BajaNomad

Peso

lookingandbuying - 8-26-2010 at 12:36 PM

Today 13.04 looks like it is limping lower against the dollar. Where does everyone think the Peso will go from here:?::?::?:

Udo - 8-26-2010 at 12:59 PM

When the US Dollar gains against the Euro, and oil prices drop...the Mexican Peso drops also.
Probably will for the next few months.

DENNIS - 8-26-2010 at 01:16 PM

The Peso has been hanging out in the 12.00----13.00 range for quite a while now. I try to ignore it as a motivator in my life.

where will it go from here?

bajagrouper - 8-26-2010 at 01:37 PM

Quote:
Originally posted by lookingandbuying
Today 13.04 looks like it is limping lower against the dollar. Where does everyone think the Peso will go from here:?::?::?:



It will either go up or down..................

Woooosh - 8-26-2010 at 02:12 PM

Quote:
Originally posted by bajagrouper
Quote:
Originally posted by lookingandbuying
Today 13.04 looks like it is limping lower against the dollar. Where does everyone think the Peso will go from here:?::?::?:



It will either go up or down..................
or away.

Last week we got a rate of 12.80 at Bancomer when the best internet rates were only showing around 12.50. Never had that happen before. Maybe the banks needed dollars that day for a change.

Mexicorn - 8-26-2010 at 02:15 PM

Is it me or does this happen every year around this time?

karenintx - 8-26-2010 at 02:29 PM

According to Yahoo Finance

52wk Range: 12.1330 - 13.8150

Woooosh - 8-26-2010 at 03:45 PM

I remember when it was closing in on 14 we were rooting for 15... yup a year ago.

postholedigger - 8-27-2010 at 11:31 AM

I miss those days...

DavidE - 8-28-2010 at 03:56 PM

¿Cuanto le cobro una llanta para mi camioneta?.

"Aiiii, son caros señor! Dos cientos mil algo que treinta o cuarenta. no se!"

Took a full ten seconds to scan a cash register total and let it sink in.

A peso at twenty to one does little good if four liters of gasoline should cost eighty.

Marc - 8-28-2010 at 06:27 PM

Quote:
Originally posted by bajagrouper
Quote:
Originally posted by lookingandbuying
Today 13.04 looks like it is limping lower against the dollar. Where does everyone think the Peso will go from here:?::?::?:



It will either go up or down..................


It is what it is.:cool:

GEMcC5150 - 8-28-2010 at 10:54 PM

It goes up it go down. When we moved to Mexico it was at 10 to 1. It is what it is.

MitchMan - 8-29-2010 at 11:48 AM

Dennis has the best philosophy of not letting the exchange rate be a motivator. He's right. Just wish I could change my thinking on it. I religiously track the rate every day.

Seems that Bancomer is about one to two days behind the internet rate changes sometimes when you are trying to buy pesos. When I pull pesos out of Santander from a BofA account, the exchange rate is usually only about $0.12 centavos lower than the internet rate - pretty darn good. Also, merchants are about 2 - 4 days behind internet rate changes as well.

Had some work done on my boat recently and was able to save about $50 USD by playing the exchange rate game.