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Thursday, May 24, 2012

HSBC Dollar Prediction

The economy in United States of America it is not good anymore. Hopefully they will take action of this economic problem in America. If America stills the same the way it is right now, I don’t know what’s going to happen. This really affects to lot of people and we will also be hurting especially the people who work abroad and the one earning dollars.

This will hurt us so bad, we just need to watch our budget more closely because the dollar value is going down. I just read in American and Filipino forum that HSBC is predicting that dollar this year will down at -P- 37.50 pesos Philippine money and next year will be down to -P-35.50 pesos.

Maybe I need to ex-change my dollar money while the exchange rate still high. When my husband had read this on the internet and he showed me also. Oh! no we don’t want to hear this that the value of the dollar is going down so badly. In this situation this is good in the side of the Philippines but still not good for people who work abroad that earning dollars.

A lot of Filipinos working abroad and usually in America because of the dollar that they earn is much higher than a pesos before but not anymore. I think this is the time when Filipinos will decide to stop working in America because being far-away from family is not easy. With this situation is not worth it being far from home. They just earn little because the value of the dollar is down drastically.

The reason of working abroad before is, you earn a dollar and when you change it into peso
( Philippine money) it will go a long ways but not anymore. No more American dream because the economy in America is down hell right now. Hope the president or American leaders will soon take action of their issues and problems that they are facing right now especially in their economic situation that are not doing so good. Good luck with this.

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