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Peso Lighter?

bajadock - 8-11-2011 at 05:19 PM

12.488p to $1USD today.

Nomad financial gurus(I think there are only about 7,655 of you)...any predictions?

DENNIS - 8-11-2011 at 05:25 PM

When the Dollar weakens, the Peso rises. The dollar isn't getting more weak....actually stronger against currencies around the world.....especially some European money.
Wait two days and buy Pesos or.....wait two days and buy a boatload of Pacifico.

grace59 - 8-11-2011 at 06:39 PM

Quote:

Originally posted by DENNIS
Wait two days and buy Pesos or.....wait two days and buy a boatload of Pacifico.

Let's see...if you buy Pesos you could risk peeing your money away...on the other hand if you buy Pacifico... :lol:

...well then you're guaranteed to pee your money away...but there's less anxiety over the entire transaction!!!

Marc - 8-11-2011 at 07:04 PM

I am waiting to kick butt on the Euro. :yes:

elgatoloco - 8-11-2011 at 07:37 PM

I predict that this weekend I will be spending some pesos on tacos, beer & tequila in Baja! :saint:

Bajajorge - 8-12-2011 at 09:32 AM

Back in early 2009 the Peso was about 15.3 to 1 USD. The street vendors were still working on 10 to 1. Life was really good in Baja. :bounce:

Never even made it to 15 ....

beercan - 8-12-2011 at 07:49 PM

2009 - Mexican Pesos to 1 USD (invert)
Average Rates
January
13.8845 MXN (21 days average)
February
14.5918 MXN (20 days average)
March
14.6716 MXN (22 days average)
April
13.4491 MXN (21 days average)
May
13.216 MXN (21 days average)
June
13.3289 MXN (22 days average)
July
13.356 MXN (23 days average)
August
13.0059 MXN (21 days average)
September
13.4096 MXN (22 days average)
October
13.2209 MXN (22 days average)
November
13.1073 MXN (21 days average)
December
12.8514 MXN (22 days average)

change target currency by clicking on list at right

Quote:

by bajajorge

Quote:

Back in early 2009 the Peso was about 15.3 to 1 USD. The street vendors were still working on 10 to 1

bajamigo - 8-12-2011 at 08:59 PM

Quote:

Originally posted by bajadock

12.488p to $1USD today.

Nomad financial gurus(I think there are only about 7,655 of you)...any predictions?

Trees don't grow to the sky.

Udo - 8-13-2011 at 08:01 AM

If you can remember back that far, the EURO was originally designated as ONE US DOLLAR = ONE EURO. But the the US economy took a dump and the EURO went as high as $1.75 U.S per EURO. It's been fluctuating ever since.

Quote:

Originally posted by Marc
I am waiting to kick butt on the Euro. :yes:

Bajajorge - 8-13-2011 at 08:13 AM

Quote:

Originally posted by beercan
2009 - Mexican Pesos to 1 USD (invert)
Average Rates
January
13.8845 MXN (21 days average)
February
14.5918 MXN (20 days average)
March

change target currency by clicking on list at right

Quote:

by bajajorge

Quote:

Back in early 2009 the Peso was about 15.3 to 1 USD. The street vendors were still working on 10 to 1

Don't remember exact month, could have been 2008(CRS) :?:

, but at Bancomer in San Felipe I got 15.3 to 1 when I did a $500USD exchange. :bounce:

2008 was even less --I have never seen 15 to 1

beercan - 8-13-2011 at 08:25 AM

unless you are talking about the '80's?

Average Rates
January
10.9076 MXN (23 days average)
February
10.7678 MXN (21 days average)
March
10.7328 MXN (21 days average)
April
10.5146 MXN (22 days average)
May
10.4361 MXN (22 days average)
June
10.3269 MXN (21 days average)
July
10.2163 MXN (23 days average)
August
10.111 MXN (21 days average)
September
10.6466 MXN (22 days average)
October
12.6686 MXN (23 days average)
November
13.1085 MXN (20 days average)
December
13.4133 MXN (23 days average)

wiltonh - 8-13-2011 at 08:39 AM

It was in December or January of 2008/09 and I got 15 to 1 in La Paz.

The issue is the data that you are using. It is the 20 plus day average. As I remember, it was only that high for a few days so an average would not work.

Here is another way to look at the data. Go to Google and put in "Dollars to Peso". A graph will show up that shows the Peso went above 15 near the end of 2008 or the beginning of 2009.

