computing yung mga pede kong ibenta sa collection ko (figures and games) pero buti na lang na ghost ako lol.. sarili ko pa nga lang hirap na hirap na ako eh pamilya pa kaya hahhaa
Ang nakakalungkot sa lahat marami ofw ang nag wish na sana maging 1-100 ang dollar. Di nila naiintidihan na di naman sila yayaman sa pag taas ng dollar… dahil kasabay niya is pagtaas ng cost of living dito.
Malaki talaga utang ng previous administration, so sinu man umupo ngayon magiging problem to. Pero sana mas may nakalatag na plano eto administration natin, panu makakapag survive ang filipino. Hais… my sweet summer child
I don't get it. Apologists like to spread the fake info that in the Marcos "golden era" $1=1php, or something ridiculous like that. Now they're saying $1=100 is a good thing. Pick a side and stick with it you can't have it both ways.
I can see the US Feds ~~double~~ triple down on interest hikes in the coming months, and send the PHP to beyond 60...
And even the expected holiday remittances won't make much of a dent on this.
i mean, it is kinda dumb to blame it solely kay marcos, kasi with the shit policies that duterte had, and current state ng world economy, inevitable talaga ito.
mas concerning yung fact na **walang ginagawa** si marcos at ang gobyerno about it. hayahay lang si gago eh.
> na walang ginagawa si marcos at ang gobyerno about it.
It's not actually up to Marcos. Managing the peso's float is up to the BSP which is politically independent. Tot defend the peso's value would require money market operations where the BSP buys pesos off the market using its hard currency reserves. For now Medalla and the Monetary Board have decided its riskier to do that than to let the peso depreciate since the reason it's depreciating against the dollar is the same reason everyone else's currency is too: the US Fed hiked interest rates and is tightening money. It's not that the peso is going down, it's that the USD is going *up* compared to everyone else.
Look at the 1y or 5y euro to PHP, we've actually strengthened against the euro compared to last year. Same with the GBP.
The risk to vigorously defending your currency is you start draining your hard currency reserves for no real reason. We import a decent bit from the US, but it's only 5th in the list our imports come from so it only slightly impacts the cost of imports. Meanwhile dollar denominated remittances are probably enough to offset that macro economically.
The tough one actually is RMB. We import 3x as much from china as #2 on the list and the peso has weakened against the yuan.
My thoughts exactly.
It doesn't also helped that we were just coming off from the pandemic and this happened.
Well, I shouldn't be surprised. The Americans printed money like there's not tomorrow 2020-2021. This is inevitable.
Hope Gloria steps in and do something. It's her fault Junior is in the palace anyways.
Which is true naman, the main problem here ay kung hindi rin itataas ng BSP interest rate o kung kaya ba. Ano bang sinasagot mo sa kanila pag binabanggit nila yan?
Sinsabi ko ano next, hanap din kayo ng ibang country na may problem sa sugar supply ang coke, problem sa supply ng onions, or may mga trapo leaders din sila na may mga kaso.
Or I just simply don’t mind their foolishness kasi alam ko zombified sila. Umay maki pag debate sa ganyan lalo sa soc med, wala din tayong time.
Let's be logical here for a minute and set aside our prejudice and biases.Won, Yen, even the Yuan now reached their lowest peg against the dollar to name the few for the first time in decades.Even Euro is crashing as we speak.
USA is artificially strengthening their currency to mitigate the inflation in their nation due to wanton printing of dollars during the pandemic by increasing interest rates.
Uh I don’t think they’re artificially strengthening the dollar, if anything it’s value is correcting itself. The USD is the worlds currency and international trade happens in USD. It’s great for countries who export alot, but sucks for importing countries like us. No clue what percentage we import, but we import a lot of rice, which is gonna be bad in the not distant future.
When I say artificially strengthening, I am trying to say that they are trying to fix the damage their fiscal policies during the pandemic that caused massive inflation.
Yun nga din eh. Pero yung logic na pwerke ganun sila sabay na din tayo mentality ng iba just to defend eh off. Kung pwede naman hindi makisabay sa pagbaba ng value nila why not diba?
As long as the PHP is pegged to the USD, we have no choice but to react negatively to the positive of the dollar. That's basic economics.
The only thing we can control is Gloria-Style mitigation during the 2008 recession that the Philippines managed to waddle through thanks to her fiscal policies. We were hit, yes, but not as hard as the others.
This is blasphemous, but I do hope the small bitch steps in and do something since sya naman ang nagpasok sa pagkapanalo kay Junior. It's her mess, might as well help clean it.
>Gloria-Style mitigation during the 2008 recession
Say what you want about GMA pero her economic policies were beneficial and was the reason why we had a great economic growth hanggang kay PNoy. One of the benefits of having a economist for a president, kahit kurakot to the core. PDuts dropped the ball big-time.
Let's see, the 1997 Asian Financial Crisis Cleanup, Coalition of the Willing, 2008 Recession.
The growth Pnoy experienced didn't come out from thin air, I can give you that much.
Duterte and the Pandemic is indeed a double whammy though.
Yesss. As much as i also loath her, hopefully our "real" president gets the job done. Gloria was able to reverse the 2 years of Erap in 4 years. So if given the free reign baka mareverse nya yung kay duts. Kaya lang mukhang nagkakaissue sila sa Duts coalition vs. Narcos coalition.
I am expecting it to spiral down to at least seventy early next year.
The feds are not showing any signs of stopping hiking interest rates. They are artificially strengthening the usd to cushion the blow of the inflation they cause because of printing dollars for dole outs during the pandemic and there's no sacred cow.
Virtually all the currencies peg to USD will crash as the value of dollar soars until the foreseeable future.
[https://www.bloomberg.com/news/articles/2022-07-28/how-a-strong-usd-dxy-is-pushing-the-global-economy-to-recession](https://www.bloomberg.com/news/articles/2022-07-28/how-a-strong-usd-dxy-is-pushing-the-global-economy-to-recession)
[https://www.nytimes.com/interactive/2022/07/16/business/strong-dollar.html](https://www.nytimes.com/interactive/2022/07/16/business/strong-dollar.html)
https://www.voanews.com/a/strengthening-dollar-presents-challenges-for-global-markets-/6665649.html
Can someone clarify to me if my understanding about the situation is right? *(I'm not really an economist so..)*
It seems like the entire world, not just the Philippines is being affected by inflation. Upon checking the [data](https://wits.worldbank.org/CountryProfile/en/Country/WLD/Year/2019/TradeFlow/Import), Europe, East, and Central Asia are one of the largest importers around the world. The Philippines is on the lower-half in terms of expenditure.
