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Woooosh
Banned
Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
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Mood: Luminescent Waves at Rosarito Beach
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| Quote: | Originally posted by Bill Collector
Today 12.87 in San Jose del Cabo |
I made a withdrawal at noon today with my BofA card at the Santanders. 6000 pesos for $456.62 = $13.14
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Russ
Elite Nomad
Posts: 6742
Registered: 7-4-2004
Location: Punta Chivato
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12.93 in Mulege today
Bahia Concepcion where life starts...given a chance!
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cftlet
Nomad
Posts: 119
Registered: 11-13-2008
Location: Grants Pass,OR.
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Mood: Modelo Negro on my mind
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Peso exchange rate
I havent seen this covered recently soooooo I am curios and Iam sure all of the great minds here on nomads ( even if they are fairly well preserved in
tequilla and cervasa) will have information. 
A friend just emailed me and he said the exchange rate is now 13.88 to 1. My question is why and how long do you think this dvaluation will last? As
screwed up as our economy is, I just cant figure this out.
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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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Exchange rates always seem like a crapshoot to me, so can't answer your question.
But for the latest rates for all currencies try this site:
http://www.xe.com/ucc/
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DaleG
Junior Nomad
Posts: 45
Registered: 9-14-2011
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great site. Peso rate touched 13.91 today.
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Puckdrop
Nomad
Posts: 147
Registered: 2-16-2011
Location: Vancouver BC / Loreto, BCS
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Mood: Liven the dream baby !
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Whether you like or not, the world currency is the US dollar. Doesn't matter how screwed up your economy is right now, it's the worlds bench mark. Our
Canadian dollar has slipped to .97 today and on an economic side of it, this makes no sense. Gold, Oil, Copper, Iron Ore all of our natural resources
have tanked today. But don't take this to the bank. The market will correct itself in the next few days. The peso will be back to 12 per 1USD by this
time next week.
There economics 101 class dismissed for today 
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by Puckdrop
There economics 101 class dismissed for today |
Thanks teacher. Can I go to Sharky's now? It's lunch time.
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sancho
Ultra Nomad
Posts: 2524
Registered: 10-6-2004
Location: OC So Cal
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I haven't seen this much fluctuation in yrs. seems that it
hovered around 10 1/2 to 11 for 8 yrs or so. My experience
is that the peso adjusts once in a while, then prices in Mex
rise to compensate for the drop. Back in the day,
80's, you didn't exchange much money at 1 time
because next day the peso may take a 20% dump
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Skeet/Loreto
Ultra Nomad
Posts: 4709
Registered: 9-2-2003
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Uless you have some good connections with a Bank and aPerson in the Govt. be carefull if you are going to Invest in the peso.
I went through the time when the Peso started at 8 to 1 and over a fairly short time went to 3,450 to i.
I was getting information ahead of the Devaluation and would go to the Bank in Constitution and draw out my Peso which where getting 145% on 28 day
Notes.
I would take the pesos and buy Dollars at say 12 to One then wait a couple of days and buy back into Pesos 24 to One.
You have to have someone with connections that can tell you about when the Devaluation will take place each time.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by sancho
Back in the day,
80's, you didn't exchange much money at 1 time
because next day the peso may take a 20% dump |
Those were the days when the Dollar was king. Every landlord that could get away with it was changing the rents from Ps to Dollars and every day, with
devaluation, he was in effect raising the rent...or receiving more rent since he was still living on the Peso standard.
Pretty smart...these Meseecans.
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Gypsy Jan
Ultra Nomad
Posts: 4275
Registered: 1-27-2004
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Mood: Depends on which way the wind is blowing
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Skeeter, You Are Back!
“Travel is fatal to prejudice, bigotry, and narrow mindedness.”
—Mark Twain
\"La vida es dura, el corazon es puro, y cantamos hasta la madrugada.” (Life is hard, the heart is pure and we sing until dawn.)
—Kirsty MacColl, Mambo de la Luna
\"Alea iacta est.\"
—Julius Caesar
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Puckdrop
Nomad
Posts: 147
Registered: 2-16-2011
Location: Vancouver BC / Loreto, BCS
Member Is Offline
Mood: Liven the dream baby !
