for those who are like me who is always taking note of the exchange rate of yen vs. other currency ( most especially vs. php and usd and nzd ), today is one of the best days to buy a dollar, to sell your nzd and not to send money back home to pinas.
it’s around 114 yen to buy a dollar which used to be something like 118 yen to a dollar ( but it has been low because of the mortgage problem in the us), while nzd dollar costs around 87 yen to buy but now it’s more than 89 yen and the saddest of them all, yen to peso is .3680 %$#!!&##!! yesterday it was just like 0.3710. i am not an expert in forex or in anything related to predicting the trends. i am just a mere spectator who just loves looking at everyday exchange rates.
oh.. i wish i had a money to spare to buy favored currencies.
so i can be one of the white collared professional gamblers in town!
the bottomline is, don’t send money yet to pinas if you are in japan…
slicing the pie, says that nzd is strong against yen, usd is weak against yen, jpy is also weak against php. so is it correct to say that pinas’ economy is getting better and the people are experiencing better life, or is it just because of the flooding money from the overseas pinoy workers sent home to pinas?
i don’t know. i am really confused if i would be happy if peso is strong .. i guess i will be happy if php is strong but i will be happier if jpy is stronger than php. yep, indeed a selfish note. well, tomorrow is another day. another rate. another trend.
p.s.
please let me know if my analysis is a trash.
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