Forex Update

I am currently updating about Forex or foreign exchange. I just want to know from time to time the updates about money market. I guess I am not quite happy because Euro is very low again especially when converting it to Phil. Peso. Here are the forex update according to I just need three currencies this time. According to the conversion rate below, US dollar is getting stronger now compared to the past months. It also means that Euro is getting weaker compared to US dollar. Philippine Peso on the higher hand has a higher value this time when a Euro currency is being converted with it. I remember last November 2009 when 1 EUR had a value of almost P70 (Philippine Pesos) during my vacation in the Philippines.

US $1.00 = EUR 0.81296
US $1.00 = Phil. Peso P46.25

EUR1.00 = $1.22985
EUR1.00 = Phil. Peso P56.8763

I also checked the conversion rate in paypal. It seems that they offer lower conversion rate for example from Euro to Philippine Pesos.


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