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Is the Philippine Peso Crashing or Rising?
That is a question I have been asked, but my answer might be different depending who I am talking to.
US Dollar to PHP comparison
When compared to the US Dollar, you needed about 48 pesos to buy 1 USD in 2006, and about 43 in 2013, but in 2016 it is nearer to 50 pesos.
Australian Dollar to PHP comparison
When compared to the Australian Dollar, you needed about 47 pesos to buy 1 AUD in 2006, and about 40 pesos in 2013, but in 2016 it is nearer 37 pesos.
British Pound to PHP comparison
When compared to the British Pound, you needed about 95 pesos to buy 1 GBP in 2006, and about 62 pesos in 2013, but in 2016 it is nearer 62 pesos
Charts sourced from: http://www.xe.com
1 : 4,564 : 3,526,686