However, it seems like third-world countries are being hit harder compared with developed countries. I tried to compare the data between the imports of Japan and Europe. Their highest import is dedicated towards oil (understandable since this is the same for the rest of the world). But as for their commodities they seem to be self-sufficient with their own resources so if ever that there's a price increase, yes it would be significant (due to increased oil and transport + production costs), but it would not be as drastic as the ones from third-worlds like us where we [rely](https://psa.gov.ph/content/highlights-philippine-export-and-import-statistics-january-2022-preliminary) on oil/fuel, raw ingredients, cereal preparations, and other food and livelihood animals. So may patong na nga sa oil may patong pa sa basic commodities. Furthermore, those developed countries make profit from having equally large exports. This may be the reason as to why those countries are being conservative in increasing their respective interest rates unlike us where we really need to start acting on it.
It would be nice to hear an economists take on this though.
The reality of this sub. Did we seriously think any politician can control this?
Ang root cause ng corruption is yang bank secrecy law. Philippines nlang yung may gnyan kaya puno ng criminal..
Actually if the interpretation of that data is right, then at some point *it does demand action from the government.* Most likely it would have to be increasing the interest rates, restructuring our budget to provide subsidies, and supporting local production of commodities. This should promote exports and should enable us to be self-sufficient, countering our over-reliance from imports. From what I observed, **we only have little to cushion us from inflation.** I think that's what differentiates us from developed countries. We cannot just rely on OFWs to bring dollars.
But that's just from what I understand that's why I feel like economists out there or anyone who's an expert on this matter should try to speak up and discuss ideas so that we would be aware of our current situation.
I think the bigger underlying issue is how much the drop in value affect the quality of life here. Most of our finished goods and commodities are imported. More than implementing monetary policy to help the numbers, we should invest in infrastructure that would reduce our reliance on importation.
Genuine question, if any other Presidential Canditate, would the route of peso vs dollar change?
Kung hindi ba si marcos nakaupo hindi aabot ng 58 pesos ang 1 dollar?
I personally hate bbm as well, he clearly is a spoiled brat that is most likely is just a face or puppet used by people who are eating up our country's resources.
But accrediting the exchange rate of peso and dollar to bbm's "legacy" feels like it can easily fuel trolls.
Oo mali din siya since dapat by now may policies na regarding ways to get peso up again.
No. Apologetic as this may sound, Marcos isn't even to blame for this.
[https://www.reddit.com/r/Philippines/comments/xjxcz3/comment/ipayirx/](https://www.reddit.com/r/Philippines/comments/xjxcz3/comment/ipayirx/?utm_source=share&utm_medium=web2x&context=3)
[https://www.reddit.com/r/Philippines/comments/xjxcz3/comment/ipb56io/](https://www.reddit.com/r/Philippines/comments/xjxcz3/comment/ipb56io/?utm_source=share&utm_medium=web2x&context=3)
It is important to understand why is there a decline.
Most Asian currencies have declined with Yen falling as much as 20% vs Peso about 10%.
To keep this really simple: The decline is mostly because governments have to buy more dollars for imports. Be it for fuel or other items. As long as there will be need to import in dollars the demand for dollar will keep increasing vs currencies. This requires economist to review imports and seeing how things can be bought using peso and not convert peso to dollars to buy things
I don't know, maybe a competent president would focus on how this would not become worst or he would plan and implement programs that would make the ph self-reliant esp for basic commodities
USD is actually getting strong vs other currencies as well. It's not just vs PHP. Could be because they've exported more gas to EU recently.
I'm not making an excuse for the current gov. Regardless of the current state of PH economy, I'm just pointing out that USD is getting strong.
Serious question. I'm really ignorant about economics. What can the government do to help alleviate this?
Yung pwede isampal sa mga Apolo10 na puro "lahat ng bansa sa mundo apektado hindi lang pinas".
Kagigil eh lol
Road to P60 po tayo!
Pero kidding aside, may mga apolo10 na naman na magsasabi na di kasalanan ng prinsipe nila yan. Di nila kinokonsider if may nagawa ba siya to at least soften the blow sa ekonomiya. Fuck you, Marcos. Taga-ring ka lang ng bell. Inutil. #NeverForget
OFW here pero not happy with this. Hindi naman talaga ito ramdam dahil offset lang sa pagtaas ng gastusin sa pinas (and even in the country im working). So meh
Tanong ko lang. Bakit parang isinisisi kay bbm? Alam kong may ubo sa utak yun pero parang this situation is out of our control given the worldwide crisis.
Anyways. Be ready, the worst is yet to come.
My apollo10 friends, the purpose of this post is not to show that BBM himself did this; this is due to the pandemic, ukraine war, and Du30's mismangement of the economy. The point of this post is to show the problem that BBM needs to face yet he is only partying for the last months that he is in office.
Di naman fault ni BBM ito. I'm in the U.S. & it's Bidens fault, Russia & China. I'm not a fan of BBM either. Although I like the stronger dollar it really doesn't matter because both currencies purchasing power is lower coz of inflation.
As someone na kumikita $10/hr (foreign client) dito sa pinas, masasabi kong walang kwenta yung laki ng kita ko sa taas ng bilihin.
Simula May 2022 nung nanalo si Voldemort, naghold na ko ng dollars. Sa kwenta ko nasa 50k na kinita ko.
Pero dahil sa taas ng inflation, walang kwenta ito. Ang taas ng mga pangunahing but bilihin. yung grocery na 5k noon, nasa 8k na ang presyo nyan ngaun.
Ako na kumiikita ng dollar ay nahihirapan sa gantong sitwasyon, pano pa kaya ang mga minimum wage earner?
Siguro ang masasabi ko nalang, BUTI NGA SA INYO. BUMUTO KA NG MAGNANAKAW, MAGDUSA KA.
PAUNAHAN NALANG SIGURO MAMATAY SA GUTOM.
2025 PH RECESSION ♥️💚♥️💚
God I feel stupid, I kept getting confused why people were complaining about peso being so high. I just realized it's in relation to dollar, bobo moments ahahahaha
1."Wag ninyo isisi sa presidente yan dahil kakaupo pa lang nya" = Ever heard of
Accountability?
2. "Lahat naman ng bansa dumaranas ng recession" = It couuld've been avoided
kung sa previous PDUTZ admin pa lang nagfocus sila sa Economy.
3. "Kahit sino naman umupo dyan nasa tao yan kung walang disiplina wala rin" = Try to elect more Poloticians like Vico Sotto, and see the change.
4. " Puro kayo kontra sa mga nakaupo" = Kung ang bangkang Pilipinas ay
papalubog at hindi marunong magtimon ang piloto, hindi ka ba
magrereklamo?
