#PH Central Bank Includes #CNY into Basket of Currency

Should consider Two (2) sides of the Coin

With the Philippine Central Bank adding the Chinese Renminbi (Yuan) in its basket of currencies, after a 24B agreement was made from doing business with China has now transformed the PHP to some cost savings in directly swapping its local currency with that of the Chinese Yuan without having to deal with a major currency such as the USD. That's one of the good side of the story, but there are relevant effects not directly presented with this move.

Cloud Chart Comparison CNYPHP Cross Rate 

China has an advantage with the on/off-shore currency pairs; where the #USDCNH is likewise traded along with the #USDCNY through their Hong Kong Dollar counterpart which is pegged to the USD. The PH Central bank does not carry such 'fail-safe' system that can be a protective mechanism in the event that a financial crisis or meltdown in China occurs

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https://twitter.com/MegaTrade101/status/790922662470033408

Japanese Yen Strength Excellent for Overseas Foreign Workers (OFWs) in Japan

The Bank of Japan stayed firm today not to add further stimulus that drove the Japanese Yen exchange rate stronger nearing the original target levels last seen @45.00 January 2014. Certain cycles do apply when market conditions change. Yet, again the continued Yen strength prevails, while the value of the PHP weakens moving forward.

Remember, that the exchange rate came from a low @35.20 last May 2015 and is now @42.50 as of this writing. Just think and calculate how much an OFW could have saved and made a gain from the information by knowing how this can be done on your own personal initiatives.  MOTIVATION IS KEY!

These moves are well in line with the Canadian Dollar rate which we have published earlier. Timing and knowing how every OFW can do themselves by having to do some due diligence from the market information openly accessible through the internet.

To find out how other appropriate ways to save, invest and learn the most basic knowledge and use best practices to increase financial success sign up for our OFW Wellness seminar.

Link: http://www.megatrade101.com/index.php/one-on-one/events
and Email: info@megatrade101.com


Related Information:
BOJ Send USDJPY Back Lower in Asia Session
Value Added Information relative to the International market.

Philippine Prosperity at a cross road! ...but not without a prize.

The Asian Development Bank's forecast for the Philippines have been estimated at 6.1% slightly lower compared from the previous quarter at 6.8% increase - in fact one of the fastest growth rating amongst the Asean members ever since the country has continuously being monitored by the World bank. That obviously led to world credit rating agencies upgrading the Philippines into an " Investment Grade" status.

The overall picture has been clear that the country has improved tremendously in most sectors of business. Specially a much improve urban development programs mostly participated by a group of high profile private group of companies driving the bulk of the economy. Community Infrastructure projects, Real Estate development and Education are just a few sectors that has been enhanced over the past decade alone. Meanwhile, the Philippine Stock Exchange Index reaching record levels within this year just shows how well the path to serious recovery is in the making. Yet, all these achievements also comes with a prize; as other sectors may also be lagging behind growth.

Philippine Prosperity at a cross road!

From the ailing man of Asia to the Rising Tiger!

Philippine Stocks has proven it!

That has been the mark that has led the Philippines to its current economic rally. Its macroeconomic stability, transparency on good governance through the accountability reforms in the Philippines. This has been done by the current administration which allowed it to finally take a head start on economic growth compared with its peers in the Southeast Asia region.

This has been seen by the  World Bank Philippines Country Director Motoo Konishi last February 5, 2013. The Philippine economy maintains a strong stance despite the global uncertainty. And with the recent growth report of 6.6% in 2012, have given a brighter future for growth as evidence of investment inflows shows. In today's stock reports, the Philippines Stock Exchange celebrates a new record high for the index registering a 6,620.72. Although, the benchmark index’s valuation of 19 times projected 12- month earnings is the highest, ever since Bloomberg began compiling the data in January 2006. Please continue...