If you’ve been reading about the foreign exchange markets long enough, you know that forecasting where the peso will end up, say, at the end of the year is futile. I daresay the foreign exchange markets is as fickle, or even more so, than the lady next to you and as temperamental as the toddler next door!
During the height of the Asian financial crisis in 1997 when the peso-dollar rate was the staple story in business pages, I spent so much time tracking the foreign exchange markets that one night, I woke up after a nightmare mumbling “The peso! The peso!”
That can happen to you when you wait for hours until late at night sprawled on the floors of the Bangko Sentral ng Pilipinas just to get first crack at what the Monetary Board members talked about. 
But, hey, it’s fun to guess where the foreign exchange rate will go! So here’s an offer. Push that comment button and publish in MoneySmarts your fearless forecast for the peso-dollar rate by the end of the year. The one who comes closest and sends his forecast fastest will get a free personal finance book for Christmas. :-)
What do you say?
A worker at the Philippine central bank recovers spilled bundles of 100 peso notes from the stacking machine at the currency production plant in Manila. (AFP PHOTO ROMEO GACAD)
This photo taken 02 September 2003 shows an inspector checking freshly stamped 25 centavos coins at a stamping machine at the Central Bank’s currency and minting plant in Manila. (AFP PHOTO ROMEO GACAD)
January 26th, 2008 at 1:40 am
The Peso will range from 35 to 42 during 2008. The dollar is basically without any value but because of risk aversion and no suitable alternate currency or metal will hold some value.
December 18th, 2007 at 3:06 pm
Off the topic guys.
I’m an OFW with an average dollar earner. I am quite disappointed of thing that even though our peso is going stronger but nobody feels it effect. Instead prices shoots up and much more burden to ordinary person. How we wish that it will go back as before (56.00 is to 1USD). My forecast on 2008 is 46.15 is to a dollar.
December 17th, 2007 at 2:53 pm
My guess is its gonna be 40.24
December 7th, 2007 at 1:51 pm
39.89
December 5th, 2007 at 8:53 pm
41.25