Weakening Dollar hurts Probloggers

look it at the brighter side. mura na ngayon ang domain name, hehehe. less than 500 pesos. :)

I agree

Ooomph!

really, this is a disaster. it’s like i still have to keep myself employed for the next few years. :D

Net loss is 20% since late 2006. Twenty per cent!

If you have international dealings then it will definitely hurt. But for someone like me who doesn’t and only use the dollar within the US, then it doesn’t matter. Besides, I have no choice too since I’m here in the US. I really need to use US$. Hehe :D

Time to problog in pesos then?

As for the sliding dollar, and if you are willing, why not sell your dollars now then buy them back later? ;-)

look at the brighter side…the stronger peso has cushioned the effects of the rising world oil price which is now hovering at $100 per barrel vs. last year’s $70 pbl. mas masakit yun. and malaking proportion ng imports ay oil pa rin. hindi lang naman yung me mga kotse ang maapektuhan nito eh, lahat ng bilihin and services tataas.

@Gloria: Mind you, it doesn’t happen overnight dear.

“Reklamo nang reklamo, gustong maging Amerikano.” – The Jerks

If you do not need to convert, don’t. Or at least just convert what you must. Most of us would probably dream or plan of traveling where the USD will come in handy.

Or ask friends in the US who’ll be home this Christmas to buy you gadgets there and pay them up in dollars.

Also, you might want to sell these US-bought products – in peso of course.. Syempre, tutbuan mo, pero mas mababa kaysa sa mall.

Or invest your USD in some mutual bonds. Ask your financial adviser.

The dollar will continue to slide because the sub-prime mortgages not ‘coz of the politics or even the war. Remember in the mid 90’s then it was 23 peso to a $1. Hopefully, it won’t go below that.

Yes it hurts so much. But the technique.. try to give your client a peso rate not the dollar rate. So your price stays the same.

Yuga, I commented on this over at Connie’s blog so I’ll emphasize it here too, since it’s very important in guiding where we contribute our labor:

My own advice to Pinays and Pinoys planning to work abroad, especially professional Filipinos with special skills or some sort of technical background, is to look seriously at Continental Europe rather than the USA. (Sorry, not Britain either– the UK’s banks are if anything in even worse crisis than the USA, terrible debt there. Do *not* go to Britain.) The Euro is really *the* currency to be making your money in these days. Furthermore, no matter what kind of job you’re doing, you can earn enough money to enjoy a high quality of life and send lots of money home– which, considering the high value of the Euro and the exchange rates, results in enormous financial gains for any remittances you send back home.

If you’re working in any kind of science, nursing, medical, tech, computer or engineering field, then speaking and writing German is a *massive* advantage. Germany is the hub of the European Union and the seat of the Euro, with by far the strongest economy. Practice by writing some of your professional papers and articles in German, get schooled in it, whatever it takes– German is useful anywhere in the EU. And it’s not hard to learn, I had to become fluent in German for my chemistry degree years ago (I’ve gone into nursing since), and after the first few months which can be tough, it gets much easier to get good at.

If you have a different background (or any background for that matter), you have lots of choices in the EU. Besides the German hub, there’s also the Iberian countries Spain and Portugal. These days, both have become good places to work no matter what your skill level, and again, you earn your salary in Euros. And obviously, if you can speak Tagalog, you can learn Spanish and Portuguese very quickly (and even Italian and French), since there’s so much Spanish vocabulary in Tagalog. Italy used to have some problems, but it’s gotten much friendlier recently for Filipino workers there, and again Italian is easy to pick up.

France is also just wonderful to work in, and French is a glorious language to pick up. As with the other countries, it’s all about the Euros– if you work in France, you have the advantage of high quality of life and an excellent salary that you make in Euros, with plenty of money to send home. In the Mediterranean countries, eastern Germany and much of eastern France, also, the cost of living is low and you can easily build up your Euro savings.

Again, Continental Europe these days is where the action- and the money- is to be found. IMHO, it’s finally time to realize that English, while still useful, is not nearly as useful and certainly not the global language it’s been pretended to be. Filipinos who want to make good money abroad and support their families, need to make careful consideration of the languages spoken in the areas where the best work opportunities are.

Other than that, I’d say that generally, German is incredibly useful if you’re doing something technical/scientific (and should probably be thoroughly taught to anyone working in these fields), Chinese is really becoming the new big business language for anything in East Asia (maybe should be the standard second language after Filipino these days, instead of English), Spanish is key for any of us working in South America, and of course Arabic is fundamental for those of us working in the oil-exporting countries.

But the EU minus Britain is really *the* place to be working. Especially in the big countries and the Mediterranean nations.

It is an advantage for me since I am getting the earning in Saudi Riyals. And until this moment the exchange rate of dollar to Riyal is still the same 5 years ago..

Dump the dollars !! Its the best idea anyone could have..

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