The document questions whether exchange rate alone is an accurate indicator of economic success, as a stronger currency may hurt overseas Filipino workers by decreasing their wages. While a stronger peso has benefits for the Philippine economy, standard of living is proposed as a better metric that considers factors like wages and purchasing power. Examples are given of how exchange rates alone don't determine whether an economy is stronger than others, like Cuba versus the US or Papua versus the Philippines.

1. Does Exchange Rate Indicate
Economic Success?

2. Why Philippine government
leaders, usually, look at
exchange rate as indicator of
economic success?

3. Do you think
Cuba is
economically
successful
compared to
US?
Do you think
Papua is
economically
successful
compared to
Philippines?

4. Do you think
South Korea is
economically
less successful
compared to
Philippines?
Do you think
Japan is
economically
less successful
compared to
Philippines?

5. Well, Increasing or strengthening
the Peso equivalent will have a
positive impact to Philippine
economy but it will hurt the
Overseas Filipino Worker

6. Standard of Living must be the
Indicator