vandenberg
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Exchange rate
Seems like our dollar is dropping like a stone.
Peso as of now trading at 14.14 to the dollar.
Ouch !!, Ouch !!
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Bajahowodd
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Dollar dropping, or Peso firming?
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LOSARIPES
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You win either way. If the peso gains against the dollar you lose some pesos but Mexico gains strength in is economy and things tend to improve or at
least, not get worse and that is good for us all. We don't want to live in a country where its economy gets worse and worse.... business closing,
unemployment, etc. just a thought.
Aripes
God bless America
and Baja tambien
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DENNIS
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I wish it would just go to 10x1 and stay there....not frozen as the old 8x1 rate was for years but, stabilized. That way, we could plan our private
futures. All this fluctuation crap causes too much anxiety.
I meant 12.5x1 up there...8 cents each. I'll get it together.........
[Edited on 3-16-2009 by DENNIS]
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vandenberg
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| Quote: | Originally posted by Bajahowodd
Dollar dropping, or Peso firming? |
It's weakening against other currencies as well, like Euro and Canadian dollar. That's why I supposed the greenback was weakening.
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Woooosh
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The peso strengthening trend makes no sense- nothing economically has changed to support it. IMHO the currency traders are just playing ther old
games again.
\"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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Bajahowodd
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Maybe it's about the Chinese questioning the safety of their holdings.
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Woooosh
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anything like that gives currency traders an opportunity- en masse.
\"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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Bajahowodd
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I'll buy that one, too.
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Woooosh
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How about this having an impact on the pesos strengthening over the last few days... news like this always leaks out to those who can profit from it.
http://cnnwire.blogs.cnn.com/2009/03/16/mexico-to-raise-tari...
Mexico to raise tariffs on U.S. exports
Posted: 06:36 PM ET
MEXICO CITY, Mexico (CNN) — Mexico has announced plans to raise tariffs on almost 90 U.S. exports, Mexican and U.S. officials confirmed Monday.
The new trade measures are in retaliation for the cancellation earlier this year of a U.S. commercial trucking project, Mexico’s state-run news agency
said, and will target U.S. industrial and agricultural products delivered to Mexico.
Mexico’s Economic Secretary Gerardo Ruiz Mateos called the cancellation of the program a breach of the North American Free Trade Agreement (NAFTA),
the agency said.
White House spokesman Robert Gibbs said the trucking project was killed in the 2009 omnibus appropriations bill, but President Barack Obama has asked
his administration to create a new program
\"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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Hook
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Love to know what the products are, before the tariffs take effect.
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castaway$
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Looks like the exchange rate is still falling it's under 14 - 1 today.
Live Indubiously!
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oldlady
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Announcement about Treasuries.
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bajalou
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| Quote: | Originally posted by Hook
Love to know what the products are, before the tariffs take effect. |
From the Wall Street Journal
A partial list of the affected U.S. products follows:
-Christmas trees
-Onions
-Lettuce
-Pears
-Soft drinks
-Strawberries
-Potatoes
-Almonds
-Cherries
-Mixed fruits or dried fruit
-Soy sauce
-Mineral water
-Certain red, rosé and white wines [up to 14% alcohol by vol]
-Sunflower seeds
-Shampoos
-Manicure and pedicure solutions
-Dental creams and floss
-Deodorants
-Pre- and after-shave
-Toilet paper
-Copy paper
-Combination locks
-Kettles
-Wireless telephones
-Batteries
-Sunglasses
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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Bajahowodd
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A great deal of that stuff is either grown or manufactured in Mexico. So, only thing I can see happening is that selection may diminish.
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Russ
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Today's rates
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fdt
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I guess the US gov. gets even setting the exchange rate at 17 to 1
* As of March 17, 2009, fees for all Consular Services will be charged at an exchange rate of 17 Mexican pesos to 1 U.S. dollar, up from the previous
exchange rate of 14 Mexican Pesos to 1 U.S. dollar.
http://tijuana.usconsulate.gov/niv.html
A well informed Baja California traveler is a smart Baja California traveler!
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Woooosh
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| Quote: | Originally posted by fdt
I guess the US gov. gets even setting the exchange rate at 17 to 1
* As of March 17, 2009, fees for all Consular Services will be charged at an exchange rate of 17 Mexican pesos to 1 U.S. dollar, up from the previous
exchange rate of 14 Mexican Pesos to 1 U.S. dollar.
http://tijuana.usconsulate.gov/niv.html |
if we could only get them to open a currency exchange window giving that rate!
\"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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