Foreign Exchange Rates

I didn’t expect changing my Philippine pesos to Malaysian ringgits and Singaporian dollars would make me feel a little sad about the economic state of my home country. Imagine, the value of our currency is way below those of the two. As our currency continues to fall, those of our neighbor countries continue to be strong and stable.

No wonder, more and more Filipinos are trying hard to work abroad where they could earn foreign currencies that their families could exchange for higher rates in Manila. It’s a sure fire way to solve their financial problems and bolster their credit repair efforts. But as promising as it sounds, there are sacrifices that need to be made. The overseas Filipino worker has to stay in a foreign land away from his family.

If only we can turn back time and undo past mistakes, then maybe our currency isn’t as pitiful as it is today. Oh well, the sad realities of life.

Leave a Reply

Your email address will not be published. Required fields are marked *