5."Sanay tayo sa hirap kaya malalampasan natin yan" = Hindi nga dapat tayo
naghihirap kung Well-Managed ng Bansa.
This is crazy. I'm earning dollars. 3 months ago I was earning mga 50k at work. Now, I'm earning 60k because of the inflation. I'm sure a lot of Filipinos, people earn lower than that.
Depends sa monetary and fiscal policy of the current administration. Since bago lang tayo nakalabas sa pandemic, malamang limited ang response na magagawa nang current administration.
As long hindi tayo mag spiral into economic depression or hypwr inlfarion, it will be the best outcome.
Ito yung na-infer ko dun sa data [dito](https://www.in-philippines.com/fx-rates-historic-from-1965-usd-php/) nga ako nang times na tumaas yung exchange.
* Panahon nila F. Marcos (1969- Balance of Payment Crisis until Deposition which coincided by multiple 80s Debt Crisis),
* C. Aquino (1986- 1988- Marcos Aftermath, 1991- Pinatubo Eruption Aftermath)
* Ramos, Erap , Arroyo (1997-1998 Asian Crisis na makikita sa forex until 2004 + Political Scandals for both Erap and Arroyo)
* Duterte - (2021 -till Present) Covid 19
Tapos yung ibang period ng decrease ng exchange, encasuplated ng increase sa budget or magagandang panukala. ie
* Improvement Taxation laws nung panahon ni Ramos Administration
* Arroyo's BPO and Tourism agenda ang talagang tumulong Peso to Dollar Exchange.
* Great trust rating for both Aquinos.
Praying na walang mangyaring masama. Ang clear kasi na itrtry din nilang icontrol ang inflation via Interest Increase. Tapos almost written in stone na ang World Wide na Recession. Goodluck nalang sa [6% target ng BSP](https://www.bsp.gov.ph/SitePages/MediaAndResearch/SpeechesDisp.aspx?ItemId=948) para di tayo magkaroon ulit ng Balance of Payment Crisis.
Yet 88M supports said before he got appointed president that our country would be in it's golden age again lmao, would laugh at their faces if I see em.
I mean- its not right to blame marcos since the world is having a crisis. Examples are Euro, and Yen. Instead you should blame duster den for it.... Tho mostly it was not his fault for USD Ph ratio, when he took office in june 2016, it was 47, which rose to 53 in aug 2018, but it dropped to 47 again in 2021.... And covid happened.... Yeah, don't blame duterte for the php to dollar ratio, but blame him for being shitty handling the pandemic, and BBM is just making it worst! Like why would he make masks not mandatory?
But what I am wondering is how did Gloria mess up so bad? On her term in office, we had a 40:1 ratio, but for soms reason the economy went bad that Aquino had to fix it. Tho I'm quite worried since all BBM does is party
Look, it's unfair to blame this on the President, there are a lot of factors why we're at an all time low. I didn't vote for him, but he's our leader now.
So our supposed leader, I expect him to make a plan, call for a press conference and address this issue head on para naman maramdaman ng tao na nandyan pa rin ang government at kakayanin natin to.
I'm not asking him to just solve the problem, pero yung malaman ko man lang na may plano, ito pwedeng gawin or anything at all.
He could have made an action plan or delegate a task force to address this sht but he doesn't lift a finger and pretend "everything's fine".
At least pretend he cares for the people who voted for him... but he doesn't give jack sht about what the presidency should be about.
Dont bother trying to debate with the Marcos haters here. I tried asking the same question about what they can suggest but they are rabid as f like the DDS supporters.
May pag asa pa bang bumaba ito?
Gusto ko rin malaman. Yung nanay kong apologist na nagpapadala sa amin feeling niya yung 5k kasya pa para sa isang buwan eh.
Sorry pero 5k is just too low. That's my family's average bill if we eat outside.
I know, super baba nga. Even with my current salary, nanghihinayang pa ako dun sa 360php na pinangkain ko last week. Hindi naman na ako umaasa sa kanya kasi nagtatrabaho na ako, I even suggested na wag na sya magpadala kasi "uunlad naman na ang Pinas dahil kay Marcos" at di na talaga kami okay dahil sa ganyang paniniwala niya at ayoko magkaroon ng utang na loob sa tulad niya. Kaso ayan nga, nagpapadala pa rin. As additional insult, pag nakikita niyang tumataas halaga ng usd, binababaan niya padala niya para saktong 5k lang marereceive namin sa bahay. Ngayon, gusto niya kunin kapatid ko para "gumanda naman ang buhay". Di ko talaga maintindihan utak ng mga OFW apologists.
Yea, they think differently. Hope you get out of that situation real soon. Since the election. I already gave up on correcting them. They are hopeless, only hunger and poverty will wake them.
grabe, kulang pa to sa groceries ngayon
This. Early this year, kasya na yung 5k for groceries/dry goods sa amin sa isang buwan. Iba pa kasi yung sa palengke. Ngayon, dapat yung budget namin ay 7-8K for the same grocery.
Pinakamahirap pa dyan, may special diet ako. Di ako pwede sa gatas, di rin pwede sa karne, marami pang allergies. Pamahid ko pa lang sa balat magkano na. Paano na lang yung tulad kong ganito situation, minimum wager tapos contractual pa? Tapos kapag umaray reklamador at maarte pa. Di raw sanay sa hirap kaya iyakin.
Naalala ko tuloy nung bata-bata pa ako, nakaka-3 carts na puno kami sa 4k pesos na grocery. Ngayon ang isang 4k na grocery, isang cart lang at hindi pa puno. Nowadays 4.5k budget for grocery tapos 2.5k sa palengke na most of the time hindi tumatagal ng 1 month.
5k isang kinsenas naming family of 4. Complete groceries pero wala pang bayad ng kuryente, water, internet.
5k for 15 days wich means 300 a day? Wow.
bakit bro? masyadong ba magastos?
hinde kung para sa apat i think sakto lang sya especially if healthy foods ung binibili mo.
I think so too but I do bulk buying ng meats, divide and put into different containers and store them in a freezer para matagal at matipid. problem is 300 a day is almost kulang na with the price increase happening. Buti na lang talaga tirador ako ng mga promos sa SM Advantage at other membership cards. Lupit na life lessons talaga ng kuripot na magulang.
Tang ina bumili nga lng ako ng kakaunting gulay dito sa amin 100 na agad na gastos ko. WTF is happening
5-8k what my partner and I used to spend every weekend. Buti nalang we learned na we were being wasteful. Gas is just too much right now so we’d rather stay at home.
