http://lapoguenio.com/2007/04/16/the-peso-ofw-dollar-paradox/ Sun, 25 Apr 2010 12:29:29 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://lapoguenio.com/2007/04/16/the-peso-ofw-dollar-paradox/comment-page-1/#comment-129 Lani Tue, 17 Apr 2007 01:37:12 +0000 http://lapoguenio.com/?p=251#comment-129 That's possible, but it's useless. These currencies are all on a managed float and their exchange rates are determined by market forces worldwide. There's little difference if you trade your dollars for euros and then from euros to pesos because the dollar is weakening against the euro as well. $1 = 0.738944 EUR and 0.738944 EUR = 47.7207 PHP. And $1 = 47.7120 PHP. You can find out for yourself how much you'll get if you do this trade for any amount by visiting http://www.xe.com/ucc That’s possible, but it’s useless. These currencies are all on a managed float and their exchange rates are determined by market forces worldwide. There’s little difference if you trade your dollars for euros and then from euros to pesos because the dollar is weakening against the euro as well. $1 = 0.738944 EUR and 0.738944 EUR = 47.7207 PHP. And $1 = 47.7120 PHP. You can find out for yourself how much you’ll get if you do this trade for any amount by visiting http://www.xe.com/ucc

]]> http://lapoguenio.com/2007/04/16/the-peso-ofw-dollar-paradox/comment-page-1/#comment-128 Joy Mon, 16 Apr 2007 17:29:35 +0000 http://lapoguenio.com/?p=251#comment-128 What if they convert their US dollars to Euro then convert it to peso if the need arises? Am I making any sense? What if they convert their US dollars to Euro then convert it to peso if the need arises? Am I making any sense?

]]>