TECHNOLOGICAL INSTITUTE OF THE PHILIPPINES

COLLEGE OF BUSINESS EDUCATION

QUEZON CITY
REFLECTION PAPER

SIGNATURE
NAME OF STUDENT
ACTIVITY TITLE

Sharmaine C. Polinio
Article for the month of November
(Philippines: Peso weakens to over seven-year low )

SUMMARY OF

This last November the Philippines have accumulated the weakest value of peso since

CONTENT

April of 2009 which was PHP 48.96 and that the currency have already lost 4.3% of its
value since the beginning of this year. The value of Philippine peso continues to
depreciate due to several factors such as the current account surplus in the Philippines
has been narrowing and that the remittance growth slowed during this year. While some
says these problems regarding the value of the Philippine peso was also due to President
Rodrigo Dutertes administration policy uncertainties however as the Budget Secretary
Benjamin Diokno said, The peso skid is a result of the strengthening of the dollar more
than the weakening of the peso. As the Americans have already elected Donald Trump
as their new president this have caused the Southeast Asian markets to fall one by one
due to President Trumps massive infrastructure investments.

LESSONS LEARNED

There is a negative relationship between two countries currency. As I have

observed when the U.S Dollar increases its value, the Philippine Peso decreases
its value. In my own opinion, there might have been several factors why there is a
negative relationship among two different currencies but it can also be due to the
varying demand of the people and how these two countries can perform to draw

the interest of the people and provide a greater deal for their desires.

The value of the countrys currency can define the status of their economy. As I
have learned in our course, a countrys economy are both reflected through their
Gross Domestic Product and Gross National Product which may define the health
of a country. GDP and GNP can define the economy of the country because it
show the capability of the country to produce goods in terms of quality and
quantity that may attract the interest of other countries.

The rulers or leaders can only influence and guide the countrys economy but not
totally affect the actual performance of the whole economy. As what have been
already stated in the article and other articles, President Duterte and President
Trump only influence their people to perform well in the different fields that they
engage in they only influence them but the workers and the demand and even
supply affect the capabilities of each country.

What value did you

get from the

activity/article?

Competitiveness
I have gained the value of competitiveness in terms of career. From the article, I
realized that we can relate our careers to the current conditions of U.S.A and the
Philippines economic status where theres a huge gap between them. We all
know U.S.A is already a very powerful country but our country should not worry
but should strive harder to be as powerful and advanced as U.S.A.

Hard work
I have gained the value of hard work also in terms of my career. Being successful

like U.S.A isnt done overnight and they have worked hard for years to earn such
achievements. Just like in my career it is not possible that I just slept and then
when I woke up Im already an Architect because I should work hard to earn that
title and the skills that comes with being an architect.
ACTION PLAN
What specific
learning you have
acquired from the
activity/article that
you plan to apply to
your future career?

REFLECTION

Discuss briefly how

the activity/article

The article regarding the current condition of our economy which is reflected through the

contributed in your

current value of Philippine peso compared to the U.S Dollar made me realize that we

transformation to

need to strive harder to reduce the gap between the rate of the U.S Dollar and the

become a competent

Philippine Peso. Currently the Philippine peso is decreasing its value against the U.S

business student.

Dollar. As I have read the article, the rate of a countrys currency can also reflect the
health of the economy and the current value of Philippine peso against U.S Dollar only
shows how our countrys economy becomes unhealthy. Although in the article many
believed that the countrys leader define the capabilities of its economy I believed that the
they only influence and administer rules and guide their people for their own welfare and
also in my own opinion the current condition of the economy is reflected through the
performance of each and every worker in the country. As a student I may not gave such
importance these workers especially the ones I encounter with everyday such as the
service crews in fast food chains, the jeepney drivers and even the maintenance
employees in our school but they have worked hard to provide their familys needs to
survive and some of them might think that they only do small time jobs but they dont
even know that they also contribute to the countrys economic growth. After going through
the article and even reading other related articles to further understand the topic, I
realized that soon I would be also an employee and would finally be a contributor to the
countrys economic growth so I have to study hard and work hard not only for myself and
my family but also for the country and my fellow countrymen and hope someday will be
able to impart my knowledge to others for them to also help in building a healthier country.