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I think that Skeeter took a shower and left OFF Topics for a bit
Dennis, a double scotch on the rocks please, I'll be there as soon as I grade your Obamaniusum thesis
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wessongroup
Platinum Nomad
Posts: 21152
Registered: 8-9-2009
Location: Mission Viejo
Member Is Offline
Mood: Suicide Hot line ... please hold
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Peso's ?? ... How do ya catch them and how do ya cook them ... 
Just glad Sharky's doesn't have wifi... or ..... hey Dennis... and Chewie ... gimme another Pacifico ...
[Edited on 9-22-2011 by wessongroup]
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Bob and Susan
Elite Nomad
Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
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Mood: Full Time Residents
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today 9-22
bank in mulege
13.5526 wow
its time to move money
wow
time to BUILD
time to VACATION
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mtgoat666
Select Nomad
Posts: 18398
Registered: 9-16-2006
Location: San Diego
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Mood: Hot n spicy
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| Quote: | Originally posted by Puckdrop
Whether you like or not, the world currency is the US dollar. Doesn't matter how screwed up your economy is right now, it's the worlds bench mark. Our
Canadian dollar has slipped to .97 today and on an economic side of it, this makes no sense. Gold, Oil, Copper, Iron Ore all of our natural resources
have tanked today. But don't take this to the bank. The market will correct itself in the next few days. The peso will be back to 12 per 1USD by this
time next week.
There economics 101 class dismissed for today |
yesterdays fed "twist" decision to shift money from short to long term bonds resulted in dollar increasing in value... tomorrow will be something
else... and who knows? (perhaps george soros knows, but nomads certainly don't know)
if you try to time currency market you will never beat the big banks and currency traders!
just convert your money when you need it; and don't worry, be happy!
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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| Quote: | Originally posted by sancho
Never could figure out D's political persuasion,
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Independent, with a falling precipice to the right.
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wessongroup
Platinum Nomad
Posts: 21152
Registered: 8-9-2009
Location: Mission Viejo
Member Is Offline
Mood: Suicide Hot line ... please hold
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A keeper... 
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Roberto
Banned
Posts: 2162
Registered: 9-5-2003
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Pemex in TJ (Sanchez Taboada) was giving 13.8. Banamex was at 13.65!!
Couldn't pass up filling my truck with Diesel.
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vgabndo
Ultra Nomad
Posts: 3461
Registered: 12-8-2003
Location: Mt. Shasta, CA
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Mood: Checking-off my bucket list.
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Oops, little too much momentum. This madness sure can spin my gyros. The exchange rate huh...
Here's my best exchange rate story. On our honeymoon we're driving to Belize from NorCal. and outside Chetumal we exchanged all our old pesos for
Belizian Dollars. The exchange from pesos to dollars was understandable because we'd just done that a week before buying them, then 2:1 for Belizian
Dollars.
We spent a great time up the Monkey River and out on Ranguana Cay, and coming back into Mexico there was a NEW peso since we had been gone!
We're heading home, money is already getting tighter, and I'm suddenly standing with my calculator in hand in front of a professional street money
changer at this little frontera and I have NO IDEA what my money is worth or what numbers to punch in.
I counted out my BZ money and he counted out a raft of New Pesos, the value of which I STILL couldn't really understand, and stepped back. Hmmmmm. I
put the calculator screen to my nose and punched in some numbers and held out my hand. He put more pesos in it. I furrowed my brow and punched in more
meaningless numbers shook my head and put my hand back out. He put more pesos in it.
I didn't try it a third time. I figured I had about the best exchange rate I was going to get for my BZ dollars.
Undoubtedly, there are people who cannot afford to give the anchor of sanity even the slightest tug. Sam Harris
"The situation is far too dire for pessimism."
Bill Kauth
Carl Sagan said, "We are a way for the cosmos to know itself."
PEACE, LOVE AND FISH TACOS
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Woooosh
Banned
Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
Member Is Offline
Mood: Luminescent Waves at Rosarito Beach
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| Quote: | Originally posted by Roberto
Pemex in TJ (Sanchez Taboada) was giving 13.8. Banamex was at 13.65!!
Couldn't pass up filling my truck with Diesel. |
you did well. dollars to donuts someone will be taken for 10:1 today. The only place with real competition for the rate is the cluster of exchange
houses in San Ysidro.
\"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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