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Friday, November 21, 2008

Dollar to Peso Rate

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I just saw on TFC that the dollar exchange rate in the Philippines is now P50. I remember when I was still in the Philippines, once Christmas season approaches, exchange rates go down. OFW's start complaining that the value of their hard earned dollars is nothing because the rate is very low but this Christmas turn our something different. It is good for the Filipino sending money home (like me) but not good for Philippine economy.

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