Quote:
Originally Posted by slang
42 pesos to the dollar or there about. It was 55 when I started going to the Phils.
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Um... doesn't that mean the peso is stronger, in terms of dollars, now than it was?
I'm confused. Previously you said that one peso will buy about $0.23 US, which is far from what you just claimed. (nm, I did the math and, according to the quoted post, a peso is worth about $0.023 US.)
Still, my confusion remains. 55 pesos per USD is about $0.018, which means that the Philippine peso is becoming stronger and/or the US dollar is becoming weaker (I know this part of things is true). The way you phrased things before led me to believe that they'd done something silly like value pesos in terms of dollars (i.e., pegged the peso to some index of USD).