THE current trend by which our peso is performing as against the dollar, has been noted by economists as excellent, very promising and most importantly, beneficial.

To quote a news source at Inq7.net, posted September 5, 2006:

“The peso Monday touched a four-year high of 50.475 to the dollar before closing at 50.48, bolstered by strong foreign buying of stocks and bonds and the increasing likelihood that the Federal Reserve Board will keep US interest rates unchanged for the remainder of the year, currency traders said.

The end rate, up 25.5 centavos from Friday’s 50.735 to the dollar, is the strongest closing rate since July 22, 2002.”

From the economist’s point of view, this is indeed a promising statistics. The improving status of the Philippine peso is one indication that further inflation rate will be prevented, thus placing our economy at a better standing.

Yet, what is the real significance of all these figures - percentages, highs and lows of trading - to the common people? Will their lives be DIRECTLY benefited with these statistical data? Will the prices of basic commodities become more affordable when the peso rate goes down? And assuming there are benefits - until when will this improved peso status last?

For all we know - since most Filipinos have family members and relatives working abroad and earning dollars, many of them are not pleased, but instead dismayed with the going down of peso rate vis-a-vis the dollar.

Admittedly this attitude by many of us shows ignorance on the implication of a stronger peso. But the peole are tired of just figures presented before them. If truly there are benefits, the people want them to be real, direct, actual, immediate and translated to their day to day living. After all, they can’t just sit before their dining tables with blank stares at dried fish and tomatoes, and be thankful that indeed the peso rate is improving for their benefit!