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Russ
Elite Nomad
Posts: 6742
Registered: 7-4-2004
Location: Punta Chivato
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There are many sites that show the exchange rate. I like this one today:
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Baja-Brit
Nomad
Posts: 138
Registered: 8-28-2008
Location: London, England & La Paz
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Mood: Happy in Baja!
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| Quote: | Originally posted by tripledigitken
The dollar has strengthed against other currencies since mid July of this year by:
Canadian Dollar 5%
Mexican Peso 8.4%
Swiss Franc 9.4%
British Pound 12%
Euro 12.7%
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Yep, a lot of uncertainty and concern within the European economy, a number of countries officially already in recession including Italy and Ireland
with a number of countries including the UK on the brink of recession.
This has helped the dollar gain ground on the £ and €
Still getting 19.90 peso's to £1 sterling though. 
As you were.
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losfrailes
Senior Nomad
Posts: 577
Registered: 11-16-2004
Location: Ejido San Lucas near Santa Rosalia
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Mood: Good!
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Todays XE.COM.
1.00 USD = 11.6649 MXN
Getting close to the 12 you wanted Wooosh
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vandenberg
Elite Nomad
Posts: 5118
Registered: 6-21-2005
Location: Nopolo
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Mood: mellow
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| Quote: | Originally posted by losfrailes
Todays XE.COM.
1.00 USD = 11.6649 MXN
Getting close to the 12 you wanted Wooosh |
11.85 few minutes ago
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flyfishinPam
Super Nomad
Posts: 1727
Registered: 8-20-2003
Location: Loreto, BCS
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Mood: gone fishin'
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just exchanged USD to pesos online with BBVA and the rate was 11,57 to the peso at 09:14:02 DF time.
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Woooosh
Banned
Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
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It is 11.77 as I type. I'm holding out for 12. Given the current currency trend I should wait for 13. I don't know when the last time it was 13
though.
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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The Gull
Super Nomad
Posts: 2223
Registered: 8-28-2003
Location: Rancho Descanso, BCN
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Mood: High
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| Quote: | Originally posted by Woooosh
It is 11.77 as I type. I'm holding out for 12. Given the current currency trend I should wait for 13. I don't know when the last time it was 13
though. |
Before the last devaluation...early 90's?? and before that 1988.
Glad I spent most of my pesos last weekend with my buddies.
�I won\'t insult your intelligence by suggesting that you really believe what you just said.� William F. Buckley, Jr.
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Woooosh
Banned
Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
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well- the computer showed 12.43 but the bank gave me 12.11 per dollar.
Even still, a nice gain for just waiting since it was 9.5 early August to 12.11 today. No one on Wall Street made 17% profit in the the last five
weeks!
Before I get jumped on for calling that a profit- I do undersand that it is simply more pesos for the dollar to spend on goods/service suspect to
Mexico's increased inflationary trends.
I do think Mexican banks are somewhat insulated from the sub-prime market mess since they don't even have a prime market to foreclose on yet. I doubt
Mexico was invited to the party when these abhorrent financial instruments were concocted by flawed CEO's that have already pocketed $millions more
than you and I will ever see in our lifetimes. There is no shame on Wall Street apparently. Lehman's set aside $2.5 Billion in their bankruptcy for
their own bonuses! Incredible.
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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Cypress
Elite Nomad
Posts: 7641
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Location: on the bayou
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Something about loving Baja etc. and rejoicing in the decline of the peso against the dollar doesn't compute. 
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Woooosh
Banned
Posts: 5240
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Location: Rosarito Beach
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Hmmm. So it's OK if we've made the baja Real Estate market unaffordable to everyday mexicans where we live- but the Peso is somehow to be revered??
[Edited on 10-7-2008 by Woooosh]
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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tim40
Senior Nomad
Posts: 574
Registered: 3-29-2004
Location: Manhattan Beach
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Through the use of my currency exchange service, Oanda, I am getting 12.26 as the time of this typing. I consider this wonderful news....although a
bit late for my last Mexican investment back in May where I got 10.11. For the amount of the investment, I lost a little over 20K for the exact
transaction would it have been completed today. For most Mexicans that we know and converse with daily, the weakening Peso to dollar is a great
thing as they buy mostly Mexican products and it draws more US spending to Mexico.
Devaluation aside, does the Mexican government have anything like FDIC insurance for private party bank deposits?
When searching for the end of your rainbow you only have until dusk....
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Hook
Elite Nomad
Posts: 9011
Registered: 3-13-2004
Location: Sonora
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Mood: Inquisitive
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| Quote: | Originally posted by tim40
Through the use of my currency exchange service, Oanda, I am getting 12.26 as the time of this typing. I consider this wonderful news....although a
bit late for my last Mexican investment back in May where I got 10.11. For the amount of the investment, I lost a little over 20K for the exact
transaction would it have been completed today. For most Mexicans that we know and converse with daily, the weakening Peso to dollar is a great
thing as they buy mostly Mexican products and it draws more US spending to Mexico.
Devaluation aside, does the Mexican government have anything like FDIC insurance for private party bank deposits? |
I dont know, but even if they did, it wouldnt insulate you from a devaluation of the peso.
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bajabound2005
Ultra Nomad
Posts: 2762
Registered: 10-15-2005
Location: Punta Banda, BCN
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Mood: words cannot describe...
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as of this moment:
1 USD = 12.3105 MXN
Friends don't let friends drink white zinfandel.
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DianaT
Select Nomad
Posts: 10020
Registered: 12-17-2004
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| Quote: | Originally posted by bajabound2005
as of this moment:
1 USD = 12.3105 MXN |
Gees, Costco in Chula Vista is usually very good---today, it was a flat 11 for buying.
It was, however, 11.7 for selling.
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CaboRon
Ultra Nomad
Posts: 3401
Registered: 3-24-2007
Location: The Valley of the Moon
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Wed . 0648 hrs
13.72 !!!
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Hook
Elite Nomad
Posts: 9011
Registered: 3-13-2004
Location: Sonora
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Mood: Inquisitive
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Back down a full peso to 12.66 at 0706.
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bajalou
Ultra Nomad
Posts: 4459
Registered: 3-11-2004
Location: South of the broder
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820 CDT - 12.90
No Bad Days
\"Never argue with an idiot. People watching may not be able to tell the difference\"
\"The trouble with doing nothing is - how do I know when I\'m done?\"
Nomad Baja Interactive map
And in the San Felipe area - check out Valle Chico area |
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Woooosh
Banned
Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
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13.25 at 9am !!
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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tripledigitken
Ultra Nomad
Posts: 4848
Registered: 9-27-2006
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Mexico Peso Has Biggest Intraday Decline Since 1994 Devaluation
Went above 14 briefly this morning.
http://www.bloomberg.com/apps/news?pid=20601086&sid=aqOn...
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tripledigitken
Ultra Nomad
Posts: 4848
Registered: 9-27-2006
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Holding out for some level of peso to jump in on?
Do so with extreme caution, IMHO.
Buying at 12:1 two days ago would be showing a 14% loss or more today. All the while the dollar is on a 7 month high against most western currencies.
Ken
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