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Howard
Super Nomad
Posts: 2353
Registered: 11-13-2007
Location: Loreto/Manhattan Beach/Kona
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Mood: I'd rather regret the things I've done than regret the things I haven't done.
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Peso
FYI
Just came from an ATM at the bank and got 13.436 peso's to the $
We don't stop playing because we grow old;
we grow old because we stop playing
George Bernard Shaw
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vandy
Senior Nomad
Posts: 538
Registered: 10-10-2003
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That makes magna gas about $2.78 per gallon...Just a little over three bucks with the 10% under-read of the pumps thrown in.
Correction: make that "over-read"
[Edited on 5-13-2012 by vandy]
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
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Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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Monday is going to be witching day for the mexican peso. Most interesting day since 1994.
A Lot To See And A Lot To Do
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Sweetwater
Senior Nomad
Posts: 915
Registered: 11-26-2010
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Mood: chilly today hot tomale
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I was just about to start an "Exchange Rate" thread when I saw this one.....I just clicked into my international rate site and saw the Friday official
rate at 13.5746 pesos per dollar.
Wow.....
Everbody\'s preachin\' at me that we all wanna git to heaven, trouble is, nobody wants to die to git there.-BB King
Reality is what does not go away when you stop believing in it. -Philip K Dick
Nothing is worse than active ignorance. Johann Wolfgang von Goethe(1749-1832, German writer, artist and politician)
When choosing between two evils, I always like to try the one I\'ve never tried before. - Mae West
Experience is what keeps a man who makes the same mistake twice from admitting it the third time around.
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woody with a view
PITA Nomad
Posts: 15939
Registered: 11-8-2004
Location: Looking at the Coronado Islands
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Mood: Everchangin'
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just wait until the euro devalues another 30%!!!!
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DENNIS
Platinum Nomad
Posts: 29510
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Location: Punta Banda
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| Quote: | Originally posted by woody with a view
just wait until the euro devalues another 30%!!!! |
...and the new Socialist government starts taxing the French to death instead of cutting back on spending.
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woody with a view
PITA Nomad
Posts: 15939
Registered: 11-8-2004
Location: Looking at the Coronado Islands
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Mood: Everchangin'
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you mean in france, or kalifornia?
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by woody with a view
you mean in france, or kalifornia? |
Gay Pairee.
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Sweetwater
Senior Nomad
Posts: 915
Registered: 11-26-2010
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Mood: chilly today hot tomale
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| Quote: | Originally posted by woody with a view
just wait until the euro devalues another 30%!!!! |
Can't happen soon enough for me.....heading to Hastings and Tuscany sometime in the nearer future......The Italians were much more negotiable than the
bloody Brits.....that pound needs a bit of pounding too.....
Everbody\'s preachin\' at me that we all wanna git to heaven, trouble is, nobody wants to die to git there.-BB King
Reality is what does not go away when you stop believing in it. -Philip K Dick
Nothing is worse than active ignorance. Johann Wolfgang von Goethe(1749-1832, German writer, artist and politician)
When choosing between two evils, I always like to try the one I\'ve never tried before. - Mae West
Experience is what keeps a man who makes the same mistake twice from admitting it the third time around.
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
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Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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What the PAN is going to instruct the Banco de México to do tomorrow is getting curiouser and curiouser...
http://www.reuters.com/article/2012/05/13/us-germany-electio...
Germany has been "rehabilitating" the old East Germany since 1990. The entire sector was like Germany's Appalachia. This is going to put a genuine
"B.S. Test" to Deutschland liquidity.
Tomorrow may also prove to be "just a tiny bit of shall we say -strain-" on the DJI.
Beats reading romance novels.
A Lot To See And A Lot To Do
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
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| Quote: | Originally posted by Sweetwater
| Quote: | Originally posted by woody with a view
..The Italians were much more negotiable than the bloody Brits.....that pound needs a bit of pounding too..... |
For so many years, I've never been able to understand the strength of the Pound Sterling. The Brits are neither an agriculture nor a manufacturing
country. What do they export??? Just doesn't make sense to me. |
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J.P.
Super Nomad
Posts: 1673
Registered: 7-8-2010
Location: Punta Banda
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Mood: Easy Does It
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| Quote: | Originally posted by Bajahowodd
| Quote: | Originally posted by Sweetwater
| Quote: | Originally posted by woody with a view
..The Italians were much more negotiable than the bloody Brits.....that pound needs a bit of pounding too..... |
For so many years, I've never been able to understand the strength of the Pound Sterling. The Brits are neither an agriculture nor a manufacturing
country. What do they export??? Just doesn't make sense to me. |
Your statement sounds rather self explanatory. Nothing Ventured = Nothing Gained thus remaning Stable |
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yellowklr
Senior Nomad
Posts: 507
Registered: 4-14-2006
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| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by woody with a view
just wait until the euro devalues another 30%!!!! |
...and the new Socialist government starts taxing the French to death instead of cutting back on spending. |
You must of meant OBAMA......
