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Author: Subject: 10.97 pesos to the dollar
Tucker
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[*] posted on 3-8-2005 at 12:51 PM
10.97 pesos to the dollar


X-rates.com indicates that the exchange rate is 10.97pesos to the USD, the lowest it's been in a few years.



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Bruce R Leech
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[*] posted on 3-8-2005 at 12:56 PM


wish we could git that here . it is 10.79 at Banamex

[Edited on 3-8-2005 by Bruce R Leech]




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Tucker
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[*] posted on 3-8-2005 at 01:06 PM
I use Banamex ATM's almost exclusively


Pleased with their service, even one day when they didn't dispense any money and charged my account with 4000 pesos. Corrected the very next day!



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[*] posted on 3-8-2005 at 01:09 PM


I will open up a little Money exchange in next few weeks in downtown La Paz near main banks.
I know this is self promotion marketing but for sure I will pay better than banks and other money exchanges.
In example today rate would be
10.85-11.05 with a 20 centavos spread.
Look on XVI Septiembre near Malecon in about one month.
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[*] posted on 3-8-2005 at 01:26 PM
Tucker


Tucker, that's good to hear, but did the Banamex people correct things on their own, or did you have to hang around and hassle them?
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Tucker
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[*] posted on 3-8-2005 at 01:28 PM
I called my bank in CA and they handled it.






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eureka.gif posted on 3-8-2005 at 01:31 PM


Never would have thought of that, but I guess if it was on their card they would have some interest in it. I wouldn't have thought to take my bank's number with me -- thanks.
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Bruce R Leech
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[*] posted on 3-8-2005 at 01:40 PM


Quote:
Originally posted by Hose A
yesterday in Ensenada it was 10.85 to the usd.


That was at the money changers. X-rates always has a higher listing.


When you use the ATM you git the international rate. the rate posted on the website is the over the counter rate and it is always correct. this is the rate you git with transactions at the bank window.




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[*] posted on 3-8-2005 at 02:14 PM
Exchange rate history


I bought at 10.75 both in March and April 2004 at the Cambio on Cole Road off of Hwy 111 in Calexico so it's been roughly a year since the peso was that strong.
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[*] posted on 3-8-2005 at 03:21 PM


I am expecting that since we are getting ready to make another larger investment in Baja, the exchange rate will dip to the 10 year low....How is that for fatalistic.



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[*] posted on 3-8-2005 at 05:20 PM


According to x-rates.com the closing today (3/8) was 10.9755. Oanda.com has today's rate at 10.99.
Highest in last 120 days was Sept 14 at 11.5995 and lowest is today.
Go to Google and ask for Mexican peso exchange to get real numbers.

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[*] posted on 3-9-2005 at 11:22 AM
120 days


120 days is considerably short of "a few years". As I said earlier, in March and April of 2004 it was 10.75.
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Tucker
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[*] posted on 3-9-2005 at 12:21 PM


MrBill you are correct, I just didn't recall that dip, One of those brain farts that I see to be getting more and more these days! Attached are the 2004 monthly averages from x-rates.com

January
10.9203 MXN (20 days average)

February
11.0319 MXN (19 days average)

March
11.019 MXN (23 days average)

April
11.2701 MXN (22 days average)

May
11.5199 MXN (20 days average)

June
11.3926 MXN (22 days average)

July
11.4678 MXN (21 days average)

August
11.3953 MXN (22 days average)

September
11.487 MXN (21 days average)

October
11.4037 MXN (20 days average)

November
11.37 MXN (19 days average)

December
11.2012 MXN (23 days average)

[Edited on 3-9-2005 by Tucker]




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