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| US Dollar is now Rising at 54.06 and so on in exchange of Phillipine Peso |
Filipino people are now suffering in different ways ,since the Us dollar was rise and most of Goods and other materials also rise in price specially oil price.Despite that the Phillipines was also rising and shining due to the build build project and other project of our Beloved President Rodrigo Roa Duterte.Behind that, we are still affected not just in the pandemic but because the exchange rate of USD was rising vs Philippine peso.
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Most of the Filipino people who have Families work abroad was happy about this, specially if their family are US citizen.
But how about local Filipino employees?Local Filipino employees are those who work inside our Country.Local Employees depends on peso currency. So technically speaking, they are affected on this. In general, those who worked abroad or not are the same that are affected unless they will not comeback here in the Philippines.
When you work in the US, you were earn dollar and if you will come back to the Phillipines.You will convert it to peso. Imagine ,You have 1000 usd and you will convert it to peso.So if the rate is 54.06, you will receive 54,060 in Peso. By this situation,you will be happy. But question,Do you think majority are work in US? If not, then you are still affected even if you earned dollar. And if you work there, and your family is here in the Phillipines.The needs of your Family here in the Philippines will increase in price because if dollar rise,goods and other services will rise also.
What can you say about this? How the new President act and make a solution?
Just share your thoughts and ideas below in the comment section.
