isn't it if our peso's getting stronger the prices of our commodities should reduce? but that's not what's happening instead it's completely the opposite. Prices of everything rises up!
2007-05-23 05:10:15 · 5 answers · asked by nicole 2 in Social Science ➔ Economics
in the philippine perspective, the government is misleading its people. they only present the comparative exchanges of peso-dollar in the past few months. they have not presented the peso-yen, peso-euro, peso-pound,..trading. take a glimpse on these currencies if there are really changes. there are no changes. what is wrong is the economy of the UNITED STATES. it is a misnomer to conclude that the philippine economy is improving. do your own comparison with yen, euro, pound to peso exchanges. the philippine government are lying to us. in fact, they are suppressing the facts.
2007-05-25 03:41:41 · answer #1 · answered by OREGIENAL 2 · 0⤊ 0⤋
If the peso appreciates against the dollar that will make mexican products more expensive. The reason is, that if I'm a US citizen, and I want to buy something in Mexico, I will be able to obtain less pesos per dollar (with which to purchase goods) than I could before the peso became stronger. Therefore, if you want to create an economic policy that promotes exporting, your strategy would be to weaken your currency, not strengthen it.
2007-05-23 12:30:48 · answer #2 · answered by Thom 5 · 1⤊ 0⤋
When the Peso rises it costs MORE.
Since it's cost more for the same product/goods/ commodities then international trading will DECREASE. Business/Corportations will look for other countries that they can get the most for their money. Should the Peso continue to rise then Mexico will be Importing instead of Exporting; meaning the USA/ another country like India will be the work force.
2007-05-23 12:25:09 · answer #3 · answered by Giggly Giraffe 7 · 0⤊ 1⤋
If there is nothing really valuable to invest in a country, the monitary unit will seem useless sometimes. Also, economists have started using double talk to 'confuse the natives' of every country. They mean that the peso is stronger for the banks, rich and investors. The common citizen is going to struggle more because they don't have a lot of cash sitting in the bank collecting interest. We have the same problem here in the US. It just seems like we have more because the numbers are bigger. Percentagewise, it's the same problem.
2007-05-23 12:15:32 · answer #4 · answered by jam_please 4 · 0⤊ 1⤋
because its only statistics
2007-05-23 12:12:35 · answer #5 · answered by M 5 · 0⤊ 0⤋