Finance Chief Sonny Dominguez only stated that... for as long as there is a gradual decrease and not an abrupt disruptive move then it is something they would not be concerned about. Something that would be quite 'unacceptable' to even hear. Stating that the PH Central Bank may not really have a 'FAIL-SAFE STRATEGY' and would only act upon when it is already there. It would be nice to actually see alternative solutions in addressing this issue moving forward.
Asian Front - Line
'The Initiative of Protecting the value of a deteriorating PHP comes first while taking advantage of the leverage that comes along with trading the other foreign denominated currencies to cross trade with.' It can only get better over time!
PH Corporate Finance survey states that they would rather manage USD-to-PHP on their Operating margins and books rather than CNY-to-PHP. This would benefit a lot more business for CPA related companies to handle corporate accounts. Of course this only goes for companies that would be dealing with China directly.
ReplyDeleteThe good news is that there are more ways than one being able to do the right form of foreign exchange conversions.
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As of NOV 08, 2016 USDPHP is at 48.70 exchange rate Time 1:55 am Link to chart: https://dwq4do82y8xi7.cloudfront.net/x/5KKsC3EE/
ReplyDeletePRICE Alert: PHP value as of Nov 09, 2016 is 49.05 / USD
ReplyDeletehttps://www.tradingview.com/x/h8W48kBr/
Protecting the value of a deteriorating PHP comes first and the taking advantage of the leverage the comes along with trading the other foreign denominated currencies to cross trade with. It can only get better over time!
ReplyDeleteAmple Warning was Provided since Oct 26, 2016
ReplyDeleteA Double -Whammy Hits the #PHP with a 49.15 Xrate while the PSE index in Negative Triple digit decline. Asian PH Investors in a blood-bath!
@MegaTrade101 The Ripple effects across the board, is where Futures trading can be an excellent strategy applied in these market conditions