In addition, you will have to forecast two unknowns: (1) US dollar
and euro relationship and (2) euro and peso relationship.
Hard enough to forecast one of the unknowns, let alone two.
--- In LivingInThePhilippi
<rademamj@..
>
> 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@
>
> > 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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