‪#‎USD‬ Weakness Lifts ‪#‎PHP‬ Value in Asia Trading Session

An important information to share for all our OFW saving, investing and passionately working hard for their respective loved ones. It's good to know when and how to stretch the value equivalent with the exchange rates for your investments in PHP. The USD weakness likewise would be good for EURO, AUSTRALIAN DOLLAR, STERLING POUND & JAPANESE YEN earners that can see a considerable strength in their corresponding exchange rate transactions.

Though on the contrary the USD weakness for PH exporters with USD receivables would be unhappy as the value of their forward sales have lost value in exchange rate letters of credit upon confirmation. Loosing more value moving forward barely with little or o interest compared with the value of even the AUSSIE Dollar smaller in value yet carries a higher interest rate compared with the USD denominated Dollar deposit & exchange rate. Learning to hedge even on a smaller scale can still carry a substantial change in the long haul.

On a side note, the local PH scene the recent Anti Money Laundering Scandal had an indirect effect and probable consequence which already have flooded the market to avoid further exchange rate differential that may disrupt the trust in the banking industry. Although, such amount compared with the improve GDP is barely a fraction of the cost.

The weakness of the USD have spilled over into Asia providing renewed strength for the Philippine Peso at the current levels @46.36 equivalent to the USD exchange rate. Some weakness for the USD is still technically top heavy as the continued weakness continues to prevail in the market place with investors sentiments ten to be mix from the recent US data with stocks having some difficulty moving above or near the 17850 levels on the DOW JONES.