MitchMan
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Peso Strengthened Today - Withdraw USD?
It's 9:30am PST in Southern California. Just noticed that the exchange rate went from 18.9 to 18.1. The Visa Rate for the day is set at 18.8. Might
be a good time to withdraw USD from Mexican ATMs.
I don't know for sure because I do not know what the actual real time exchange rate is at a Mexican ATM at this moment. But, if you can get a balance
of your USD bank acct in equivalent pesos (at a Mexican ATM), then do the calculation of the exchange rate and you may well find that may be able to
withdraw pesos on that USD bank acct to your advantage.
Do not consider this as actionable advice; just my guess. Check it out for yourself before you do anything affecting your USD checking account. Take
into account that the rate may change to further strengthen the peso or it may swing back and weaken beyond 18.8. It's always a gamble, and when you
gamble, you take full responsibility yourself for your gains and losses.
[Edited on 2-17-2016 by MitchMan]
[Edited on 2-17-2016 by MitchMan]
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Udo
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Mood: TEQUILA!
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Thanks, Mitch!
Udo
Youth is wasted on the young!
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micah202
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....I suggest everyone leaps off a cliff,,,, but it could be dangerous,,, so be careful, and decide for yourself what's the right thing to do!   
.
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bajagrouper
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Posts: 964
Registered: 8-28-2003
Location: Rincon de Guayabitos, Nayarit, Mexico
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Mood: happy and retired
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In Puerto Vallarta yesterday at Banamex I got 19.01.......20 coming soon.......
I hear the whales song
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Maron
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Interesting
Thks
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elfbrewery
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If you want to drive yourself crazy, look at this site --
http://www.eldolar.info/en/mexico/dia/hoy
It actually does help ya pick where to get pesos... and it has a historical option as well. I don't look at the numbers at the top, just at the banks.
It's always a gamble trying to stock up on currency when you don't need it right away.
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elfbrewery
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Forgot to mention that when I use my VISA credit card to withdraw pesos, I get the average buy/sell rate.
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monoloco
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Location: Pescadero BCS
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Quote: Originally posted by MitchMan  | It's 9:30am PST in Southern California. Just noticed that the exchange rate went from 18.9 to 18.1. The Visa Rate for the day is set at 18.8. Might
be a good time to withdraw USD from Mexican ATMs.
I don't know for sure because I do not know what the actual real time exchange rate is at a Mexican ATM at this moment. But, if you can get a balance
of your USD bank acct in equivalent pesos (at a Mexican ATM), then do the calculation of the exchange rate and you may well find that may be able to
withdraw pesos on that USD bank acct to your advantage.
Do not consider this as actionable advice; just my guess. Check it out for yourself before you do anything affecting your USD checking account. Take
into account that the rate may change to further strengthen the peso or it may swing back and weaken beyond 18.8. It's always a gamble, and when you
gamble, you take full responsibility yourself for your gains and losses.
[Edited on 2-17-2016 by MitchMan]
[Edited on 2-17-2016 by MitchMan] |
It might fluctuate day to day but over the long term it only goes one way.
Better to keep your dollars until you need the pesos.
"The future ain't what it used to be"
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bajabuddha
Banned
Posts: 4024
Registered: 4-12-2013
Location: Baja New Mexico
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Mood: Always cranky unless medicated
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Anyone look at a calendar lately? One thing is eternal; the migration of the gray-feathered Snow Geese. Towards 1st-of-March-ish they all start
their northern flow up the Highway 1 corridor, and each will land somewhere along the route to exchange their pesos into USDs or CDs. As sure as the
summers are too warm to handle, the peso will re-value this time of year so they don't have to pay OUT as much money as the geese had to pay IN. Seen
it every season. As certain as the tides, and the palm trees on Coyote Beach.
(my edit) Oh yeah.. you can hang on to them (your pesos) instead and bring 'em back next year; i'll guarantee they'll be worth even less! Promise!
I still have a wad from two years ago that was worth about a first tank of gas, now i'll get half a tank instead. 
[Edited on 2-18-2016 by bajabuddha]
I don't have a BUCKET LIST, but I do have a F***- IT LIST a mile long!
86 - 45*
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