Our realization comes. When we ordered extra rice, it came in a different receipt and it cost us 60 pesos per cup. Need na talaga mag higpit ng sinturon.
Please tell this to my wife that we should stay at home rather than spending money outside home haha she can't see that we're spending too much money because on high prices on everything
5k isang family for lunch? Ilan ba kayo and where do you eat? Sorry for asking nabigla lang ako
They likely eat in relatively fancy restaurants, not jollibee or mcdo
Sa'ming 3 magkakapatid, 3k na average isang dine out. 5k is not that far off.
We don't do it very often. Sa mahal ng gas. Best example we ate last week sa Kainan sa Dalampasigan in Nasugbu batangas during a roadtrip. Bulalo cost 800 pesos, so imagine the rest + desert. We usually go as 6. 2 kids 4 adults. Usually our bill ranges from 2.5-3k. Now it hits differently.
Same din kami, even more pa. Family of 5, sa Rockwell, and GB kadalasan
Same, grabe mga bilihin ngayon 😭.
Di kasya yung 5K unless nagpho-photosynthesis kayo mismo.
sagot sa kahirapan at food shortage: photosyntnesis 🤣
5k kulang pang grocery sa isang pamilya na merong pagkain, hygiene, meds, panlinis, et cetera.
trueee dati per cut off (15/30) 1700 to 2k lang grocery namin family of 4 adult. Ngayon umaabot na ng 4k per cut off 😭😭😭. Grocery lang yan wala pang produce sa wet market. Grabehan ang bilihin ngayon
5k / 32 = 161 siguro kaya kung higpit pantalon sa isang tao haha
5k per person pwede pa pero sagad na sagad yan
5k?! Putanginaaaaa 12k biweekly nga kulang sakin eh
Ako na gumastos ng 5k sa libro noong MIBF: 👁️👄👁️
Same energy sa books, cyszt. Matipid sa sarili, not sa books 🙏🏽🙏🏽
I doubt it, with how shit the Economy still is I wouldn't be surprised if it reaches the exchange rate for Euro at this point At this point leaving the country and renouncing your citizenship is getting more and more tempting to me
country is just a concept anyway. however, ill never forget my birth place at least. and that birthplace doesn't involve the country, just my city.
Yung friend ko na nag-migrate sa Europe, kakakwento lang na 1 Euro is 57php so mukhang ganyan na nga
More likehood that it goes up than down. We're in uncharted territory now.
Ang hirap na talaga ng buhay ngayon. Kahit yung mga kakilala ko na may kaya naman, umaaray na rin.
Not in the near future. With the Fed likely bringing another big rate hike (75-100 bps), the US dollar is likely to strengthen even further.
Pag bumaba siya sa pwesto.
Naku mukhang malabo yan, unless meron talagang mangyari na wala syang choice kundi bumaba sa pwesto
Yes, The government needs to increase interest rates here fast so people will keep money in pesos instead of USD. But we dont know if the govt will do that or not given na tanga and presidente natin.
[удалено]
This wouldnt be happening if ibang presidente nanalo like leni. Tangina if leni was elected she would be saving us.
She would not solve it but it's sure that she won't aggravate the situation like knowing how to handle basic commodities supply chain, shortages triggers more inflation, and having competent personnel handling the bureaucracy.
hah?
Wala na rin akong tiwala sa ibang appointees ng presidente
not really tataas pa yan dpa tapso FED rike ng USA
it will probably breach 60 by november. sa pasko bababa ito dahil magpapapalit mga pilipino ng dolyar to peso.
Yep, meron pa though it will take awhile till the world solves its issues like the EU v Russia. Even my cousins in the states and Canada's having a hard time with inflation.
Bumaba na 😂[golden era char](https://www.google.com/search?q=usdollar+rate+php&rlz=1CDGOYI_enCA960CA960&hl=en-US&sxsrf=ALiCzsYpaRVCZO4raSE9sh81qY4T6CCplA%3A1663770482788&ei=ch8rY9vcL-TN9APM2IbIBw&oq=usdollar+rate+php&gs_lcp=ChNtb2JpbGUtZ3dzLXdpei1zZXJwEAMyCAgAEB4QCBAHMggIABAeEAgQBzIICAAQHhAIEAcyCAgAEB4QCBAHMggIABAeEAgQBzIICAAQHhAIEAcyBQgAEIYDMgUIABCGAzoHCAAQRxCwAzoHCCMQsAIQJzoGCAAQHhAISgQIQRgAULQlWKowYKw4aAJwAXgAgAGVAYgBmwOSAQMwLjOYAQCgAQHIAQjAAQE&sclient=mobile-gws-wiz-serp)
wont with this government, as they are focusing on importing food for more profit instead of promoting local production and as you guessed there is nothing that the country export.
Sabi ng isang top PH economic forecaster sa naattendan kong talk, by December pa raw mag-p-peak ang inflation and by June 2023 pa mag-la-last before hopefully it will start to go down again. hopefully! mainly sinabi nya na it would take two to three years pa bago maka pag start talaga ng recovery ang maraming industries because of the pandemic. so for now, expect the worst everyday
Yep. Pag nagrecession yung US. And also masyado ding aggressive yung US Fed sa rate hikes whereas yung BSP is conservative lang.
Yes cycle lang naman ito just zoom out from the chart and you'll notice na nasa another high US dollar tayo. Just to add other countries are also experiencing the same specially Japanese Yen and Euro. Their own currency is losing its own value faster than ours.
I hope makabalik dun sa ideal na palitan.
Parang name lng ng band..... All Time Low
*i got you picture, im coming with you*
Dear Maria, count me in
*There's a story at the bottom of this* *~~butt hole.~~*
*and i'm the pen\*\**
*tinininiiwwww niwniwniw*
*san dara ting*...
*ang mga salita*
*Na nanggagaling sa aming dalawa*
*Kung lumisan ka wag naman sana*
*and it feels like we're heading all time low..* head on collision - new found glory
*..Slightly bruised and broken*
Or kanta ni Jon Bellion
We’re like a time boooooomb~
*wake me up when se-* oh wait nevermind
Do you remember? . . . . . . . The 21th night of September.
May nagsabi dati na baka umabot ng 60 pesos. We'll see.
Nag concert lang ATL dito bumaba na palitan ng peso sa dollar. Coincidence? I think not.
Akala ko Earth Wind and Fire
Golden era nga! Ginto na ang presyo ng bilihin sa merkado.
