Philippine peso expected to depreciate to 45 to a dollar by yearend

This is good for OFW’s but I doubt it. Maybe it will be between 43 and 43.50.

What depreciation? As long as the peso is not down to at least 55 to the dollar, it is still very overvalued compared to its local purchase power. And with a much lower value, nearer to reality, investors and tourist would flock in. Look at tourist, Versailles Castle in France (10 million visitors) and other single places attract much more tourist per year than the whole
Philippines. And small Singapore also has much more visitors as RP. Even its currency costs more than the peso, its purchase power is so much higher that at the end Singapore is cheaper than RP.
But of course, powerful RP people and the government wants the peso high for to get the remittances cheaper and to buy dollers cheap. RP is the only country where economy is “boosted” by pushing up its currency, all other do it rather by depreciation. Here, the economy is “good” when there are more billionaires, not when the common people can live better.
Look at the “most gaining” new RP billionaire (in dollars), he owns a part of the National power grid for which we pay at every power bill “for transmission” after it was privatized. Just for his part he earned last year 900 million dollar (40 billion pesos. And it is going up, my power bill has just increased more than 1500 pesos for the same kilowatt.
Really a straight path, pro poor of course.

Do not believe these “self appointed expert” that our peso will devalue. The BSP has lost 37 billion dollars defending our peso against outside interference. This is quite a big amount. Why in the first place should our government engage on money market? That is not their function. Now, that 37 billon dollars could have brought a long way to help our marginalize poor especially the informal settlers if only our government uses their coconuts. What they should have done is let the peso seek it’s true value.
Kawawa palagi ang taong bayan sa mga kapalpakan nitong nasa gobyerno. It is we, the ordinary people who gets the brunt of their mistakes. Look what happen to the “Ongpin” scum in which he borrowed millions of dollars from our BSP, bought the Philex mining share of the BSP and then sold it to Pangilinan at triple the value. BSP could have earned billions of pesos more if they were the ones who sold direct to Pangilinan. Same thing happened to the Philex mining share of SSS. Ongpin bought it at a low price then subsiquently sold it to Pangiinan at a very high price. Ongpin is quilty of inside trading. Guess what, the Senate and the OMbudsman is foot dragging the case. By the time this case is resolve, Ongpin will have diverted the billi0ns of money, our government could no longer reclaim it.