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)
September 27th, 2007 at 6:21 am
the peso should remain at 48 and above so that ofw can live another day..so what if it goes down to 40-42 as i can see no progess from the country you are all bastard corrupt..
September 27th, 2007 at 1:47 am
downward trend of the dollar not the peso.
September 27th, 2007 at 1:45 am
I’m comfortable with the 46 to 47 range of the peso to the dollar even if most of the indicators are pointing a downward trend.
September 27th, 2007 at 1:34 am
hmmm with the “on-slaught” of remittances….I’d hazard a guess… PhP 40-42 to a US1
September 26th, 2007 at 9:37 pm
Hi,
Any plans for doing also a stock pick challenge? where you can select and recommend your stocks and see how it turns out within a given period?
I’m currently betting on San Miguel B-shares which is at a bargain now at P61/share. Details on why i think this is so can be found in http://parttimeinvestor.blogspot.com/