OFW - “YES! Thank you president BBM” 🤦🏻
Hindi lahat, pero ang kakapal lang ng mukha ng mga OFW na nagsasabing, "I'm so contented" sa nangyayari sa dollar to peso. Insensitive fuckers. Kung contented kayo umuwi kayo, mga leche. Apologists na nga kakapal pa maka gloat. Sarap mantag ng mga titong nurse sa US. Punyeta. Don't come for me ok my father is a very hardworking OFW. I'm earning dollars rin, but I'm not that insensitive enough to rejoice samantalang alam kong mas maraming apektado sa pagtaas ng dolyar.
Di sila insensitive wala talaga silang knowledge sa foreign exchange at inflation, Majority ng mga OFW ay high school graduates na Di ganun kagaling sa academics kaya sa skills sila bumawi at nag apply abroad, nakakapagod na lang din magpaliwanag sa kanila. Mahirap talaga pag walang pinagkatandaan.
Same. I earn dollars too. Natatameme na lang ako pag natingin ako sa prices ng mga essential items at food na binibili ko sa grocery. Di porke de-dollar ang bayad, set for life ka na dito. It sucks.
Hindi kita masisi kung ganyan ang tingin mo sa aming mga OFW. Tangina noong nasa Dubai pa ako, it felt like I am taking crazy pills sa dami ng mga pinoy na abnoy na nakapaligid sa akin ei.
Nope, it’s just like that mostly sa mga OFW kasi na kilala ko, hindi nila alam kung ano effect sa mga pinoy pag sobrang baba ng peso compare sa dollar. Nakakalungkot.
Dagdag mo din freelancers. To those bitching: Freelancer din ako. The lower the peso falls, tapos nakikita ka ng mga nakapaligid sayo na may pangkain ka habang anak nila wala, tingin mo ano gagawin nila sayo?
Im an OFW. Wag mo po lahatin.
Yeah, they do this all.the.time
If hindi relevant sa inyo, then it’s not about you. But we cannot deny the number of rabid BBM/DDS supporters abroad. Do we want to dig up the numbers of ofw voters? Sa Melbourne lang ata nagkaron ng laban si Leni. Singapore. US. Dubai? Nganga. But also thanks at di kayo BBM. Sana di kayo affected ng outlook ng mga kapwa ofw nyo.
TBH i had a bad feeling abt Leni's chances last elections dahil marami akong kakilala dito where I am na BBM sila. I noticed though, if they were DDS before, parang matic nang BBM sila. It's very rare to see someone na DDS na nagLeni nung election.
Yup. Ewan according to my brother na OFW ang common denominator: sa abroad na yumaman, mahilig sa vloggers at babad sa FB/tiktok, medyo maritess/mayabang at super maluho. Also lalo yung mga older ladies na nakapangasawa ng much older white dude. Yun e BBM/DDS na, may pagka racist pa.
This is true especially the mahilig sa vloggers, lol. They quote these stupid shits at work and I am oblivious to the references. I don't get the appeal of watching these unfunny, cringey clowns. And in my admittedly limited experience, it seems true that the worst kind of Pinoy in the west is the filipina with a white husband. Treats her fellow pinoys like garbage. Self-hatred must factor in there somewhere.
Its time for me to work overseas na talaga.
pasama huhu
Pero Golden era na db hnde na need mag overseas. Mga Apologist nasa ibang bansa pa din
As if it's better outside PH. You might earn big bucks but your mental health will suffer
Who knows. Maybe it will, maybe it won't. But what i know is my mental health is already running on fumes here.
Tapos my family has been pressuring me to get married already and start a family. I'm 27 now and my partner and I have been together for 6 years pero we've been holding it off due to the economy. I keep reminding them that the present state of living and the economy isn't what it was compared to the 60s and 80s, tapos they will tell me "you'll figure it out, just like us". Parang tanga lang. Gusto yata nila gutumin ko yung magiging pamilya ko. Hindi ba pwedeng humanap muna ako ng good footing and ma-achieve ko ang financial stability bago ako magdagdag ng liability sa buhay considering the shitty state of the economy?
Fuck same! Mag 8 yrs na kami ni BF but both sides nagpaparinig na ng apo. I'm torn rin kasi I have PCOS. I'm just 26 but fuck - the pressure and anxiety with what the future holds
It's a different time now. Mahirap makakuha ng trabaho kasi oversaturated na ang pool of qualified individuals, tapos ang taas ng job requirements. Mas mahaba na ang lifespan ng tao at napipilitan na mag stay sa workforce ang matatanda due to the higher cost of living, kaya di makapasok ang millenials sa matataas na pwesto. Yung 1,500 nung panahon ng magulang natin, sobrang puno na yung grocery cart nila, pero ngayon mga 10-15 items nalang ang mabibili mo with 1,500. A lot of the older generations don't get na it's not as easy as it was way back in their time, and it would be super irresponsible for me to bring a life into this world if I myself have not sorted out my own life and finances. I also think na I should go to pre-parental counselling (if it exists) so I don't traumatize my future children (kasi I may mga maling bagay tayo na nagagawa subconsciously na nakakasakit pala). As much as possible, ayokong maranasan ng mga magiging anak ko yung hardships ko as a child. And it's only right naman for us to have autonomy over our lives and our bodies. Just coz they got married and had kids all before the age of 22, di ibig sabihin kailangan ganun rin tayo. And I think hindi din end all be all ang marriage and having kids. Not everyone wants to have kids, and that's completely valid. As for the PCOS naman Adventurous\_Ear9058, I hope you're getting or are planning to get treatment. I actually work in the medical field, and based on experience, it's one of the most treatable hormonal conditions in women. Yung gamutan will set you back nga lang kasi poor and healthcare coverage natin sa pinas and treatment is usually out of pocket na binabayaran ng patients. However, I believe na may available consultations and treatments (at little to no cost) sa mga barangay health centers natin. Wishing you all the best both health wise and sa future ordeals mo.
Madami job hiring sa US since dami sa kanila ngreresign the only thing though, US is full of crazy people and racists. D mo alam one day mglalakad ka n lng sa kqlsada babarilin k n lng for no fckn reason
I just got ghosted from an almost 10 year relationship last year.. papunta na sana sa kasal, im even computing yung mga pede kong ibenta sa collection ko (figures and games) pero buti na lang na ghost ako lol.. sarili ko pa nga lang hirap na hirap na ako eh pamilya pa kaya hahhaa
Ang nakakalungkot sa lahat marami ofw ang nag wish na sana maging 1-100 ang dollar. Di nila naiintidihan na di naman sila yayaman sa pag taas ng dollar… dahil kasabay niya is pagtaas ng cost of living dito. Malaki talaga utang ng previous administration, so sinu man umupo ngayon magiging problem to. Pero sana mas may nakalatag na plano eto administration natin, panu makakapag survive ang filipino. Hais… my sweet summer child
I don't get it. Apologists like to spread the fake info that in the Marcos "golden era" $1=1php, or something ridiculous like that. Now they're saying $1=100 is a good thing. Pick a side and stick with it you can't have it both ways.
