Great rate! Specially for the family of overseas worker here from UK. And of course for some fiancée and spouses...lol
Oh I see, it was 96F!! Far too hot to get married in that heat, no wonder you had to rip your clothes off
I was going to post a new thread but then I realised that this one was recent. The recent drop in exchange rate follows the now familiar pattern every year, one that is reciprocally matched by increases in air fares, it is clear that the reason this happens every year is the huge influx of foreign currency into the Philippines in remittances from OFW's at Christmas and of course the tiny number (in comparison) of Western-Filipino relationships and marriages. The flights go up in price because so many Filipino's come home at Christmas and the currency goes down because so many Filipino's send vast amounts of money back to family at Christmas and come home and spend/convert foreign money at home. I suppose we just have to get used to it, this is not going to stop happening, other influences are the still static very low UK interest rates, if our rates increased then the pound would go up but it's been signalled that is not going to happen for quite a while yet, hopefully rates will improve from our point of view in the early new year, but at least they are still much better than last year.
GBP has dropped quite a bit against USD, four months ago it was almost 10% higher. I was getting 1.69 at my money changer last time I was here in Phnom Penh in July, today I only got 1.55. Doing quite well against EUR at the moment though. Important thing is to minimise the bank / agent charges wherever you are. Use a decent money changer rather than an ATM.
