There are also positive effects of weak peso and strong dollars. That is good for our competitiveness, it's not only good for exports but even for our local industries that compete with imports. Imports now become expensive than local products, so there would be more local production and that will create jobs. Our products will attract foreign countries because it is cheaper for them to avail so there will be more export from us.
Should you be happy of strong dollars vs peso? here are some sentiments of Filipinos in the exchange rate of pesos and dollars.
Ikaw anu para sayo ang pag baba ng economy ng Pilipinas? I know the sentiments of those who are working abroad gusto nila na tumaas ang dollar para naman mas malaki ang katumbas ng mga pinaghirapan nila. Yung goal na kumita ng malaki lahat tayo gusto natin yun. Pero never akong nagdasal na tumaas nga, para ko nading sinabi na maghirap ang Pilipinas at mas nakararaming mamayan natin. Hindi naman kasi lahat may kakayahang mag earn ng dollars, oo kumita din ako ng dollars and some of my relatives are staying abroad.
Think of this, lumalaki ang conversion ng dollar nyo laban sa peso pero ung laki na yun napupunta din sa dagdag sa bilihin dahil pag taas ng mga presyo dahil na din sa pag baba ng economy. paulit ulit lang yan nanyayari.
Naiisip ko lang na kung mababa yan at maganda ang economy ng pilipinas ay maaring nandito sila sa Pilipinas at hindi na need lumayo sa family at makakasama ang pamilya nila habang tumatanda at lumalaki ang kanilang mga anak. Para mo na din kasing sinabi na sana tumaas at ng dito nalang ako sa ibang bansa, habang buhay nalang ako dito. Ayaw ko makasama ang family ko.
When the quality of the peso in the world market is raised. We will need less pesos to service our external debt in dollars. There will be more investors coming because they can earn more than when the peso is weak. Philippine economy will be stronger. There will be more investors coming because the strong peso earned will compensate their efforts.
Ikaw gusto mo din bang tumaas ang rate ng dollars?
