You plan to move to the Philippines? Wollen Sie auf den Philippinen leben?

There are REALLY TONS of websites telling us how, why, maybe why not and when you'll be able to move to the Philippines. I only love to tell and explain some things "between the lines". Enjoy reading, be informed, have fun and be entertained too!

Ja, es gibt tonnenweise Webseiten, die Ihnen sagen wie, warum, vielleicht warum nicht und wann Sie am besten auf die Philippinen auswandern könnten. Ich möchte Ihnen in Zukunft "zwischen den Zeilen" einige zusätzlichen Dinge berichten und erzählen. Viel Spass beim Lesen und Gute Unterhaltung!


Visitors of germanexpatinthephilippines/Besucher dieser Webseite.Ich liebe meine Flaggensammlung!

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Showing posts with label Currency. Show all posts
Showing posts with label Currency. Show all posts

Wednesday, May 29, 2013

Philippine Pesos Slides Again...


The Philippine peso weakened to a nine-month low on concern the Federal Reserve will scale back its monetary stimulus, reducing the flow of funds to emerging markets. Government bonds fell for a third day.
The Dollar Index advanced for a second day after U.S. data yesterday showed consumer confidence climbed to the highest level in more than five years and home prices increased by the most in seven years. Foreign funds sold $85 million more Philippine equities than they bought in the last three days, exchange data show. The Philippine Stock Exchange Composite Index fell 3.8 percent since reaching a record high on May 15. It was 0.2 percent higher today.
“People are expecting a tapering of quantitative easing in the U.S.,” said Joey Cuyegkeng, an economist in Manila at ING Groep NV. “The relatively richer valuation in the stock market has also prompted some offshore profit-taking from the Philippines.”
The peso declined 0.9 percent to 42.335 per dollar as of 10:05 a.m. in Manila, the lowest level since Aug. 30, according to prices from Tullett Prebon Plc. The currency dropped 2.7 percent this month, taking this year’s loss to 3.1 percent. 

The Dollar Index, which Intercontinental Exchange Inc. uses to track the green back against currencies of six major U.S. trading partners, added 0.17 percent to 84.244. The Fed purchases $85 billion of bonds monthly.
The yield on the government’s 8 percent bonds due July 2031 rose 15 basis points to 4.15 percent, according to prices from Tradition Financial Services.

Good of you? Good for us? Good for whom?