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Author: Subject: PESO IS GOING FOR A DOWNHILL RIDE TODAY
rts551
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[*] posted on 10-15-2014 at 11:58 AM
PESO IS GOING FOR A DOWNHILL RIDE TODAY


Quote:
Originally posted by DENNIS
Right now:


13.5728 to 1 buck


So...Whats a buck? Did you get some pisos?
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DENNIS
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[*] posted on 10-15-2014 at 12:01 PM


Quote:
Originally posted by rts551
Quote:
Originally posted by DENNIS
Right now:


13.5728 to 1 buck


So...Whats a buck? Did you get some pisos?


I'm an ATM kinda guy. Just withdraw....never do the math.

You know what a buck is, Ralph. :light:




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greengoes
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[*] posted on 10-15-2014 at 12:46 PM


Woo Hoo I get almost 2 more of those tiny little silver coins you need a microscope to see what is written on them for my dollar.. They also make excellent shims for leprechauns and God's other smaller creatures.



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[*] posted on 10-15-2014 at 01:03 PM


It's not so much a weak peso but a very strong dollar against all currencies. At any rate, it's good for all of us that are buying pesos with dollars.
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DENNIS
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[*] posted on 10-15-2014 at 01:47 PM


Quote:
Originally posted by GregJackson
It's not so much a weak peso but a very strong dollar against all currencies. At any rate, it's good for all of us that are buying pesos with dollars.



Yeah...I don't get involved with the Peso's big world. I grew up with it when it was stuck at 8 cents US. That certainly has changed.




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rts551
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[*] posted on 10-15-2014 at 01:49 PM


Quote:
Originally posted by DENNIS
Quote:
Originally posted by GregJackson
It's not so much a weak peso but a very strong dollar against all currencies. At any rate, it's good for all of us that are buying pesos with dollars.



Yeah...I don't get involved with the Peso's big world. I grew up with it when it was stuck at 8 cents US. That certainly has changed.


sure has not helped the stock market though. win some... lose some

Still got some "old pesos" somewhere.

[Edited on 10-15-2014 by rts551]
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StuckSucks
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[*] posted on 10-15-2014 at 02:13 PM


13.54



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[*] posted on 10-15-2014 at 02:57 PM


Quote:
Originally posted by DENNIS
Quote:
Originally posted by GregJackson
It's not so much a weak peso but a very strong dollar against all currencies. At any rate, it's good for all of us that are buying pesos with dollars.



Yeah...I don't get involved with the Peso's big world. I grew up with it when it was stuck at 8 cents US. That certainly has changed.


hasn't changed much, peso today is worth 7.3 cents US
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greengoes
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[*] posted on 10-15-2014 at 03:07 PM


Quote:
Originally posted by mtgoat666
Quote:
Originally posted by DENNIS

Yeah...I don't get involved with the Peso's big world. I grew up with it when it was stuck at 8 cents US. That certainly has changed.


hasn't changed much, peso today is worth 7.3 cents US


About four of these teeny silver things -




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DENNIS
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[*] posted on 10-15-2014 at 03:08 PM


Quote:
Originally posted by mtgoat666
[hasn't changed much, peso today is worth 7.3 cents US



Yeah...but it's no longer frozen. That was kinda my point.




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[*] posted on 10-15-2014 at 03:11 PM


Quote:
Originally posted by greengoes

About four of these teeny silver things -



it's my understanding that it's a constitutional requirement that we have the penny.
I wouldn't be surprised if Mexico had the same requirement for these coins.




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[*] posted on 10-15-2014 at 03:14 PM


got 13.24 pesos to the dollar when I hit the ATM today in Loreto. that includes the small MX bank fee, no charge from my USA institution...



reality\'s never been of much use out here...
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[*] posted on 10-15-2014 at 03:36 PM


Thanks Roberta, that is the only figure that counts, whatever you get from the magic machine, not what the computer says.




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[*] posted on 10-15-2014 at 03:47 PM


In 1986 we home schooled our three boys their second semester, left Anchorage the first week of February, and drove down the west coast to Cabo. We then took the Ferry from La Paz to Mazatlan and drove down to Ziuataneo (sp?) and worked our way north arriving back in Anchorage in May (fishing time).
When we crossed into Mexico, the Peso was about 160 to the Dollar. When we left, it had fallen to about 350 to one! Prices could not rise fast enough to keep up, so Mexico was on Sale big time!
I don't think I could have spent the winter in Anchorage for what we spent on that Vacation that my boys will remember for the rest of their life.
We even made a positive exchange every time we used plastic, paying back less than we spent.
Those were the days!
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[*] posted on 10-15-2014 at 03:51 PM


Watch the futures markets overnight. There was a mid day correction that gained back about 2/3 of the losses today. The futures may indication that the correction will continue.

Tomorrow COULD be the day that tells us whether we have reached a bottom in US stocks (aka, a buying opportunity, INVESTORS!!!).

This bump in the dollar is all about fear fleeing to the dollar. I think it will be short lived. I think the yield on the 10 year note hit 2.00 % today. That's probably a multi-year low.

But, it's a good time to use that ATM tomorrow. Rates are generally set by banks from the previous day. Drain that sucka!!!!
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[*] posted on 10-15-2014 at 03:53 PM


I think I still have some un centavo coins around somewhere.



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[*] posted on 10-15-2014 at 05:46 PM


One of my basic tenants in life is to stock up on stuff that I regularly use when it is on sale. The peso has been on sale since the end of Sept. and we are buying like we would if beer were two bucks a six pack.



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[*] posted on 10-15-2014 at 06:29 PM


Quote:
Originally posted by weebray
One of my basic tenants in life is to stock up on stuff that I regularly use when it is on sale. The peso has been on sale since the end of Sept. and we are buying like we would if beer were two bucks a six pack.


como no :bounce:
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[*] posted on 10-15-2014 at 07:33 PM


Love these discussions...In April I came back to the US for medical reasons...I had 5 500 peso notes in my wallet...they are still there, neither gained nor shrunk...



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[*] posted on 10-15-2014 at 10:16 PM


Carlosito, i'd gladly pay you Tuesday for a hamburguesa today.... :lol:



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