These came from the forex chart ....

beercan - 8-13-2011 at 09:04 AM

2008-11-28 November 28, Friday 13.39 MXN
2008-12-01 December 01, Monday 13.57 MXN
2008-12-02 December 02, Tuesday 13.4653 MXN
2008-12-03 December 03, Wednesday 13.55 MXN
2008-12-04 December 04, Thursday 13.51 MXN
2008-12-05 December 05, Friday 13.8002 MXN
2008-12-08 December 08, Monday 13.465 MXN
2008-12-09 December 09, Tuesday 13.5055 MXN
2008-12-10 December 10, Wednesday 13.4665 MXN
2008-12-11 December 11, Thursday 13.091 MXN
2008-12-12 December 12, Friday 13.53 MXN
2008-12-15 December 15, Monday 13.3055 MXN
2008-12-16 December 16, Tuesday 13.223 MXN
2008-12-17 December 17, Wednesday 13.17 MXN
2008-12-18 December 18, Thursday 13.1888 MXN
2008-12-19 December 19, Friday 13.1225 MXN
2008-12-22 December 22, Monday 13.183 MXN
2008-12-23 December 23, Tuesday 13.221 MXN
2008-12-24 December 24, Wednesday 13.33 MXN
2008-12-25 December 25, Thursday 13.33 MXN
2008-12-26 December 26, Friday 13.365 MXN
2008-12-29 December 29, Monday 13.5225 MXN
2008-12-30 December 30, Tuesday 13.76 MXN
2008-12-31 December 31, Wednesday 13.832 MXN
2009-01-02 January 02, Friday 13.8265 MXN

durrelllrobert - 8-13-2011 at 09:25 AM

right or wrong, who shives a git? :lol:

J.P. - 8-13-2011 at 09:52 AM

I was in Mexico back in 78 or 79 cant rember which, then the peso went from 10 to one to 22 to one people were jumping out of windows, there were lines for block around the banks,merchants had not figured out the exchange rate, it was a real circus :bounce:

ncampion - 8-13-2011 at 11:15 AM

Quote:

Originally posted by wiltonh
It was in December or January of 2008/09 and I got 15 to 1 in La Paz.

The issue is the data that you are using. It is the 20 plus day average. As I remember, it was only that high for a few days so an average would not work.

Here is another way to look at the data. Go to Google and put in "Dollars to Peso". A graph will show up that shows the Peso went above 15 near the end of 2008 or the beginning of 2009.

I have to agree with this. Around that time we were building our house down here and transfering money down on a regular basis. I remember that for a breif time the Peso went up to 15:1 and I immediately wire transferred down $50,000 USD. Made a couple thou on the deal. I would have to look up my records to see the exact date, but I do remember it - we went out to an expensive dinner that day.

ncampion - 8-13-2011 at 11:18 AM

Quote:

Originally posted by DENNIS
When the Dollar weakens, the Peso rises. The dollar isn't getting more weak....actually stronger against currencies around the world.....especially some European money.
Wait two days and buy Pesos or.....wait two days and buy a boatload of Pacifico.

It's actually just the opposite. When the dollar is strong agains the Peso, you can "buy" more Pesos per dollar. I'm sure this is only a temporary rise in the dollar, as everyone knows (especially S&P) that the dollar is in trouble.

DENNIS - 8-13-2011 at 11:44 AM

Quote:

Originally posted by ncampion

Quote:

Originally posted by DENNIS
When the Dollar weakens, the Peso rises.

I thought that was what I said. I should have said, "The Peso rises in value when the dollar weakens against it."
All very confusing stuff. I'm probably still wrong.
I'm going to Sharky's to give it some serious thought.
SALUD

woody with a view - 8-13-2011 at 12:16 PM

burp....

wiltonh - 8-13-2011 at 02:16 PM

Okay I was slightly off on the dates.

It was Monday March 2 2009 and the exchange rate was 15.2764 to one.

Go look it up.

Wilton

vgabndo - 8-13-2011 at 03:33 PM

You misunderstand...Beercan is never wrong.

Bajahowodd - 8-13-2011 at 04:05 PM

Quote:

Originally posted by vgabndo
You misunderstand...Beercan is never wrong.

Some you folks must remember back to the time when they fundamentally knocked some zeros off the peso in a massive devaluation.

For several years thereafter, there were some unscrupulous merchants who slipped old pesos into their change given back.

That said, even as S&P pulled that political dirty trick on the US, there was a massive worldwide move into US Treasuries. What does that say?

I do recall when the Euro was established. It was on a one to one with the dollar. I have witnessed exchange rates above $1.50 in my travels over the years.

I also encountered the curious reality that the British Pound was stronger than the Euro. Scratch my head over that.

Just seems to me that international currency traders influence exchange rates more than what's happening on the ground.

[Edited on 8-13-2011 by Bajahowodd]