BajaNomad

Pesos vs Dollars right now (US & Canadian)

BajaNomad - 1-2-2011 at 01:05 PM

Just a casual observation I thought I'd share...

Exchange rate is right around 12 to 1 at the moment. However, in hindsight (and I'm not remembering where specifically, but it was multiple places) when quoted a price in dollars, the peso equivalent was at 10 to 1. So, the restaurant that the bill came to me as $20, they were good with 200 pesos.

I didn't look at the official exchange rate, but it's my understanding that the Canadian $ is now at - or near - 1 to 1 with the USA dollar... and Canadians are quite pleased with the spending strength of their own dollars right now in Mexico.

fwiw,
-
Doug

chippy - 1-2-2011 at 03:26 PM

The Canadian vs USD is not anything new. As I remember they caught up to us sometime in the summer of 2009.

BajaBruno - 1-2-2011 at 10:31 PM

As of Sunday night, the rate is

1 USD to 12.4 MXN.
1 CAD to 12.5 MXN (rounding to tenths).

durrelllrobert - 1-3-2011 at 11:04 AM

Quote:
Originally posted by chippy
The Canadian vs USD is not anything new. As I remember they caught up to us sometime in the summer of 2009.

2009 - American Dollars to 1 CAD (invert)


Average Rates
January
0.815604 USD (21 days average)
February
0.802089 USD (20 days average)
March
0.792221 USD (22 days average)
April
0.815189 USD (21 days average)
May
0.867601 USD (21 days average)
June
0.889622 USD (22 days average)
July
0.890819 USD (23 days average)
August
0.919288 USD (21 days average)
September
0.924468 USD (22 days average)
October
0.948794 USD (22 days average)
November
0.943686 USD (21 days average)
December
0.949132 USD (22 days average)

chippy - 1-3-2011 at 02:29 PM

Pretty darn close anyway. It was close enough to have my Canadian friends dancing in the streets. Funny thing is I remember in the 80s while traveling abroad the Canadian dollar was much sronger than the USD. I was constantly reminded by my Canadian girlfriend while we were in OZ and NZ. Its OK because I made her buy the beers with her overage.

[Edited on 1-3-2011 by chippy]

Woooosh - 1-3-2011 at 02:42 PM

Quote:
Originally posted by BajaNomad
Just a casual observation I thought I'd share...

Exchange rate is right around 12 to 1 at the moment. However, in hindsight (and I'm not remembering where specifically, but it was multiple places) when quoted a price in dollars, the peso equivalent was at 10 to 1. So, the restaurant that the bill came to me as $20, they were good with 200 pesos.

I didn't look at the official exchange rate, but it's my understanding that the Canadian $ is now at - or near - 1 to 1 with the USA dollar... and Canadians are quite pleased with the spending strength of their own dollars right now in Mexico.

fwiw,
-
Doug

When they charge 10:1 is the 20% you gave up when they scalped you on the exchange rate the tip?

mulegejim - 1-3-2011 at 06:46 PM

Quote:
Originally posted by Woooosh
Quote:
Originally posted by BajaNomad
Just a casual observation I thought I'd share...

Exchange rate is right around 12 to 1 at the moment. However, in hindsight (and I'm not remembering where specifically, but it was multiple places) when quoted a price in dollars, the peso equivalent was at 10 to 1. So, the restaurant that the bill came to me as $20, they were good with 200 pesos.

I didn't look at the official exchange rate, but it's my understanding that the Canadian $ is now at - or near - 1 to 1 with the USA dollar... and Canadians are quite pleased with the spending strength of their own dollars right now in Mexico.

fwiw,
-
Doug

When they charge 10:1 is the 20% you gave up when they scalped you on the exchange rate the tip?


I believe it was the other way around 200 pesos was twenty dollars in other words if you had a bill for 200 pesos they would accept twenty dollars - you just lost about 20% for not paying in pesos. Jim

BajaNomad - 1-3-2011 at 11:38 PM

Quote:
Originally posted by mulegejim
Quote:
Originally posted by Woooosh
Quote:
Originally posted by BajaNomad
Just a casual observation I thought I'd share...

Exchange rate is right around 12 to 1 at the moment. However, in hindsight (and I'm not remembering where specifically, but it was multiple places) when quoted a price in dollars, the peso equivalent was at 10 to 1. So, the restaurant that the bill came to me as $20, they were good with 200 pesos.

I didn't look at the official exchange rate, but it's my understanding that the Canadian $ is now at - or near - 1 to 1 with the USA dollar... and Canadians are quite pleased with the spending strength of their own dollars right now in Mexico.

fwiw,
-
Doug

When they charge 10:1 is the 20% you gave up when they scalped you on the exchange rate the tip?


I believe it was the other way around 200 pesos was twenty dollars in other words if you had a bill for 200 pesos they would accept twenty dollars - you just lost about 20% for not paying in pesos. Jim


Some people quoted me prices in dollars. Examples: $20, $35, etc. When I asked what the price was in pesos, it was then 200 pesos, or 350 pesos, etc. With an exchange rate of 12:1, the original quotes (in dollars) were for the equivalent of 240 pesos, or 420 pesos, etc.

Guess I didn't explain this very well.

[Edited on 1-4-2011 by BajaNomad]

Leo - 1-4-2011 at 10:15 AM

It can be confusing, but a sure thing is, Canadians are happy. And so am I. Today above par!

Marc - 1-4-2011 at 06:45 PM

I always pay in pesos.

dtutko1 - 1-5-2011 at 07:02 AM

How come I peso much?

woody with a view - 1-5-2011 at 07:29 AM

gotta peso?

mulegejim - 1-5-2011 at 07:51 AM

Quote:
Originally posted by BajaNomad
Quote:
Originally posted by mulegejim
Quote:
Originally posted by Woooosh
Quote:
Originally posted by BajaNomad
Just a casual observation I thought I'd share...

Exchange rate is right around 12 to 1 at the moment. However, in hindsight (and I'm not remembering where specifically, but it was multiple places) when quoted a price in dollars, the peso equivalent was at 10 to 1. So, the restaurant that the bill came to me as $20, they were good with 200 pesos.

I didn't look at the official exchange rate, but it's my understanding that the Canadian $ is now at - or near - 1 to 1 with the USA dollar... and Canadians are quite pleased with the spending strength of their own dollars right now in Mexico.

fwiw,
-
Doug

When they charge 10:1 is the 20% you gave up when they scalped you on the exchange rate the tip?


I believe it was the other way around 200 pesos was twenty dollars in other words if you had a bill for 200 pesos they would accept twenty dollars - you just lost about 20% for not paying in pesos. Jim


Some people quoted me prices in dollars. Examples: $20, $35, etc. When I asked what the price was in pesos, it was then 200 pesos, or 350 pesos, etc. With an exchange rate of 12:1, the original quotes (in dollars) were for the equivalent of 240 pesos, or 420 pesos, etc.

Guess I didn't explain this very well.

[Edited on 1-4-2011 by BajaNomad]


Great - I don't think I have ever be that lucky. Jim