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Tag: exchange rate

Philippine Peso Likely to Hit P54:$1 by year-end

Philippine Peso Likely to Hit P54:$1 by year-end

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As this article goes to press at 10:30 am, June 13th, 2018, the exchange rate stands at 53.10 Philippine pesos to 1 US dollar. The Manila Times  reports that Singapore-based bank DBS is predicting a fall to P54 versus the US dollar by the end of this year, 2018. Earlier forecasts posted in this website had predicted an even further decline of P56 to 1 USD by year’s end. (more…)
Philippine Peso Tops 51:$1 Level, 11 Year Low

Philippine Peso Tops 51:$1 Level, 11 Year Low

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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. (more…)
Top 5 Reasons for Moving to the Philippines

Top 5 Reasons for Moving to the Philippines

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I’ve resided in the Philippines for over eight years now. Thankfully, by the grace of God I met a beautiful Filipina through a pen pal service in June of 1999. We married in January 2000 upon my first trip to the Philippines. While I occasionally might complain about the power outages, brownouts, on our island province of Guimaras, I wouldn’t trade living in “paradise” for anything. Let me present to you my “Top 5 Reasons for Moving to the Philippines.” (more…)
Plans for Our New House in the Philippines Are Forging Ahead

Plans for Our New House in the Philippines Are Forging Ahead

THE ROOSTER CROWS AT 4AM!
The plans for our new house in the Philippines are forging ahead.  Yesterday, my asawa and I met with Boy, a local contractor from Guimaras. Boy comes highly recommended and has built several residences for foreigners on our mango province. Our brother-in-law, Joery, along with a crew of three men, will begin work on our father-in-law's nipa hut first. The nipa hut will be the location where our initial electrical service will be provided. It's best to start applying for new service early. There are several utility poles already located near our property so hopefully our electrical service will be provided before our new house is built, which could take five to six months. Rice field on our property (more…)

Should YOU Move to the Philippines?

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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. (more…)