for the last year or so, contract workers has been feeling the effect of the so called stronger peso.... compounded by the weakening of the dollar, and the increasing oil price contract workers really has to tighten their belts, including their dependents back home...
i still remember the time when we used to get 55 pesos to a $ barely a year ago... now the Forex is now down to 41.50 to a $.... imagine that is almost 25% reduction on the value of what we are sending home....
so for us here overseas, we have to try and find ways to keep the remittance enough for the family's needs... the odd thing is the prices of the commodities are not going down.... worst is the prices of commodities here is increasing as well...
at least we are still able to send remittance home...
Saturday, April 12, 2008
stronger peso....
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1 comment:
right. just think positive. lol.
i still want to work abroad. mas mahirap pa rin buhay dito sa Pinas. =[
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