how does currency fluctuations affect the increase in oil prices especially in the philippine economy?
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This entry was posted on Tuesday, March 18th, 2008 at 10:05 am and is filed under Currency Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
March 18th, 2008 at 10:05 am
If the price of oil is steady and the peso appreciates, the cost of importing oil becomes cheaper.
over the last few months, price of oil increased quite a bit however this was negated by the appreciation of the peso.