Dollar Drops down as of August 2011
Labels: Events
I remembered last year on the month of May - July 2010, The dollar stay on $1 - 46.70 or something and when i received a money from my sister from USA as DOH for the amount of $200 and when it converted to our money (peso) it cost 9,340 pesos. Wow it's a big amount for me so i can buy my favorite food, pay for a bill etc..
But as for last and this month and $1 - 41 up to 42 and again 41 pesos.. so frustrated for super drops amount, what happen? well honestly i can't really understand what are the basis of forex exchange but $200 equals 9,340 for last year and now 8,200 only... What??????? i got almost 1,140 lost on my pocket!. it's a big amount of pesos for 1,140 lost on me, so i research from other website the calendar of dollar rates so that i can understand and monitor the breath of dollar to peso.
This is for August 1- 25 calendar:
8/1/2011 Monday 41.80370 PHP USD PHP rate for 8/1/2011
8/2/2011 Tuesday 42.13150 PHP USD PHP rate for 8/2/2011
8/3/2011 Wednesday 42.12150 PHP USD PHP rate for 8/3/2011
8/4/2011 Thursday 42.50954 PHP USD PHP rate for 8/4/2011
8/5/2011 Friday 42.21468 PHP USD PHP rate for 8/5/2011
8/6/2011 Saturday 42.58944 PHP USD PHP rate for 8/6/2011
8/7/2011 Sunday 41.95003 PHP USD PHP rate for 8/7/2011
8/8/2011 Monday 42.80461 PHP USD PHP rate for 8/8/2011
8/9/2011 Tuesday 41.98330 PHP USD PHP rate for 8/9/2011
8/10/2011 Wednesday 42.60759 PHP USD PHP rate for 8/10/2011
8/11/2011 Thursday 42.42906 PHP USD PHP rate for 8/11/2011
8/12/2011 Friday 42.63836 PHP USD PHP rate for 8/12/2011
8/13/2011 Saturday 42.67122 PHP USD PHP rate for 8/13/2011
8/14/2011 Sunday 42.54208 PHP USD PHP rate for 8/14/2011
8/15/2011 Monday 41.95973 PHP USD PHP rate for 8/15/2011
8/16/2011 Tuesday 42.44410 PHP USD PHP rate for 8/16/2011
8/17/2011 Wednesday 42.44474 PHP USD PHP rate for 8/17/2011
8/18/2011 Thursday 42.49240 PHP USD PHP rate for 8/18/2011
8/19/2011 Friday 42.64995 PHP USD PHP rate for 8/19/2011
8/20/2011 Saturday 42.39084 PHP USD PHP rate for 8/20/2011
8/21/2011 Sunday 42.48144 PHP USD PHP rate for 8/21/2011
8/22/2011 Monday 42.49894 PHP USD PHP rate for 8/22/2011
8/23/2011 Tuesday 42.29304 PHP USD PHP rate for 8/23/2011
8/24/2011 Wednesday 42.36891 PHP USD PHP rate for 8/24/2011
8/25/2011 Thursday 42.55278 PHP USD PHP rate for 8/25/2011
So maybe The Prices broke above resistance at the 23.6% Fibonacci extension level at 1144.55, stalling head of the 14.6% level at 1168.95. Continued gains through resistance expose the August 17 high at 1208.10. The 23.6% Fib has been recast as near-term support.. and I hope dollar will recover for it's integrity.