BajaNomad - Dollars to Pesos

Dollars to Pesos

bajabif - 1-4-2009 at 08:56 PM

Is this not great for us that live off the dollar! Almost 30-40 percent more buying power in Mexico. Is this a bad thing or could it be a bad thing? Anybody but CaboRon can answer. :biggrin:

bajabound2005 - 1-4-2009 at 09:33 PM

good for Americans, bad for Mexicans. Especially for those that have rent, etc, leases written in dollars....they are losing their spaces right and left. They earn pesos but have to pay in dollars. Works out to about a 30% increase. Store fronts are closing up, people having to move to new homes.

bajabif - 1-4-2009 at 09:36 PM

cash machine santander from BOA 13.75 today...what a beautiful thing. Noboby felt bad 4 me when the dollar was down to 9 pesos.

ckiefer - 1-4-2009 at 10:04 PM

Quote:

Originally posted by bajabound2005
good for Americans, bad for Mexicans. Especially for those that have rent, etc, leases written in dollars....they are losing their spaces right and left. They earn pesos but have to pay in dollars. Works out to about a 30% increase. Store fronts are closing up, people having to move to new homes.

Must be renting from gringos if the contract is written in dollars, no?

Bob and Susan - 1-5-2009 at 06:21 AM

my retirement is in dollars...thanks usa govt

i retired with 10 to 1

i got a 30% retirement income increase with this... :biggrin:

now...later...i may have to take a "pay cut" if the peso drops

Bajajorge - 1-5-2009 at 10:25 AM

With Pesos at 13.7 it makes it quite profitible to be in the Baja at present. Go to the bank and exchange $100US and get 13,700 Pesos. Take those Pesos to the local money exchange and cash them in for US Dollars at about 12.5, you get $125US back. Quite profitible. This all takes not even an hour. In San Felipe most of the Mexican vendors are still working on 10 to 1. Again, life's good in Baja.

bajabif - 1-5-2009 at 11:01 AM

BajaJorge, you must be going to the bank with a gun. Thats illegal. Or is your math just wrong? :?:

bajabif - 1-5-2009 at 11:02 AM

exchange $100US and get 13,700 Pesos. thats called bank robbery. even if you do give them 100 dollars :spingrin:

Dave - 1-5-2009 at 11:18 AM

Quote:

Originally posted by ckiefer

Quote:

Must be renting from gringos if the contract is written in dollars, no?

Regardless how the contract is written it is illegal to refuse payment in pesos.

BornFisher - 1-5-2009 at 11:18 AM

125 goesinta 13700 109.6 times. NOT 125 TIMES!!!!!

Hey Jethro

Dave - 1-5-2009 at 11:25 AM

Quote:

Originally posted by BornFisher
125 goesinta 13700 109.6 times. NOT 125 TIMES!!!!!

It's gozinta. :rolleyes:

mtgoat666 - 1-5-2009 at 12:11 PM

Quote:

Originally posted by Bajajorge
With Pesos at 13.7 it makes it quite profitible to be in the Baja at present. Go to the bank and exchange $100US and get 13,700 Pesos. Take those Pesos to the local money exchange and cash them in for US Dollars at about 12.5, you get $125US back. Quite profitible. This all takes not even an hour. In San Felipe most of the Mexican vendors are still working on 10 to 1. Again, life's good in Baja.

bajajorge,
you are a regular George Soros, eh? I think Soros has better math skills.
fyi, jorge, 13.7 x 100 = 1370
1370/12.5 = 109.6
p.s. don't quit your day job, doubt your currency trading is going to pay the bills

Bajajorge - 1-6-2009 at 09:55 AM

My math might be off,

but it's still a profit. I'm only a nickel and dimer, but I bet Soros or that other billionaire, ya know, the one with the funny hairdo started small too.

The Gull - 1-6-2009 at 09:27 PM

B-jorge, ignore those math wizards, keep drinking.

Bob and Susan - 1-7-2009 at 08:38 AM

i got 13.55 at the bank yesterday here in mulege

so gas is 2.07 a gallon
diesel is 1.97 a gallon

you forgot

mulege marv - 1-7-2009 at 08:44 AM

you forgot to tack on the 20% shortage. the pemex in mulege can put 12 gallons in a 10 gallon can, its amazing ! :lol:

[Edited on 1-7-2009 by mulege marv]

Bajajorge - 1-7-2009 at 11:05 AM

Quote:

Originally posted by mulege marv
you forgot to tack on the 20% shortage. the pemex in mulege can put 12 gallons in a 10 gallon can, its amazing ! :lol:

[Edited on 1-7-2009 by mulege marv]

How come that only happens at Pemex stations and not when I buy Tequila? And besides the damn worm is always dead. :?:

Keep drinkin? Hell yeah. :bounce:

tim40 - 1-7-2009 at 07:03 PM

I am certain there is a different position of the impact for every person in Mexico. I share with you that the business that I am 50% owner of in Mainland that deals only in pesos and has about 60% of gross income earned from Gringos is doing wonderful, thank you very much. My costs of business have NOT went up that much and thanks to the better than could have been dreamed of exchange rate we have 25% more business from this time last year.....sometimes volume is a wonderful thing. By the way, my partner and employees all natives are doing equally as well with the depressed peso. Where it would be a problem are those places that have just become part of South Los Angeles and tie everything to the dollar....much more common in Baja than Mainland....although my primary love will always be Baja.

Bob and Susan - 1-8-2009 at 07:07 AM

not on the NEW diesel pump

i was standing there when profepa stopped by
and did a suprise inspection

the diesel pump PASSED!!!

your can MUST have expanded the plastic in the HEAT

The Gull - 1-8-2009 at 07:42 AM

Quote:

Originally posted by mulege marv
you forgot to tack on the 20% shortage. the pemex in mulege can put 12 gallons in a 10 gallon can, its amazing ! :lol:

They pump metric gallons.

wrong

bajacow - 1-8-2009 at 02:34 PM

Quote:

Originally posted by The Gull

Quote:

Originally posted by mulege marv
you forgot to tack on the 20% shortage. the pemex in mulege can put 12 gallons in a 10 gallon can, its amazing ! :lol:

They pump metric gallons.

I know you will try to get me banned for exposing your ignorance. But; there is no such thing as a metric gallon.

oldlady - 1-8-2009 at 02:39 PM

Duh!

Bob and Susan - 1-8-2009 at 02:53 PM

actually i've heard

4L = Metric Gallon
3.78 L = US Gallon