whats happening with the peso ?

[joebloggs]

the £ to peso has dropped from about 94 or 95 to £, to 90 in just over a week

anyone know why ? must be the elections ??

i remember getting like 107 to £ a couple of years ago, but i also remember getting like lows 80's or less 6yrs or more ago...

[KeithD]

You haven't invested you dole money in peso's have you?

[joebloggs]

nah but i send money to my wifes aunt, to pay for my wifes cousin, to do a nursing degree, the guy had a hard life, he never had much contact with his parents, his mom abandoned him and his dad was a drunk and gambler. just giving him a better start in life

oh ive editied it, i tihnk i might be wrong about what i said about him mom

anyway, i know hes had a really hard life, who wants to look after someone else kids, when your struggling with your own,, but to my wife, hes like a younger brother..

[KeithD]

and his dad was a drunk and gambler.

That's me!!!

[joebloggs]

That's me!!!

your his dad , hey iam sending the heavies around to extract the money you own me , i thought only a scouser would treat some kid so bad

[eljean]

if your happy that peso is dropping its value against pound well it is supposed to be a good thing for peso coz its trying to climb up for its value...anyway...i hope our peso become 90 pound value someday....

[KeithD]

I can remember the pseo hitting 83 a few years back!!!

[andypaul]

Back in feb 05 when I got married it hit 115 helped the pocket no end

[fred]

When I changed my first £ there I got PHP15.00.

[robeth]

When I changed my first £ there I got PHP15.00.

I know this is not funny...but it does made me laugh

Maybe theres a mathematical explanation to it?

Peso / corrupt government = sterling pounds

[robeth]

^

yeah..i know it ...doesnt make sense...

[fred]

The explanation is that the rate then was £1.00= PHP15.00.
When it went to PHP20.00 we all thought we were rich!!
Now I feel like a zillionaire.

[joebloggs]

oh its gone up now to 91.5

[fred]

I have a feeling that the ££ will go down further due to the housing crash and rising inflation thats on the horizon..
This is bad news for me..I might even buy a shed load of Euros before its too late.

[joebloggs]

I have a feeling that the ££ will go down further due to the housing crash and rising inflation thats on the horizon..
This is bad news for me..I might even buy a shed load of Euros before its too late.

housing crash wow ive been waiting years for this to happen...

i dont think so, too many immigrants here now, pushing up demand..

£ is still worth near 2 usd thou.

[fred]

I could be wrong but when Interest rates are set to hit 6% at least by year end to control rising inflation..With people paying mortgages at 6 times their annual salary,somthing has to give.. IMO it will be a housing CRASH!!
Im not sure how immigrants can afford our property prices and with landlords profits reducing to less than 3% they would be better off selling up and stashing the money in the bank.. They can get 6.25% with a simple savings bond these days.