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Author: Subject: Google says 18.8 pesos per dollar
SFandH
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[*] posted on 6-17-2016 at 03:54 PM
Google says 18.8 pesos per dollar


Getting real close to the old days when a peso was worth a nickel.

What’s Behind the Volatility of Mexico’s Peso?

March 2016

http://knowledge.wharton.upenn.edu/article/whats-behind-the-...
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Bruce R Leech
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[*] posted on 6-17-2016 at 07:27 PM




What’s Behind the Volatility of Mexico’s Peso?

bad government




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rts551
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[*] posted on 6-17-2016 at 09:06 PM


Was over 19. Visa purchases just in time.
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bajagrouper
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[*] posted on 6-18-2016 at 04:34 PM


Quote: Originally posted by SFandH  
Getting real close to the old days when a peso was worth a nickel.

What’s Behind the Volatility of Mexico’s Peso?

March 2016

http://knowledge.wharton.upenn.edu/article/whats-behind-the-...


When were the good old days when the peso was a nickel?




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SFandH
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[*] posted on 6-18-2016 at 04:39 PM


1975 or so, I think.
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DENNIS
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[*] posted on 6-18-2016 at 04:44 PM



When it was frozen, it was 8 cents. Never saw the nickel rate.




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AKgringo
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[*] posted on 6-18-2016 at 04:48 PM


When we crossed the border heading south in February 1986, it was about 180 pesos to the dollar. When We crossed heading north in early May, it was about 350!

Numbers are approximate, because it was changing by the hour. Greenbacks went a long, long way back then.




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SFandH
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[*] posted on 6-18-2016 at 05:26 PM


This chart shows 20.50 pesos per dollar; i.e., 1 peso = a nickel on 1 September 1976. At least I think that's what it shows.

http://www.banxico.org.mx/sistema-financiero/material-educat...
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DENNIS
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[*] posted on 6-18-2016 at 07:03 PM





During this devaluation period between the release of the frozen Peso
[ 12.5 to 1] and the NP, prices fluctuated to keep up with deterioration of the Peso. There were very few bargains as I recall, the Peso being over 3000 to 1 before The NP was put in place. It was like the old Yen. Nobody in the world would touch disintegrating currency.


http://www.countdowntomexico.com/forum/viewtopic.php?t=190




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StuckSucks
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[*] posted on 6-19-2016 at 07:20 AM






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[*] posted on 6-21-2016 at 05:40 AM


I just bought from Bank of America for 18:1. I thought that was a pretty good purchase price.
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