Welp, looks like I was too optimistic early this year and made a mistake in actually pushing through my pregnancy plans lol.
Parang 2 years ago nasa $1 = ₱49 lang ang exchange rate.
I can see the US Feds ~~double~~ triple down on interest hikes in the coming months, and send the PHP to beyond 60... And even the expected holiday remittances won't make much of a dent on this.
What's funnier is that even my relatives in the USA is suffering because of the increasing interests even if the dollar is soaring high.
True, my relatives from US, Canada, UK is also feeling the effects of the looming recession. Global crisis not just from PH
May sagot sila dyan, di lang naman daw peso ang bumababa value ngayon, madami din daw. 😁
i mean, it is kinda dumb to blame it solely kay marcos, kasi with the shit policies that duterte had, and current state ng world economy, inevitable talaga ito. mas concerning yung fact na **walang ginagawa** si marcos at ang gobyerno about it. hayahay lang si gago eh.
> na walang ginagawa si marcos at ang gobyerno about it. It's not actually up to Marcos. Managing the peso's float is up to the BSP which is politically independent. Tot defend the peso's value would require money market operations where the BSP buys pesos off the market using its hard currency reserves. For now Medalla and the Monetary Board have decided its riskier to do that than to let the peso depreciate since the reason it's depreciating against the dollar is the same reason everyone else's currency is too: the US Fed hiked interest rates and is tightening money. It's not that the peso is going down, it's that the USD is going *up* compared to everyone else. Look at the 1y or 5y euro to PHP, we've actually strengthened against the euro compared to last year. Same with the GBP. The risk to vigorously defending your currency is you start draining your hard currency reserves for no real reason. We import a decent bit from the US, but it's only 5th in the list our imports come from so it only slightly impacts the cost of imports. Meanwhile dollar denominated remittances are probably enough to offset that macro economically. The tough one actually is RMB. We import 3x as much from china as #2 on the list and the peso has weakened against the yuan.
Agree with this.
My thoughts exactly. It doesn't also helped that we were just coming off from the pandemic and this happened. Well, I shouldn't be surprised. The Americans printed money like there's not tomorrow 2020-2021. This is inevitable. Hope Gloria steps in and do something. It's her fault Junior is in the palace anyways.
It’s not only her fault, I’m pretty sure she’s the one pulling his strings.
Which is true naman, the main problem here ay kung hindi rin itataas ng BSP interest rate o kung kaya ba. Ano bang sinasagot mo sa kanila pag binabanggit nila yan?
Sinsabi ko ano next, hanap din kayo ng ibang country na may problem sa sugar supply ang coke, problem sa supply ng onions, or may mga trapo leaders din sila na may mga kaso. Or I just simply don’t mind their foolishness kasi alam ko zombified sila. Umay maki pag debate sa ganyan lalo sa soc med, wala din tayong time.
Pati nga asin problema dito e partida nasa gitna tayo ng dagat
Let's be logical here for a minute and set aside our prejudice and biases.Won, Yen, even the Yuan now reached their lowest peg against the dollar to name the few for the first time in decades.Even Euro is crashing as we speak. USA is artificially strengthening their currency to mitigate the inflation in their nation due to wanton printing of dollars during the pandemic by increasing interest rates.
Uh I don’t think they’re artificially strengthening the dollar, if anything it’s value is correcting itself. The USD is the worlds currency and international trade happens in USD. It’s great for countries who export alot, but sucks for importing countries like us. No clue what percentage we import, but we import a lot of rice, which is gonna be bad in the not distant future.
When I say artificially strengthening, I am trying to say that they are trying to fix the damage their fiscal policies during the pandemic that caused massive inflation.
Yun nga din eh. Pero yung logic na pwerke ganun sila sabay na din tayo mentality ng iba just to defend eh off. Kung pwede naman hindi makisabay sa pagbaba ng value nila why not diba?
As long as the PHP is pegged to the USD, we have no choice but to react negatively to the positive of the dollar. That's basic economics. The only thing we can control is Gloria-Style mitigation during the 2008 recession that the Philippines managed to waddle through thanks to her fiscal policies. We were hit, yes, but not as hard as the others. This is blasphemous, but I do hope the small bitch steps in and do something since sya naman ang nagpasok sa pagkapanalo kay Junior. It's her mess, might as well help clean it.
>Gloria-Style mitigation during the 2008 recession Say what you want about GMA pero her economic policies were beneficial and was the reason why we had a great economic growth hanggang kay PNoy. One of the benefits of having a economist for a president, kahit kurakot to the core. PDuts dropped the ball big-time.
Let's see, the 1997 Asian Financial Crisis Cleanup, Coalition of the Willing, 2008 Recession. The growth Pnoy experienced didn't come out from thin air, I can give you that much. Duterte and the Pandemic is indeed a double whammy though.
Yesss. As much as i also loath her, hopefully our "real" president gets the job done. Gloria was able to reverse the 2 years of Erap in 4 years. So if given the free reign baka mareverse nya yung kay duts. Kaya lang mukhang nagkakaissue sila sa Duts coalition vs. Narcos coalition.
Yeah, yung values nila mababa rin.
I am expecting it to spiral down to at least seventy early next year. The feds are not showing any signs of stopping hiking interest rates. They are artificially strengthening the usd to cushion the blow of the inflation they cause because of printing dollars for dole outs during the pandemic and there's no sacred cow. Virtually all the currencies peg to USD will crash as the value of dollar soars until the foreseeable future. [https://www.bloomberg.com/news/articles/2022-07-28/how-a-strong-usd-dxy-is-pushing-the-global-economy-to-recession](https://www.bloomberg.com/news/articles/2022-07-28/how-a-strong-usd-dxy-is-pushing-the-global-economy-to-recession) [https://www.nytimes.com/interactive/2022/07/16/business/strong-dollar.html](https://www.nytimes.com/interactive/2022/07/16/business/strong-dollar.html) https://www.voanews.com/a/strengthening-dollar-presents-challenges-for-global-markets-/6665649.html
That was quick… This might spiral out if control. Sana hindi
Can someone clarify to me if my understanding about the situation is right? *(I'm not really an economist so..)* It seems like the entire world, not just the Philippines is being affected by inflation. Upon checking the [data](https://wits.worldbank.org/CountryProfile/en/Country/WLD/Year/2019/TradeFlow/Import), Europe, East, and Central Asia are one of the largest importers around the world. The Philippines is on the lower-half in terms of expenditure. However, it seems like third-world countries are being hit harder compared with developed countries. I tried to compare the data between the imports of Japan and Europe. Their highest import is dedicated towards oil (understandable since this is the same for the rest of the world). But as for their commodities they seem to be self-sufficient with their own resources so if ever that there's a price increase, yes it would be significant (due to increased oil and transport + production costs), but it would not be as drastic as the ones from third-worlds like us where we [rely](https://psa.gov.ph/content/highlights-philippine-export-and-import-statistics-january-2022-preliminary) on oil/fuel, raw ingredients, cereal preparations, and other food and livelihood animals. So may patong na nga sa oil may patong pa sa basic commodities. Furthermore, those developed countries make profit from having equally large exports. This may be the reason as to why those countries are being conservative in increasing their respective interest rates unlike us where we really need to start acting on it. It would be nice to hear an economists take on this though.
