Today, the PayPal exchange rate for the US dollar has dropped to Php 41.01 (Huhuhu ). As much as I would like to say that it is Peso that has grown stronger, I am more convinced that the Dollar is just growing weaker and weaker everyday since last week.
It would have been nice if the rising Peso would have brought rollbacks in prices but unfortunately, it didn’t. Filipinos who earn from Foreign-based clients (like me) suffer from both the steady decline of the exchange rate and the ever increasing prices of commodities. I hope everything gets better soon despite the fact that the United States is still in crisis and there is also an increase in the number of Americans living in poverty.