Friday, January 19, 2018

Low conversion rate

If you are a Canadian or Canadian resident vacationing here in the Philippines, you will feel sad because the value of your dollars is (still) low and very much lagging to its US dollar counterpart.

As of last January 14, CAD1.00 is only equivalent to Php38.44. Obviously, hindi pa rin nakakabawi talaga ang Canada from its economic crisis in the past years. Pero kahit paano nag-improve na, dati umabot pa sa Php31.00-32.00 lang ang conversion eh.


TIP: If you are going to the Philippines and will, of course, be spending money here, better send money through remittance na lang to a bank account here. Mas mataas ang conversion kaya mas malaki ang value ng dollars mo kahit na magbayad ka pa ng remittance fee.

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