Help Bakit mas mataas ang palitan ng PHP kaysa sa ibang currency kagaya ng WON/YEN pero mas mayaman bansa nila

[_Lo]

mga lods curious lang, bakit mas mataas palitan ng PHP kaysa ibang currency kagaya ng WON/YEN/KPW pero mas mayaman ang bansa nila kaysa saten?

 

[Deleted member 1028219]

Nabasa ko lng from somewhere na it's just that they don't have other names for their currency only yen or won unlike satin na may cents pa so if we go with cents instead of peso it's the same something like that

Pero kung titignan natin sa minimum wages ang minimum wage sa japan ay 930 yen per hour or 413 pesos. Same sa korea ang minimum wage sa kanina per hour ay 400 pesos or 9160 won. While satin daily wage na yan ng karamihan

 

[_Lo]

Nabasa ko lng from somewhere na it's just that they don't have other names for their currency only yen or won unlike satin na may cents pa so if we go with cents instead of peso it's the same something like that

Pero kung titignan natin sa minimum wages ang minimum wage sa japan ay 930 yen per hour or 413 pesos. Same sa korea ang minimum wage sa kanina per hour ay 400 pesos or 9160 won. While satin daily wage na yan ng karamihan

sa opinyon mo lods, sa tingen mo pwede kaya mabalik sa dati kagaya ng panahon ni marcos o sa nakaraang pangulo yung palitan ng pera naten na kung saan ay ang Philippine Peso ay isa sa pinaka mataas na palitan nuon?

 

[Scavenger]

Basically economics, yung value ng palitan sa forex ay di naman talaga basehan kung ano ka yaman ang isang bansa.. it's just one of the metrics..

But consider this, ano ang focus ng Japan? Di ba technology and robotics. They are more on exports on these things.. what will they earn on export?? Syempre USD (mostly).. now if they convert it to YEN, then it is very beneficial that they have weaker yen.. kasi pag convert nun means bigger value.. if ang value ng yen ay equal lang din ng dollar.. so if they earn 1M dollars in export today, so 1M yen lang din yun.. but 1 dollar is 100+ yen today, therefore if they earn 1M dollars in export, that would be 100M ++ in there local currency.. in fact back in the day, there was an article na galit si trump sa japan kasi minamanipulate daw nila price ng yen, syempre beneficial talaga sa kanila ang weaker yen considering the scenario sa taas.

On the other hand, if we import.. we will be converting our money to other currency to buy the imported goods.. so example, malakas ang peso kesa dollar.. like 50 cents pesos lang ang 1 dollar sample lang.. so kung need natin ng 1M dollar, that would just be 5H K or half a million.. yun lang gagastusin natin.. but today, if we need 1M dollar, we'll be spending 50M pesos instead, ang mahal.. so not good ang weaker peso during importing.

So ganito, ang basehan ng economic status ng isang bansa ay marami.. isa na dyan ang export/import..It greatly affect GDP, a metric kung gaano tayo ka yaman (not the forex exchange).. kung nais talaga nating yumaman as a country, we should improve production of goods.. open more industry that would result more employment.. giving jobs to every Filipino improves every status (per capita) which in turn help improve GDP.. and also, our handling of internal money, with the case of corruption rooted deep in the philippine government, mahihirapan talaga tayong mag improve as a country..

 

[OrangeMoon]

sa opinyon mo lods, sa tingen mo pwede kaya mabalik sa dati kagaya ng panahon ni marcos o sa nakaraang pangulo yung palitan ng pera naten na kung saan ay ang Philippine Peso ay isa sa pinaka mataas na palitan nuon?

Sa term ni Marcos lods, nag 4x ang USD to Peso, from 4 Pesos (1966) to 17 Pesos (1985)
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Eto yung explanation

 

[_Lo]

Basically economics, yung value ng palitan sa forex ay di naman talaga basehan kung ano ka yaman ang isang bansa.. it's just one of the metrics..

But consider this, ano ang focus ng Japan? Di ba technology and robotics. They are more on exports on these things.. what will they earn on export?? Syempre USD (mostly).. now if they convert it to YEN, then it is very beneficial that they have weaker yen.. kasi pag convert nun means bigger value.. if ang value ng yen ay equal lang din ng dollar.. so if they earn 1M dollars in export today, so 1M yen lang din yun.. but 1 dollar is 100+ yen today, therefore if they earn 1M dollars in export, that would be 100M ++ in there local currency.. in fact back in the day, there was an article na galit si trump sa japan kasi minamanipulate daw nila price ng yen, syempre beneficial talaga sa kanila ang weaker yen considering the scenario sa taas.

