Is this a math question or not?
If the FOREX was 47:1 then and now 43.5:1 has the USD lost value or has the PhP gained value or both? Does inflation play a role and/or is it supply and demand issue?
The PhP is the larger of the two in both cases. It is the approximate rate early in 2009 to the present time. It looks to me that my dollar will not buy as much now as before. For a $2000 + monthly income, it took a big hit.