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 3:43 pm
43.41
September 27th, 2007 at 3:20 pm
I am an OFW & would be very happy with a pegged exchange rate of Php 50.00 to the dollar which I suppose won’t be happening. So I’ll be happy with a Php 45.45 standing come Christmastime. Season’s Greetings everyone!
September 27th, 2007 at 2:19 pm
My guess , peso to dollar: 38-40 by the end of the year
September 27th, 2007 at 2:02 pm
The first rule in forecasting is don’t forecast until it happens. Notice experts always ‘forecast’ a bull market when prices are already high. But hardly anyone forecasts a bull when prices are very low.
Follow this rule and your forecast will always be right. You’ll make money not in investing but in financial advisory fees. That’s the trade secret of financial experts.
September 27th, 2007 at 1:31 pm
47.38