Peso dives anew vs dollar; good or bad?

“A weak currency is the sign of a weak economy, and a weak economy leads to a weak nation.”

— Ross Perot

 

By Alex P. Vidal

 

ONE Philippine peso is now equals to 0.017 United States dollar.

Economists have predicted that Philippine peso is expected to rise by 6.05 percent against the US Dollar by the end of 2024, as the USD/PHP rate is expected to reach P61.09.

The Philippine Peso to US Dollar forecast for 2025 is also currently P61.84. This would represent a 7.34 percent rise from the current rate.

Forex traders reportedly use a variety of tools to make predictions on which way the market is likely to head next. The two main tools that forex traders use are technical analysis and fundamental analysis.

Experts say technical analysis involves analyzing indicators, chart patterns, and support and resistance levels.

Meanwhile, fundamental analysis, according to experts, involves analyzing macroeconomic and political events that have an influence on forex markets.

According to Manuel Sanchez of Aramco Trading, ultimately, the weakening of the peso presents both opportunities and challenges for the Philippines.

While it offers a boon for OFWs by increasing their remittances, it also poses significant risks in terms of inflation and economic instability.

 

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People all over the Philippines are melting like ice cubes owing to the abnormal summer heat wave. Even animals are being crucified in hell by nature’s savagery.

The last thing the country’s authorities in power industry can do is to make unannounced—and sometimes unjustified—power interruptions and let the monster heat fry the people in the summer cauldron and destroy the local economy.   

Unannounced power interruptions are considered a mortal sin in today’s age where communication and technology are at dizzying pace; and especially that the National Grid Corporation of the Philippines (NGCP) has been tasked to ensure that the country's transmission assets are “in optimal condition to convey safe, quality, and reliable electricity.”

 

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CHRONIC DISEASES. Research reveals that people who sit for long stretches may be twice as likely to develop chronic diseases, such as heart disease, diabetes, and cancer--even if they exercise. "Standing not only burns more calories, it also stimulates the circulation of a dietary fat-absorbing enzyme called lipoprotein lipase," says Barbara Ainsworth, Ph.D., a professor of exercise and wellness at Arizona State University.

DANGER OF HOT WATER. When we are in a rush, it's tempting to use hot water from the faucet to brew our Earl Grey. But this shortcut can expose us to contaminants like lead, copper, and rust. "Hot tap water is more likely to leach these compounds from your pipes," warns James M. Symons, the author of Plain Talk About Drinking Water. That may put us at risk to potential problems, such as lead poisoning.

WRONG CHOICE OF WORDS. Let us not call the self-proclaimed spiritual messiahs who promise to bring us to paradise as neurotics: they merely need "professional advice." Let us not call politicians who promise to liberate us from poverty as public servants. They are "comedians."

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FOOLS KNOW NOTHING. The fool who thinks he knows everything will soon come to a realization that he actually knows little or nothing at all. The wise doesn't need to brag about what he knows. He feigns ignorance in order to broaden his perspectives and erudition.

ALL IN THE NAME OF RELIGION. During the 20th Century 110 million people were killed by their own kind in 250 wars--mostly religious wars in the name of sectarian "gods." Casualties of religious battles had been dumped in the biggest killing fields in the world.

PERFECT VIEW. A man burdened with life's trials and hardships asked God, "Why so many hills and mountains to climb in life?" God answered him, "For you to have a better view."

PATH OF NATURE. To be of few words and to be of many actions is to follow the path of nature.

LET US ALL STAND. Research reveals that people who sit for long stretches may be twice as likely to develop chronic diseases, such as heart disease, diabetes, and cancer--even if they exercise. "Standing not only burns more calories, it also stimulates the circulation of a dietary fat-absorbing enzyme called lipoprotein lipase," says Barbara Ainsworth, Ph.D., a professor of exercise and wellness at Arizona State University.

(The author, who is now based in New York City, used to be the editor of two daily newspapers in Iloilo.—Ed)