And the Dom Perignon goes to...

The winner of the FinanceAsia.com ôPredict the Pesoö contest isà

Not so fast. Before that, let us give you the background of our contest.

FinanceAsia.com posted a web-based survey predicting the Philippine pesos closing price for November 30, 2000. We received 117 entries with 43% coming from Hong Kong, 33% from the Philippines, and 21% from Singapore. A few were from other Asian cities. Three percent were from Europe and 2% from the US.

The voting closed on November 10, 2000. At the time, the closing price of the peso at the Philippine Dealing System PDS was Ps50.200 to the US dollar. The weighted average was Ps49.661 as confirmed by Maximo Quinto of the Bankers Association of the Philippines....

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