Peso Devaluation and the Side-Effects – cheaper hotels in caraga, and others

Caraga hotels are much cheaper whose accommodation in Las Vegas is at par, due to peso devaluation in recent years. If you are from America or Europe the currencies such as euro and dollar are making big waves against Philippines peso. This in turn makes the peso weak, and resulted to devaluation. Devaluation of peso will affect the value of any products and services. In my own analysis it will simply increase the price of importation products and the lower value of prices of exportation products.

The Law of Supply and Demand is the most fundamental basic of economics. Since currencies manipulation in the market are getting high and having a backlash, then I will consider the Law of Supply and Demand is freezing at this moment since the forces that make currencies in the market unstable from time to time. This will make prices jump high without notice. While the foreign markets tend to be benefitted from the currency explosion, it makes them to become a powerful asset in terms of exportation of our own products.

In my own country the Philippines, we survive the economic plague brought about the peso devaluation due to the increased demand of exports, tourism industries, and the remittances of our OFWs. This is the key to victory. This is a square-off to manage economic onslaught from time to time when peso slides to its lowest level.

Like the in-demand products of agricultures, electronics, and minerals, these things will become the top assets in Philippine exports because of being a lower price compare to other competing countries.

And, of course, tourism is also a key to economy. Yes, foreign visitors love them coming to Caraga to explore natures. Products and services in a hotel where they stay are the most in-demand in tourism for being such affordable in prices like the demand of cheap hotels in Toronto and accommodation in Las Vegas. You can not keep yourself away from the beauties that have shown here, and have a great escape.