Sunday, November 11, 2007
why don't they actually coincide with each other?
lately, i've been so bothered with the decline of the dollar exchange rate against peso. i remembered its peak reaching around 56-57 pesos pero dollar before and in just a matter of 2 years, i suppose, it dropped to an amazingly more than a hundred percent!
ForEx this morning closed to 42.35 pero dollar and i know it was really amazing that finally, peso is climbing up against the economy-threatening dollar.
but why am i bothered? i should be happy, shouldn't i?
well one reason why i was bothered was because my family was actually dollar earners. yeah, i won't go into details but all the same, this is what i can say. my family relies so much with the high dollar exchange rate against peso and the drop-off of dollar is actually a big disappointment for us.
next reason is that the unprogressive economy despite the shoot-up of peso. i know the increase was only against dollar but wasn't it the reason why our economy went incredibly low about a couple of years ago? because of the dollar?
then why is our economy still the same despite the increase in the peso rate? why is there still an unbelievable oil price hike? why haven't our goods returned to their original prices? why do we still have to suffer the pain of poverty despite the government's good announcement that philippines is now attracting a lot of good foreign investors that's why our ForEx rate is gradually becoming good?
why are we still troubling upon buying products because they were still too expensive for us to handle?
why aren't they actually congruent? why don't the prices go down as dollar went down, too?
don't you guys think it's just a bit unfair? or was it again...our dear president's fault?
lately, i've been so bothered with the decline of the dollar exchange rate against peso. i remembered its peak reaching around 56-57 pesos pero dollar before and in just a matter of 2 years, i suppose, it dropped to an amazingly more than a hundred percent!
ForEx this morning closed to 42.35 pero dollar and i know it was really amazing that finally, peso is climbing up against the economy-threatening dollar.
but why am i bothered? i should be happy, shouldn't i?
well one reason why i was bothered was because my family was actually dollar earners. yeah, i won't go into details but all the same, this is what i can say. my family relies so much with the high dollar exchange rate against peso and the drop-off of dollar is actually a big disappointment for us.
next reason is that the unprogressive economy despite the shoot-up of peso. i know the increase was only against dollar but wasn't it the reason why our economy went incredibly low about a couple of years ago? because of the dollar?
then why is our economy still the same despite the increase in the peso rate? why is there still an unbelievable oil price hike? why haven't our goods returned to their original prices? why do we still have to suffer the pain of poverty despite the government's good announcement that philippines is now attracting a lot of good foreign investors that's why our ForEx rate is gradually becoming good?
why are we still troubling upon buying products because they were still too expensive for us to handle?
why aren't they actually congruent? why don't the prices go down as dollar went down, too?
don't you guys think it's just a bit unfair? or was it again...our dear president's fault?
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1 comments:
masyadong dinidibdib ah! tama ka nga naman! hehe. :]
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