dmer
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exchange ate
Yes,
A total math idiot. For example, I spent more money at the tolls than I will ever admit.
I decided to stay at Jardines for two more days. Low on dollars and pesos, I paid for on night $30. USD and the second night I paid in pesos 600.
Which was the better deal?
(will look for calculator today.)
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BajaBill74
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At 18.15 to one, 600 pesos is 33.05 dollars.
What I'm doing at work is so secret, even I don't know what I'm doing!
One should believe in God, because even Google doesn't know everything.
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David K
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It was 18.50 pesos per dollar last week. It all depends on what you paid for the pesos. Look at the receipt (if you got them at an exchange house).
600 divided by 18.50 = US$32.43.
The toll booths are cheap, no matter if you pay in pesos or dollars.
The three tolls to Ensenada were (in dollars) 1.80, 1.80, 1.95.
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SFandH
Elite Nomad
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bookmark this link:
https://www.google.com.mx/search?q=dollars+to+pesos
just enter a value in one box and see the equivalent in the other
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del mar
Banned
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hit the bank ATM and load up on peso's and ignore the conversion jazz.
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BornFisher
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Load up on pesos in San Quentin. Below El Rosario the exchange rate drops to like 16 to 1 at some places.
"When you catch a fish, you open the door of happiness."
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StuckSucks
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Howard
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Using my ATM card in Loreto 3 days ago I netted 17.88 to the $.
My suggestion is to get at least several hundred dollars worth of pesos and that gives you one less hassle to deal with and then concentrate on the
fun things in Baja.
[Edited on 6-21-2017 by Howard]
We don't stop playing because we grow old;
we grow old because we stop playing
George Bernard Shaw
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sancho
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The SY cambios today, buying dlls at 17.73. Noticed many
San Felipe retail places taking dlls at 18. One would have
to do some noticeable transactions to see a few centavos
difference
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del mar
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some get a little nutty about it.....take out a hundred bucks worth of peso's and the difference between 17=1 and 18=1 is two bottles of beer at the
cantina 
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Bob and Susan
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lets do the math...
17x100=1700
17x100=1800
difference
1800-1700=100
beer then =50 pesos each
the price of beer has really gone up
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del mar
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Quote: Originally posted by Bob and Susan  | lets do the math...
17x100=1700
17x100=1800
difference
1800-1700=100
beer then =50 pesos each
the price of beer has really gone up
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I suppose it depends on the cantina you choose! 
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willardguy
Elite Nomad
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 who said Bob can't do arithmetic! $2.75 for a beer! highway robbery you
whippersnappers!
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chuckie
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Its chump change...Enjoy Baja..fuggedaboudit...
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Bob and Susan
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damn...if they ONLY sold miller light here...
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MitchMan
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The exchange rate keeps going down, that is, the peso is gaining strength against the USD. Beer prices haven't moved, however over the last several
months. Unfair!
While in Baja, I drink Pacifico clara. I can get it for $13 pesos per 12 oz bottle. Started buying cans when it is cheaper than the trade-in bottles
and putting a couple of beer mugs in the freezer chest. Pouring a cold can of Pacifico in a super chilled thick mug tastes almost as good as out of
the bottles. That's my hedge on the exchange...Pacifico in cans.
I track the MXN/USD rate every day. It used to be that when the price of a barrel of oil went down, the peso would get weaker against the USD and the
exchange rate would go up (peso getting weaker against the USD). That was the most significant long term effect on the exchange rate. Not so for the
past several months. The only thing that I read about the explanation of the ongoing recent gaining of strength of the MXN is that the Mexican fear
of Trump's Presidential trade policies concerning Mexico is waning. That is another way of saying that a significant factor of the exchange rate and
early loss of strength of the Peso was in significant part due to fear of what the Trump Presidency would do to trade between Mexico and the US.
The Mexican government used the buying of pesos with USD last year to halt and retard loss of strength of the peso. That only worked in the short
term. The Mexican govt doesn't have enough USD in their treasury to continue doing that.
3 years ago oil was $105.71 per barrel and the MXN/USD exchange rate was 12.97. In January 2017 oil was a $53.59 and the MXN/USD rate was at a high
of 21.92. So, as the oil prices dropped, the peso lost a lot of strength. Makes sense. HOWEVER, today, WTI at $43.33, and the peso is at about 17.9.
Since January of 2017, the price of oil has dropped 19% but the strength of the peso has increased by over 22%. Vectors going the wrong way.
What is worse, the price of meat and beer in pesos has gone up to reflect the higher exchange rates (weaker peso) in January of this year, but now
that the peso has gained 22% strength against the USD (rate dropping from 21.92 to 17.9), the prices for meat and beer have not dropped in pesos. An
outrage I tell you!.
[Edited on 6-26-2017 by MitchMan]
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Bob and Susan
Elite Nomad
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that sounded good so I looked...
the graph doesn't support the claim the peso is tied to crude oil prices...
too bad
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MitchMan
Super Nomad
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Bob and Susan,
I'll fast forward...your graph reflects too short a time period to show the real correlation. You picked only the recent 5 or 6 months when I was
speaking of much longer period. If you pick too short a period as your graph depicts, you will only see fluctuations, not a trend.
My graph below shows the trend. Notice that the first dark vertical (scribbled) line at about the beginning of June 2014 and for the prior 2 years
the price of oil and the MXN/USD rate stayed at flat same level, then, at the vertical line in June 2014 the MXN/USD rate started to climb at the same
time the oil prices started to decline. Also, look at the overall price decline of oil from June 2014 to today, $110 to $43 and compare the increase
of the MXN/USD rate from June 2014 to today, 13.0 to 17.9. That defines an undeniable trend and "correlation"; as oil prices go down, the MXN/USD
rate goes up; a down-up correlation/trend.
Actually, if you look at June 14 to January 2017, the trend is even more firm: oil $110 to $53 and MXN/USD 13.0 to 21.9.
My first post was specifically directed to the last 5 months where that 'short term' activity went directly against the longer trend, that is, oil
prices went down from $53 to $43 yet the MXN/USD went down as well from 21.9 to 17.9 today. That reflects a short term yet significant "down-down"
movement.
Terminology: I didn't say that the exchange rate and the price of oil were "tied" to each other. In currency exchange parlance, tied and correlated
are different. Tied generally means always and forever "fundamentally" linked and that one affects the other in a very direct way (one may even be a
component in the other). But, correlation usually means that two things happen to move together but are not as inherently directly linked to each
other as in being "tied", but "may" be indirectly connected to varying degrees of connection. It's a matter of degree.
If the MXN/USD rate were really directly tied to the price of oil you generally would not have the departure that I pointed out for the last five
months to the previously established trend.
In my non-professional opinion, I do think that the price of oil and the exchange rate are definitely correlated in the long term. I just don't
understand why the departure is so pronounced in the last 5 months. However, over the last 3 and 5 years, even with the exchange rate at 17.9 today,
the correlation of down-up (oil-MXN/USD) holds overall.
[Edited on 6-27-2017 by MitchMan]
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willardguy
Elite Nomad
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Imagine that...same thing WSJ says.
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Bob and Susan
Elite Nomad
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I don't see it...cant invest
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