Ben Kritz over at the Manila Times recently ran an opinion piece regarding the faltering Philippine peso. Kritz was reporting a recent Twitter feed from David Ingles, a commentator for Bloomberg.
A recent article in Bloomberg Businessweek recently reported some good news for expats in the Philippines. “Ph Peso Seen as Asia’s Worst Performing Currency 2018.”
The Philippine peso broke the 51 a dollar level Friday. The PHP closed at a fresh 11-year low against the US Dollar. Rising tensions between North Korea and the USA are said to have contributed to the peso’s demise. As this post was being composed, Saturday, Aug. 12th, 2017, the current rate stood at 1 USD = 51.06 PHP.
Some analysts predict that in 2018 the peso could weaken to 55 to 1 against the US Dollar.
I'm an American expat from Central Illinois that worked at telecommunications giant AT&T for almost 30 years. I married a lovely Filipina over 13 years ago. We sold our home in Central Illinois in less than 30 days and moved to the Philippines over four years ago. My wife spent nine years with me in the States before my retirement from AT&T. We've been living in “paradise” ever since.
Healthcare costs and the quality of healthcare clinics available in the Philippines are valid concerns for anyone planning to live in this archipelago. After three and-a-half years of living in the rural province of Guimaras and nearby Iloilo City, my asawa and I have had occasion to visit various physicians, dentists and hospitals available. But how do they stack up to American healthcare?
Are you saving for retirement? If you’re reading this website, chances are you’re planning an early retirement in the Philippines or you already live in this archipelago of 7,107 islands in Southeast Asia. But you need money to survive, right? Most people don’t want to run out of cash or blow their savings in a few short months and get stuck in a strange foreign country. But it happens.
The Philippine Peso to US Dollars exchange rate. Most American expats living in the Philippines that I know follow the PHP to USD conversion very closely. And despite a trend of strengthening that has led the peso to another four-year high last week, the local currency is expected to weaken throughout the rest of the year. It’s predicted to recover to less than 42 to $1 for the most part of 2013. If you’re an American that has retired to the Philippines on a fixed income, you might have some cause for concern.
What is the cost of living in the Philippines compared to living in a big city in the Midwest, St. Louis, Mo., for example? How does living in Manila stack up against the Gateway to the West? A recent comment by Randy L about cost of living comparisons gave me the idea for this post. A big thanks to Randy for giving me that brainstorm. My brain needs all the help it can get.