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

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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