Saturday, May 31, 2008

: High Exchange Rate is good and bad :

Hmmmm.. i'm feeling lucky..Just happened to exchange the last AUS$ that I have in my pocket the other day at the money changer and I was quite surprised when the teller told me that AU$- Php is P42.40/AU$. I didn't expect that bec. I saw on TV that it was only P41.80, and of course I was so happy bec it was high since the last i exchanged. It was good for people that receive money $ from abroad and we always wish this will go even higher.

On the other side, this is not good for our economy, just recently there is already fare hike from Php 7.50 to P8 and the rising products and good in the market are hitting the ceiling when ordinary people can afford any more. I just hope good things will come to all of us.

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