Quote Originally Posted by jonathan47 View Post
hello,
any one else concerened about peso exchange rate 62php - pound, when i started going to philippines it was 84php and have been told it was closer 100php before ! what i dont understand and perhaps soomeone can tell is why has there been a 40% drop over a number of years we are in a worldwide recession yet the pound is losing ground against the peso ! does that mean the money markets feel the philippines is a stronger economy than the uk ? ..what do you guys think about it living there in the philippines must be having an effect on your budgets assuming you have pensions etc in the uk...
sorry if highjacking the thread thought it was kinda related (well its about money) hehehe

regards

j & a
It is definitely effecting Brit expats here..Im being told this all the time..If it goes even lower then occasionally some of them may have to re-evaluate their lives here..Things would certainly have to get very desperate for them to return to the UK however..(from what Im told)
Personally I am very fortunate that I have no need to change Pounds in order to live here..
My sister is on holiday with us here and she just changed up some cash..She got 68.50..
About 4/5 years ago it was hovering around 107.00.
The UK is really messed up and the world markets know it..
Thats why the Quid has dropped like a stone IMO.