Derek
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Bajaboy
Ultra Nomad
Posts: 4375
Registered: 10-9-2003
Location: Bahia Asuncion, BCS, Mexico
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| Quote: | Originally posted by yellowklr
| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by woody with a view
just wait until the euro devalues another 30%!!!! |
...and the new Socialist government starts taxing the French to death instead of cutting back on spending. |
You must of meant OBAMA...... |
Let's hope so
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vandy
Senior Nomad
Posts: 538
Registered: 10-10-2003
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OK, DavidE, I am almost lost.
I am not used to absorbing so many different variables in the world financial market (I quit chess after my first win: it hurt my brain)
but here goes: MONDAY:
investors lose confidence in the Euro
They invest in the USDollar>>>$ higher
They invest in the DJIA>>>> JIA higher
That leaves the peso lower to the dollar, meaning more pesos per dollar, and if it's too much (>2%) the Mexicans will sell 400 million dollars of
their reserves of USDollars.
If they don't actually have the $ reserves on hand, of course, the peso will plummet. Catastrophically.
But we know they have hundreds of billions in $, right?
Is this your concern? Or have I completely missed it...
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Sweetwater
Senior Nomad
Posts: 915
Registered: 11-26-2010
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Mood: chilly today hot tomale
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| Quote: | Originally posted by vandy
OK, DavidE, I am almost lost.
I am not used to absorbing so many different variables in the world financial market (I quit chess after my first win: it hurt my brain)
but here goes: MONDAY:
investors lose confidence in the Euro
They invest in the USDollar>>>$ higher
They invest in the DJIA>>>>JIA higher
That leaves the peso lower to the dollar, meaning more pesos per dollar, and if it's too much (>2%) the Mexicans will sell 400 million dollars of
their reserves of USDollars.
If they don't actually have the $ reserves on hand, of course, the peso will plummet. Catastrophically.
But we know they have hundreds of billions in $, right?
Is this your concern? Or have I completely missed it... |
Close....the dollar strengthens....0.5%....which drops US stocks...1% or more....and the peso weakens even more......0.75%......now about those
reserve dollars......China has a trillion or so and appreciates a stronger dollar.....buys them more oil and commodities.....which are also
down....1.5%........
Welcome to the international world of high finance....
edit: Forgot to mention that the Fed owns closer to 3 trillion of those debt dollars.....and who is that?
[Edited on 5-14-2012 by Sweetwater]
Everbody\'s preachin\' at me that we all wanna git to heaven, trouble is, nobody wants to die to git there.-BB King
Reality is what does not go away when you stop believing in it. -Philip K Dick
Nothing is worse than active ignorance. Johann Wolfgang von Goethe(1749-1832, German writer, artist and politician)
When choosing between two evils, I always like to try the one I\'ve never tried before. - Mae West
Experience is what keeps a man who makes the same mistake twice from admitting it the third time around.
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LaPazGringo
Nomad
Posts: 237
Registered: 2-28-2012
Location: La Paz
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FWIW, peso at 13.65 today.
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durrelllrobert
Elite Nomad
Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
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Mood: thriving in Baja
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Is it time to cash this in?
Bob Durrell
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chuckie
Elite Nomad
Posts: 6082
Registered: 2-20-2012
Location: Kansas Prairies
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Mood: Weary
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Will any of this affect the price of Pacifico?
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
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Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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You are correct. Many many forces at work. I am going to wait until the close of the trading day to sort this all out.
Unlike Mexico 1972, Mexico 1985, Mexico 1994, every vendor in every village has some sort of access to currency market reports almost instantly. There
will be -solely- social pressure from la gente to retard instant peso price increases on everything from carros to carnitas. Pemex, Pepsi, and Patron
could care less about social pressure. They will raise prices. Phone lines between cervezarias will be melting along with the peso, Corona would not
stay at it's original peso price while Pacifico raises its prices believe me.
I'm interested in seeing if -Guillermo Ortiz 101- will be applied when pressure on the peso eases.
The DJIA now is connected to the US economy about as strongly as Washington DC is to the plight of the United States. I use the Russel index.
A Lot To See And A Lot To Do
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