The question is not what has happened to the $ and the Euro but what
will happen? When you can figure that one out then you will know what
to do. Also, if you go with the Euros you're going to have 2
conversions so you'll want to be sure you want the Euros before you
go that route.
TJ
--- In LivingInThePhilippi
<bookhaus06@
>
> Which is better to have in the Philippines: U.S. dollars or Euros? I
> have been thinking of converting my U.S. dollars into Euros, and
then
> converting them later into Philippine pesos. Why? Because the Euro
is
> more stable than the U.S. dollar.
>
> In reviewing the charts (currency conversion on the Yahoo.com site),
> it seems that for the past months or a year, the U.S. dollar has
lost
> about 8 pesos, and the Euro has lost only about 6 pesos. I don't
know
> if I am right or wrong in my assumption.
>
> Or maybe, for short term speculation, it's not advantageous to
convert
> U.S. dollars into Euros, converting them later into pesos. How about
> for a long-term safekeeping? Has anyone of you tried converting U.S.
> dollars into Euros, and later converting them into pesos? Is it
worth it?
>
> Yes, the question is: Which is better to have in the Philippines:
U.S.
> dollars or Euros?
>
> Just an idea,
>
> Veltisezar "Velty" B. Bautista
>
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