Just a few weeks after I ranted about the peso's unprecedented strength, it seems like it is poised towards the PhP45 level. My slide to poverty seems imminent.
Yes, I'm officially poor. OK not dirt-poor, but poor neverthless.
Since I depend heavily on foreign projects, any drastic strength of the local currency does not bode for me at all.
I am forced to hedge the currency risk by immediately investing it in stocks, the returns of which are higher and which should compensate for the loss in purchasing value due the to the dollar weakness.
Yes, I'm officially poor. OK not dirt-poor, but poor neverthless.
Since I depend heavily on foreign projects, any drastic strength of the local currency does not bode for me at all.
I am forced to hedge the currency risk by immediately investing it in stocks, the returns of which are higher and which should compensate for the loss in purchasing value due the to the dollar weakness.
And then my Singaporean boss informed me they forgot to process my payment and which I have been expecting since last week. What in the world is happenning?
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