The peso rate

PESO RATE. After reading the newspaper headline that said: "Peso drops to five-year low," an OFW wife who runs a sari-sari store in Punta Princesa, Cebu City, called up an Ear informer, a journalist neighbor, to ask: "Sa ato pa, modaghan pa gyud ron ang ilis sa dolyar nga madawat ko gikan ni (name withheld) nga nagtrabaho sa Saudi?"

HAPPY. It has been observed by many that when the peso exchange rate against the dollar drops, most dependents of OFWs earning dollars abroad are happy and give the peso the thumbs up so to speak. This even the economic experts understand.