How has the Philippine Peso Fared Over the Past Year?
By Rico, 7:07 am Sat Sep 6 2008 - Analysis - What Do You Think?
The Peso-Dollar exchange rate is important to us, because it’s important to local online entrepreneurs. A stronger peso means lower costs for what small-time operators usually pay for to keep their online properties running—usually paid for in dollars (see The Weakening Dollar is a Boon for Local Online Entrepreneurs and Peso Drops to 10-Month Low: What Does it Mean?)
So, it would do well to see how the Philippine Peso fared over the last 12 months.
As you can see, after a year-long roller coaster ride, we’re right back where we started. (Source: ExchangeRate.com)
Read More: 2008, exchange rate, graph, history, Philippine peso, US Dollar
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