Tag Archives: exchange rate

Peso at its lowest in 7 years as foreign investors continue to pull out; gov’t denies it’s due to Duterte’s controversial statements

Article from www.filamstar.com
By Corina Oliquino | FilAm Star Correspondent

MANILA — The peso closes on its 7-year low with P48.25 to the U.S. dollar on September 26 due to foreign fund exit and political and security concerns.

The peso sank by P0.26 centavos from the closing rate of P47.99 last September 23, 2016 to Monday’s downgrade of P48.25. This tallied the weakest showingl of the Philippine peso against the dollar since September 16, 2009 when it sank P48.356 to $1.

Continue reading Peso at its lowest in 7 years as foreign investors continue to pull out; gov’t denies it’s due to Duterte’s controversial statements

Why It’s Important for the U.S. Dollar to Remain Top Reserve Currency

Dollar, Yuan, Yen, and Euro Make it Easy to Send Money Online to Other Countries

Sending money online to other countries continues to be a normal practice for immigrants and other foreigners working in the United States. As long as the dollar continues to be the worlds leading reserve currency, the exchange rate between the U.S. dollar and other forms of money will be to our advantage. Continue reading Why It’s Important for the U.S. Dollar to Remain Top Reserve Currency

How Money Remittance to Nepal Shapes the Country’s Economy

Earthquake Recovery Will Continue to Rely on Money Transfer

When sending money to Nepal, not only are you helping beloved family members and friends, you are playing a vital force in the improvement of the country’s economy. Two key factors that comprise most of Nepal’s economy have historically been generated from tourism, and money remittance.

Continue reading How Money Remittance to Nepal Shapes the Country’s Economy