Quote:
Originally Posted by Perry Winkle
Um... doesn't that mean the peso is stronger, in terms of dollars, now than it was?
I'm confused. Previously you said that one peso will buy about $0.23 US, which is far from what you just claimed. (nm, I did the math and, according to the quoted post, a peso is worth about $0.023 US.)
Still, my confusion remains. 55 pesos per USD is about $0.018, which means that the Philippine peso is becoming stronger and/or the US dollar is becoming weaker (I know this part of things is true). The way you phrased things before led me to believe that they'd done something silly like value pesos in terms of dollars (i.e., pegged the peso to some index of USD).
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I'm not sure but it seems that your confusion is based on post #795. In that post I show a 10 peso note. Then in post #796, Zippy asks it's value, a 10 peso note and I reply $.23.
At 42 pesos to $1, 10 pesos is about $.23.
Or maybe it isn't. Whats your take on this?