2007-02-26 00:29:26 · 2 answers · asked by jolin3762003 1 in Business & Finance ➔ Personal Finance
I know that there's a part of the Philippines where the US dollar is equal to between 52 and 54 of their 'dollars'. But, I'm not completely sure which part of the country.
2007-02-26 01:04:48 · answer #1 · answered by boo's mom 6 · 0⤊ 0⤋
It depends on how you define "best exchange". The Dollar has been so trashed since President Reagan devalued it by about 40 percent in the early 1980's, that I don't know of any country that has a "best" exchange... just less bad than others, perhaps.
Money is a commodity, just like corn and beans and it's only worth what someone is willing to pay for it on the open market. Right now, the dollar sucks... and has ever since the official currency for paying for Oil changed from the Dollar to the Euro.
2007-02-26 00:39:22 · answer #2 · answered by Anonymous · 0⤊ 0⤋