On the other hand, if we import.. we will be converting our money to other currency to buy the imported goods.. so example, malakas ang peso kesa dollar.. like 50 cents pesos lang ang 1 dollar sample lang.. so kung need natin ng 1M dollar, that would just be 5H K or half a million.. yun lang gagastusin natin.. but today, if we need 1M dollar, we'll be spending 50M pesos instead, ang mahal.. so not good ang weaker peso during importing.

So ganito, ang basehan ng economic status ng isang bansa ay marami.. isa na dyan ang export/import..It greatly affect GDP, a metric kung gaano tayo ka yaman (not the forex exchange).. kung nais talaga nating yumaman as a country, we should improve production of goods.. open more industry that would result more employment.. giving jobs to every Filipino improves every status (per capita) which in turn help improve GDP.. and also, our handling of internal money, with the case of corruption rooted deep in the philippine government, mahihirapan talaga tayong mag improve as a country..

maraming salamat sa response master at napaka linaw ng paliwanag mo nakaka lungkot lang kasi talaga isipin na karamihan sa politika imbis na tulungan ang bansa naten ay sa halip na pinapalubog pa o kinukurakot pa, alam kong hindi lang naman sa pinas ang may kurapsyon kundi sa maraming bansa o halos buong mundo. sad but true sadyang tayong tao lang talaga ang makasalanan.

 

[Scavenger]

Eto yung explanation

nice, nabasa ko din yang pizza metaphor back then nung nag research ako about currency and stuff...ewan san kaya yun hehe..

 

[_Lo]

nice, nabasa ko din yang pizza metaphor back then nung nag research ako about currency and stuff...ewan san kaya yun hehe..

kakabasa ko lang lods ngayon, simple at ang ganda ng paliwanag nya . hehehe

 

[Scavenger]

maraming salamat sa response master at napaka linaw ng paliwanag mo nakaka lungkot lang kasi talaga isipin na karamihan sa politika imbis na tulungan ang bansa naten ay sa halip na pinapalubog pa o kinukurakot pa, alam kong hindi lang naman sa pinas ang may kurapsyon kundi sa maraming bansa o halos buong mundo. sad but true sadyang tayong tao lang talaga ang makasalanan.

yun nga lods.. tingnan mo yung video sa YT na "Botswana: How to Make a Country Rich (from scratch)" by britmonkey..
(not endorsing his channel btw) but that video is very nice.. back in the day, Botswana was more like the third poorest country in the world.. but look at this country now.. may follow up sya sa video na yan.. featuring another country din who manage their economics right.. check mo yan..

 

[Masked Rider Black]

May times na sinadya ng central banks nila na i-devalue yung currency nila against USD para maging mas mura ang exports nila.

Pero pinakamalaking dahilan eh na-devalue ang currency nila nung World War 2 at nagkaroon ng sobrang taas na inflation. Maraming naimprentang pera pero bumaba ang halaga.

Ganyan din dati ang Italian lira at Deutsche (German) mark bago sila napalitan ng Euro.

Pero ayun nga hindi naman basehan kung gaano kaunlad ang ekonomiya ng bansa base lamang sa currency exchange rate sa USD.

 

[Aspen 3Zer0]

depende lang yan sa diskarte ng bangko sentral nila kung pano maglaro sa local and international markets.

 

[plhbg1]

naging interested ako sa topic na ito kaya nagbasa ako at eto nakuha ko:

exchange rates can be:
1. fixed - set by government (single value or range)
2. variable - set by supply & demand within the forex market (banks, forex retailers, investors, companies, investment firms, etc.)

examples:
1. fixed (chinese yuan, indian rupee, etc.)
2. variable (philippine peso, japanese yen, u.s. dollar, etc.)

this means demand (people wants to have yen) for japanese yen in the forex market is low
demand (people wants to have USD) for u.s. dollars is very high in the forex market
demand (people wants to have peso) for philippine peso is higher than yen but less than that of u.s. dollar

currency is the PHYSICAL (printed or coined) money being circulated
currency does not include other forms of money
most money today are stored as electronic (balances within banks)
currency does not represent the total amount of money a country has

kaya hindi pwede i-base ang economy sa exchange rate