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Jan 31, 2008

OFW Salaries

The salaries of OFW are depending upon with the Philippine Peso Per US Dollar exchange rate.

The Filipino OFW Send their US dollar to their families and exchange with the current exchange rate.

During the year 2004 the average exchange rate registered at P56 per $1.

While, from the year 2005 to 2006 the average amount per $1 was P50.

Today January 31, 2008 the exchange rate is P40.65.
Considering the above data, OFW salaries decreased by 20% from salaries in 2006.

The strong peso exchange rate is favorable in our economy.

While on the other hand, this is unfavorable with OFW.

5 comments:

bluedreamer27 said...

hmmm medyo magulo nga yan hindi natin alam kung we will able to get benefit sa pagtaas ng peso
a government must make an immidiate action for this

(hey toby i just tagged you in my blog)

mr_viruz said...

our economy is rising but i cant still see any changes in ourlives and the ofw are arffected on this era

ybot said...

Mr_viruz. Totoo sinasabi mo. It seems That the Peso Appreciation is by the books only.

Let us name some positive effects of the dollar depreciation.
Increases in the world market prices of imported goods have lesser effect.

Dollar-denominated foreign debts can be repaid with less pesos. The Philippine government has saved billions of pesos as a result of the dollar’s drop in value. Philippine companies with foreign debts have likewise benefited.

ybot said...

bluedreamer27
Thank you sa tag

Anonymous said...

ang problema sa ating bansa corruption, lahat nagmamalinis.wala ka ng tiwala sa mga nasa puwesto sa atin. kagaya sa nangyayari ngayon sa isang kababayan natin na si Ryan Torres Anievas na hanggang ngayon ay naghihinaty pa rin ng tulong mula sa pamahalaang arroyo, nakakalunglot isipin na ang mga nasa puwesto ay puro salita lang. kulang sa gawa. pag nakaharap sa tv lahat ng sinasabi puro positibo pero pag talikod wala na,ganito sa atin daldal lang ng daldal. Bagong bayani ang tawag sa atin pero para ano, para may masabi lang sila sa press. Marami ang pilipinong nakakulong sa middle east, halos karamihan sa kanila ay walang kasalanan pero ano ang ginagawa ng pamahalaan. wala nagbubulagbulagan lang sa nangyayari. Kaya payo ko sa lahat ng pinoy abroad dobleng pag iingat kung maari 100 beses .

more power to all of you

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