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Old October 9th, 2019, 05:21 AM   #241
TambayBlues
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Quote:
Originally Posted by NE Visionary View Post
Exchange rates. Weak peso = smaller economy in dollars. Plus, low inflation = smaller increase in nominal GDP.
That's strange coz the table below says the Peso appreciated against the US Dollar by 4.93% while Singapore and Malaysia's respective currencies only went up by 1.81% and 1.78% respectively while the Thai Baht suffered a -0.73% decline. Must be something else. Outdated data perhaps.

Performance of Currencies against the US Dollar in 2018
http://statisticstimes.com/article/p...ncies-2018.php

Last edited by TambayBlues; October 9th, 2019 at 05:29 AM.
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Old October 10th, 2019, 06:22 AM   #242
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Quote:
Originally Posted by TambayBlues View Post
That's strange coz the table below says the Peso appreciated against the US Dollar by 4.93% while Singapore and Malaysia's respective currencies only went up by 1.81% and 1.78% respectively while the Thai Baht suffered a -0.73% decline. Must be something else. Outdated data perhaps.

Performance of Currencies against the US Dollar in 2018
http://statisticstimes.com/article/p...ncies-2018.php
You read the table wrong. The peso depreciated by almost 5%, compared to the rest of ASEAN except Indonesia.
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Old October 11th, 2019, 05:22 AM   #243
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You read the table wrong. The peso depreciated by almost 5%, compared to the rest of ASEAN except Indonesia.
I read it correctly as it was presented. If a Currency against the Dollar depreciates %Change should be negative instead of positive. If it appreciates it should be positive. Like when property values "appreciate" you normally see a positive figure not the other way around. But the table's data had it reversed.
The author's intent was misleading.

The title should also reverse the reference currency and instead should be Performance of the Dollar against Other currencies.

Last edited by TambayBlues; October 11th, 2019 at 05:43 AM.
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Old October 11th, 2019, 08:52 AM   #244
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Quote:
Originally Posted by TambayBlues View Post
That's strange coz the table below says the Peso appreciated against the US Dollar by 4.93% while Singapore and Malaysia's respective currencies only went up by 1.81% and 1.78% respectively while the Thai Baht suffered a -0.73% decline. Must be something else. Outdated data perhaps.

Performance of Currencies against the US Dollar in 2018
http://statisticstimes.com/article/p...ncies-2018.php
PH Peso depreciated against USD based on the table:

Dec. 31, 2018, P52.49 = US$1
Dec. 31, 2017
or January 1, 2018, P50.02

Depreciated by 4.9%

Yes, I agree that the % shown should be negative for depreciated currencies instead of positive. It could mislead the readers.
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Old October 11th, 2019, 01:28 PM   #245
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Originally Posted by RonnieR View Post
PH Peso depreciated against USD based on the table:

Dec. 31, 2018, P52.49 = US$1
Dec. 31, 2017
or January 1, 2018, P50.02

Depreciated by 4.9%

Yes, I agree that the % shown should be negative for depreciated currencies instead of positive. It could mislead the readers.
The chart's correct. The reference is the US dollar so it's the inverse. Though it could be confusing at times.
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Old October 11th, 2019, 05:57 PM   #246
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The title is misleading "Performance of Currencies in 2018 against the USD". It should read "Performance of the USD in 2018 against other currencies."

It is obvious that the peso value went down in 2018, thus negative (-)4.9% compared to the USD.
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Last edited by dexter06; October 11th, 2019 at 06:03 PM.
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Old October 12th, 2019, 12:25 AM   #247
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Originally Posted by dexter06 View Post

The title is misleading "Performance of Currencies in 2018 against the USD". It should read "Performance of the USD in 2018 against other currencies."

It is obvious that the peso value went down in 2018, thus negative (-)4.9% compared to the USD.
Ah right, wrong title.
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Old October 13th, 2019, 10:23 PM   #248
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World Bank forecast for PH economy dims, falls to 5.8% GDP growth

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The World Bank is tempering its growth forecast for the Philippines to 5.8 percent in 2019, below the government target and largely because of the combined effects of global trade worries, slow government spending caused by the delayed national budget and low absorptive capacity.
Read more: https://business.inquirer.net/280713...#ixzz62GeOFE4w
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