In the end...you have converted twice, and have paid
two currency exchange fees. Unless you are holding
for the long term, it does not make sense. Just do
one currency conversion.
--- Veltisezar Bautista <bookhaus06@yahoo.
> 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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