Philippine Peso Pushes Sticking Point.

The Philippine Peso closed today at 51.02 with a range of 50.967 - 51.040 this is approaching its 52 week high at 50.970.

This is against the US Dollar, so lower values indicate more valuable Pesos. The peso has been steadily climbing against the US Dollar, its 5 year low is something between 56 and 57 to the $.

The Philippines is a nation starving for capital. When in the Philippines, it was quite common to see banks offering 15% interest on peso accounts (minimum term and deposits required but the minimum deposit was not outrageous for those used to American incomes) which means your money is doubled in five years (rule of thumb is to divide 72 by the interest rate offered to determine the term to double your money). Of course, those rates carry default risk as well as currency risk, however I am bullish on the Peso and IMO it wouldn't cost to much to buy puts enough to cover a loss due a political collapse.