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Hi, so we have a dollars saving from when my dad was still an OFW. And now my family is saying we should have it exchanged to php now that it's almost 60 a dollar. Should we have it exchanged? And save it as php instead, or should we just leave it as a dollar savings?
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I plan to deposit it in a bank. I don't have a dollar account and I'm not sure it's best to get one as I don't get USD regularly (this one is a gift). To be clear, the USD is not in any e-wallet; I have the dollar bills. Any help would be appreciated. Thank you so much!
What should the government really do with the USD-PHP exchange rate issue right now?
Okay clarify ko lang, hindi ako 88M supporter. I hope i dont get downvoted for this. Im just really curious. I dont know shit about economics. I've been seeing articles about the issue lately. Is it really the government's fault? I also saw that we are affected by the global economy which is the reason for the exchange rates to raise. What could they possibly do to minimize its effects to our economy?
Now that the PHP to USD is a 17 year low, how do we take advantage of this to favor us in terms of foreign exchange? Trading cryptocurrency? Investment wise?
Best way to convert PHP to USD (to avail foreign brokers/exchange and international transfers)?
Hi I have a fairly simple question: for those of you having a local PHP account with funds based in the Philippines but who want to avail international platforms (IBKR, Binance for example), what intermediary step(s) do you take? Local banks USD account seem to have poor exchange rates, most money converter service don't accept PHP as an input, international transfer are costly, etc. I have read quite a lot about it but still haven't figured out the ideal solution (... maybe there just isn't). Thanks
Pretty much what the title says – I’ve looked at a number of them, but none will allow me to trade USD:PHP. Even interactive brokers (which has USD:THB) doesn’t have PHP. Does anyone have any insights on this?
In the CFA curriculum EUUSD is listed with the numerator (EUR) being the price and the denominator (USD) being the base. But on fx exchange rates online they are quoted as EUUSD as in base/price. Why is this the case?
I expect to receive the USD equivalent of PhP50,000 by next week (utang sa akin ng friend in the US). I need your thoughts on the best strategy to handle the money that I will receive. Would it be best to: 1. open a USD savings account for this, 2. exchange everything to PhP and deposit in my existing PhP savings account, 3. exchange just a percentage (what percentage?) and deposit in both PhP and USD savings accounts? I won’t need the money right away because this will be my emergency fund. Thank you!
I expect to receive the USD equivalent of PhP50,000 by next week (utang sa akin ng friend in the US). I need your thoughts on the best strategy to handle the money that I will receive. Would it be best to: 1. open a USD savings account for this, 2. exchange everything to PhP and deposit in my existing PhP savings account, 3. exchange just a percentage (what percentage?) and deposit in both PhP and USD savings accounts? I won’t need the money right away because this will be my emergency fund. Thank you!
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