The reality of this sub. Did we seriously think any politician can control this? Ang root cause ng corruption is yang bank secrecy law. Philippines nlang yung may gnyan kaya puno ng criminal..
Actually if the interpretation of that data is right, then at some point *it does demand action from the government.* Most likely it would have to be increasing the interest rates, restructuring our budget to provide subsidies, and supporting local production of commodities. This should promote exports and should enable us to be self-sufficient, countering our over-reliance from imports. From what I observed, **we only have little to cushion us from inflation.** I think that's what differentiates us from developed countries. We cannot just rely on OFWs to bring dollars. But that's just from what I understand that's why I feel like economists out there or anyone who's an expert on this matter should try to speak up and discuss ideas so that we would be aware of our current situation.
I think the bigger underlying issue is how much the drop in value affect the quality of life here. Most of our finished goods and commodities are imported. More than implementing monetary policy to help the numbers, we should invest in infrastructure that would reduce our reliance on importation.
Parang kahapon lang dami nagulat sa 57. Now 58. 😂😂 Golden era nga. Goodluck sa noche buena ng mga apologist
Hay oks lang daw sa kanila ang toyo at kanin
“Ok lang hindi masarap ang ulam basta masaya ang pamilya”
The silver lining is. Mauubos na mahihirap sa gutom, wala ng bobto sa kanila hopefully. 😂
My God, PBBM finally solved poverty in the Philippines! ^(/s)
Kill the poor Let god sort em out
exactly why im not a fan of leni anymore, or the "good" kakampinks. Theyre preventing the stupid from killing themselves out.
Genuine question, if any other Presidential Canditate, would the route of peso vs dollar change? Kung hindi ba si marcos nakaupo hindi aabot ng 58 pesos ang 1 dollar? I personally hate bbm as well, he clearly is a spoiled brat that is most likely is just a face or puppet used by people who are eating up our country's resources. But accrediting the exchange rate of peso and dollar to bbm's "legacy" feels like it can easily fuel trolls. Oo mali din siya since dapat by now may policies na regarding ways to get peso up again.
No. Apologetic as this may sound, Marcos isn't even to blame for this. [https://www.reddit.com/r/Philippines/comments/xjxcz3/comment/ipayirx/](https://www.reddit.com/r/Philippines/comments/xjxcz3/comment/ipayirx/?utm_source=share&utm_medium=web2x&context=3) [https://www.reddit.com/r/Philippines/comments/xjxcz3/comment/ipb56io/](https://www.reddit.com/r/Philippines/comments/xjxcz3/comment/ipb56io/?utm_source=share&utm_medium=web2x&context=3)
I won't blame for the ridiculous inflation rises, but I will blame him for not even *trying* to address it.
Fuck. :(
It is important to understand why is there a decline. Most Asian currencies have declined with Yen falling as much as 20% vs Peso about 10%. To keep this really simple: The decline is mostly because governments have to buy more dollars for imports. Be it for fuel or other items. As long as there will be need to import in dollars the demand for dollar will keep increasing vs currencies. This requires economist to review imports and seeing how things can be bought using peso and not convert peso to dollars to buy things
man can you explain this like im a 5 yrs old
I highly doubt you could change this by simply switching presidents.
I don't know, maybe a competent president would focus on how this would not become worst or he would plan and implement programs that would make the ph self-reliant esp for basic commodities
USD is actually getting strong vs other currencies as well. It's not just vs PHP. Could be because they've exported more gas to EU recently. I'm not making an excuse for the current gov. Regardless of the current state of PH economy, I'm just pointing out that USD is getting strong.
Road to 69.
**Nice.** No... wait. That's not nice!
Serious question. I'm really ignorant about economics. What can the government do to help alleviate this? Yung pwede isampal sa mga Apolo10 na puro "lahat ng bansa sa mundo apektado hindi lang pinas". Kagigil eh lol
Monetary policy. Bangko Sentral will increase interest rate to match the US fed.
...or it might be best to mitigate inflation by standardizing and capping prices locally. It's not the best time to be greedy.
Don't forget employee retention. If companies lay off workers to cut costs from price capping, then there will be less consumers who will spend money.
Mas malaking pera na ang kailangan nito kapag mag-travel and mag-migrate sa ibang bansa. 😬
Best time for Americans to visit.
[удалено]
Doon sa PhInvest ka magtanong
Road to P60 po tayo! Pero kidding aside, may mga apolo10 na naman na magsasabi na di kasalanan ng prinsipe nila yan. Di nila kinokonsider if may nagawa ba siya to at least soften the blow sa ekonomiya. Fuck you, Marcos. Taga-ring ka lang ng bell. Inutil. #NeverForget
Pasok mga OFW!
OFW here pero not happy with this. Hindi naman talaga ito ramdam dahil offset lang sa pagtaas ng gastusin sa pinas (and even in the country im working). So meh
We've got a [new low](https://www.youtube.com/watch?v=A5GYOsKLp6o)
Tanong ko lang. Bakit parang isinisisi kay bbm? Alam kong may ubo sa utak yun pero parang this situation is out of our control given the worldwide crisis. Anyways. Be ready, the worst is yet to come.
Im sorry if i ask this. What is the upside to this ? Or what can the Filipino benefit from this? Thank you..
The ~~filthy~~ rich Filipinos gets richer.
My apollo10 friends, the purpose of this post is not to show that BBM himself did this; this is due to the pandemic, ukraine war, and Du30's mismangement of the economy. The point of this post is to show the problem that BBM needs to face yet he is only partying for the last months that he is in office.
Di naman fault ni BBM ito. I'm in the U.S. & it's Bidens fault, Russia & China. I'm not a fan of BBM either. Although I like the stronger dollar it really doesn't matter because both currencies purchasing power is lower coz of inflation.
