Sterling to Peso

[jake]

As I haven't parted with any of my hard earned yet, I think when it comes time to send the cash I'll be 9k better off. 6m php was 100k now it's 91k, providing it stays at the current rate that is.

Your average filipino is very aware of exchange rates. The price just went up 1m php

[stevewool]

Your average filipino is very aware of exchange rates. The price just went up 1m php

yep thats just my thinking too

[SimonH]

So, if the situation were reversed and the php dropped from 60 to 55/£ you're saying I would be in a position to renegotiate down to 5m?
Price agreed in php, so that's what I'll be paying. The currency I use at home is irrelevant, whether it be pounds, dollars, euros or second hand cats.

[jake]

So, if the situation were reversed and the php dropped from 60 to 55/£ you're saying I would be in a position to renegotiate down to 5m?
Price agreed in php, so that's what I'll be paying. The currency I use at home is irrelevant, whether it be pounds, dollars, euros or second hand cats.

that's true you could negotiate down to 5m.
Handshake's and agreements at the end of the day mean nothing. It is a legally binding contract in your hand that counts.

In the Philippines there are certain things that can change very quickly if the peso depreciates against the dollar. Our monthly electricity bill will go up even though we pay in pesos.