[LinP3] Re: Which is better to have in the Philippines: U.S. dollars or Euros?

Check out FXE

http://finance.yahoo.com/q?s=fxe

The Euro is on a tear!

--- In LivingInThePhilippines3@yahoogroups.com, "Veltisezar Bautista"
<bookhaus06@...> wrote:
>
> 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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