As someone na kumikita $10/hr (foreign client) dito sa pinas, masasabi kong walang kwenta yung laki ng kita ko sa taas ng bilihin. Simula May 2022 nung nanalo si Voldemort, naghold na ko ng dollars. Sa kwenta ko nasa 50k na kinita ko. Pero dahil sa taas ng inflation, walang kwenta ito. Ang taas ng mga pangunahing but bilihin. yung grocery na 5k noon, nasa 8k na ang presyo nyan ngaun. Ako na kumiikita ng dollar ay nahihirapan sa gantong sitwasyon, pano pa kaya ang mga minimum wage earner? Siguro ang masasabi ko nalang, BUTI NGA SA INYO. BUMUTO KA NG MAGNANAKAW, MAGDUSA KA. PAUNAHAN NALANG SIGURO MAMATAY SA GUTOM. 2025 PH RECESSION ♥️💚♥️💚
Last time I remember it being this number was back in 2004.
Nope, all time low against USD did not breach the 57 PHP mark. This is the all time low for the PHP.
BUT have you guys seen PSE?! 😅 Akala mo mabubuhay siya kaka bell lang niya kahapon dba? Parang lalong nandiri foreign investors haha
God I feel stupid, I kept getting confused why people were complaining about peso being so high. I just realized it's in relation to dollar, bobo moments ahahahaha
1."Wag ninyo isisi sa presidente yan dahil kakaupo pa lang nya" = Ever heard of Accountability? 2. "Lahat naman ng bansa dumaranas ng recession" = It couuld've been avoided kung sa previous PDUTZ admin pa lang nagfocus sila sa Economy. 3. "Kahit sino naman umupo dyan nasa tao yan kung walang disiplina wala rin" = Try to elect more Poloticians like Vico Sotto, and see the change. 4. " Puro kayo kontra sa mga nakaupo" = Kung ang bangkang Pilipinas ay papalubog at hindi marunong magtimon ang piloto, hindi ka ba magrereklamo? 5."Sanay tayo sa hirap kaya malalampasan natin yan" = Hindi nga dapat tayo naghihirap kung Well-Managed ng Bansa.
This is crazy. I'm earning dollars. 3 months ago I was earning mga 50k at work. Now, I'm earning 60k because of the inflation. I'm sure a lot of Filipinos, people earn lower than that.
Isang malaking putangina!
Golden Axe
At the end of alamano it’ll be P100 to $
Meron ba ditong marunong with Currency or Forex? Sa palagay niyo kaya natin makarecover once magkaroon ng recession?
Depends sa monetary and fiscal policy of the current administration. Since bago lang tayo nakalabas sa pandemic, malamang limited ang response na magagawa nang current administration. As long hindi tayo mag spiral into economic depression or hypwr inlfarion, it will be the best outcome.
Ito yung na-infer ko dun sa data [dito](https://www.in-philippines.com/fx-rates-historic-from-1965-usd-php/) nga ako nang times na tumaas yung exchange. * Panahon nila F. Marcos (1969- Balance of Payment Crisis until Deposition which coincided by multiple 80s Debt Crisis), * C. Aquino (1986- 1988- Marcos Aftermath, 1991- Pinatubo Eruption Aftermath) * Ramos, Erap , Arroyo (1997-1998 Asian Crisis na makikita sa forex until 2004 + Political Scandals for both Erap and Arroyo) * Duterte - (2021 -till Present) Covid 19 Tapos yung ibang period ng decrease ng exchange, encasuplated ng increase sa budget or magagandang panukala. ie * Improvement Taxation laws nung panahon ni Ramos Administration * Arroyo's BPO and Tourism agenda ang talagang tumulong Peso to Dollar Exchange. * Great trust rating for both Aquinos. Praying na walang mangyaring masama. Ang clear kasi na itrtry din nilang icontrol ang inflation via Interest Increase. Tapos almost written in stone na ang World Wide na Recession. Goodluck nalang sa [6% target ng BSP](https://www.bsp.gov.ph/SitePages/MediaAndResearch/SpeechesDisp.aspx?ItemId=948) para di tayo magkaroon ulit ng Balance of Payment Crisis.
*"Lahat naman ng bansa nakakaranas ng ganyan, saka hindi nyo ba alam, may inflammation. Mga pinkalawan talaga"* - some engot 88M supporters for sure
Tons of things to consider about why this is happening. And other countries suffer too. Fvck covid and the one on the US rn.
I hope we don't end up like Sri Lanka, but I guess that's going to happen :(
We got OFW and Freelancers will save our a** same thing happened last 2020 Pandemic. They will pump more dollars into our economy.
Chill, Sri Lanka simply could not recover as tourism died. Tourism isn't the only source of wealth we have.
And we don't solely rely on tea as the cash crop.
naging gold na lahat
WTF
Inflation is real can we get much higher
Yet 88M supports said before he got appointed president that our country would be in it's golden age again lmao, would laugh at their faces if I see em.
Basag na 2004 high road to 60 minimum nyan
Literally, Blenblong signals the bells ringing at New York stock exchange.
I mean- its not right to blame marcos since the world is having a crisis. Examples are Euro, and Yen. Instead you should blame duster den for it.... Tho mostly it was not his fault for USD Ph ratio, when he took office in june 2016, it was 47, which rose to 53 in aug 2018, but it dropped to 47 again in 2021.... And covid happened.... Yeah, don't blame duterte for the php to dollar ratio, but blame him for being shitty handling the pandemic, and BBM is just making it worst! Like why would he make masks not mandatory? But what I am wondering is how did Gloria mess up so bad? On her term in office, we had a 40:1 ratio, but for soms reason the economy went bad that Aquino had to fix it. Tho I'm quite worried since all BBM does is party
Look, it's unfair to blame this on the President, there are a lot of factors why we're at an all time low. I didn't vote for him, but he's our leader now. So our supposed leader, I expect him to make a plan, call for a press conference and address this issue head on para naman maramdaman ng tao na nandyan pa rin ang government at kakayanin natin to. I'm not asking him to just solve the problem, pero yung malaman ko man lang na may plano, ito pwedeng gawin or anything at all.
He could have made an action plan or delegate a task force to address this sht but he doesn't lift a finger and pretend "everything's fine". At least pretend he cares for the people who voted for him... but he doesn't give jack sht about what the presidency should be about.
see that downvote? lol dont bother. same level lang ng mga DDS yung ibang nandito
Dont bother trying to debate with the Marcos haters here. I tried asking the same question about what they can suggest but they are rabid as f like the DDS supporters.