2007-10-11 23:11:21 · 4 answers · asked by educator 1 in Social Science ➔ Economics
Which peso?
Commodity prices are increasing. Many currencies are strengthening against the US dollar, I supppose that's what you mean by the peso strengthening. But since not all of your commodities come from the US, the strengthening peso might not be helping a lot.
I think commoditity prices are increasing on strong global demand, much of that demand coming from developing countries like China and India, not the US.
2007-10-12 01:23:28 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The weakening dollar helps the peso but stronger world demand, especially from china, and the US decision to use part of its corn crop for bio fuels has increased food prices. US farmers usually produce large surpluses which makes for low prices and below maximum production levels. With the increase in demand and prices there will probably be larger crops next year which will move the prices downward.
2007-10-12 02:19:34 · answer #2 · answered by meg 7 · 0⤊ 0⤋
I would assume you are referring to the PHilippine Peso since it is the best performing currency in Asia now. And it is projected to further strengthen.
One factor is the increasing cost of Fuel and Oil. High Cost of Electricity and the increasing cost of transporting goods from farm to market, warehouse to market etc. Also the numerous taxes a business has to settle.
2007-10-12 13:15:46 · answer #3 · answered by Anonymous · 0⤊ 0⤋
the US greenback turns into weaker , yet different currencies grow to be better. So in case you exchange Peso to US greenback then substitute the US greenback into yet another forex the fee grow to be larger. so which you should purchase your man or woman product.
2016-12-29 05:56:58 · answer #4 · answered by arden 3 · 0⤊ 0⤋