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Friday, September 3, 2010

MONEY PESO-DOLLAR ( MAREVIC)

Images of old Philippine Money





Images of New Philippine Money





















The Philippine Peso Dollar Exchange Rate Review

On November 8,1965, the decontrol program was completed and the peso was devalued to P3.90 to a dollar.

On   February 21,1970, the Philippines adopted the floating rate system with the first interbank guiding rate subsequently determined at P5.6282 to US$1.00 on February 24,1970.

The peso's exchange rate experienced two hefty depreciation in 1983: from P10.083 per US$.00 in May to P11.0015 per US$1.00 in June (9.1 percent) and from P11.002 per US$1.00 in September to P14.002 per US$ 1.00 in October (27.3 percent).

After June 1984,when the peso depreciated by 28.6 percent from P14.002 to P18.002, the peso thereafter settled at P19.97 at the end of 1984 and appreciated by 7 percent to P18.4 in January 1985.

In early 2007, it had gone to something like 56.00 pesos to a Dollar! As of now the exchange rate hoovers at around 47.00 pesos to a dollar.

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