BajaNomad
Not logged in [Login - Register]

Go To Bottom
Printable Version  
 Pages:  1  2  
Author: Subject: Peso crashing???
Hook
Elite Nomad
******




Posts: 9011
Registered: 3-13-2004
Location: Sonora
Member Is Offline

Mood: Inquisitive

[*] posted on 7-18-2015 at 12:16 PM


One of the more reliable personal weather stations on the Sea of Cortez. Just a few miles, as the crow flies, from B and S.

Generally, expect a few more breezes at B and S. That's a good thing, this time of year.

http://www.wunderground.com/cgi-bin/findweather/getForecast?...

Click on the satellite tab above the small map on the right. It will give you an idea if there are t-storms around.

[Edited on 7-18-2015 by Hook]
View user's profile
Alm
Ultra Nomad
*****




Posts: 2745
Registered: 5-10-2011
Member Is Offline


[*] posted on 7-19-2015 at 01:30 PM


Quote: Originally posted by monoloco  
The peso is not really falling, the dollar is rising relative to just about every currency.

Yes.

From my Canadian prospective, this is exactly what happens. Pesos didn't change much in $CAD, but $US is more expensive to buy. Even before the last week interest rate drop in Canada, $US cost 10-15% more than a year ago.

I doubt tourists will gain much - most anything goes up, when $US goes up relatively to peso.
View user's profile
CortezBlue
Super Nomad
****


Avatar


Posts: 2213
Registered: 11-14-2006
Location: Fenix/San Phelipe
Member Is Offline


[*] posted on 7-20-2015 at 01:59 AM


As a wells fargo banker, I use my local branch in Fenix and get a really good rate.

I prepay my cfe bill when it is this low

Also for all of you who are affraid to use an ATM, I created a travel account. I transfer, lets say, $199 to the account and then go to the atm and withdraw $100

even if I get Skimmed, my day to day account is immune and very little cash is at risk




“Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.”
- Albert Einstein

Follow Cortez Blue
www.cortezblue.com

We put the FUNK in disFUNKtion
View user's profile Visit user's homepage
Hook
Elite Nomad
******




Posts: 9011
Registered: 3-13-2004
Location: Sonora
Member Is Offline

Mood: Inquisitive

[*] posted on 7-20-2015 at 09:35 AM


The dollar topped 16/1 briefly, this AM. Still above 15.9.
View user's profile
durrelllrobert
Elite Nomad
******




Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
Member Is Offline

Mood: thriving in Baja

[*] posted on 7-20-2015 at 11:24 AM


Quote: Originally posted by Bob and Susan  
the best spot for a tourist to get pesos just before you cross the border

they have a drive-up...no need to get out of the car

they also sell Mexican insurance if you forgot to buy it from "bajabound insurance" online

last usa exit
buy pesos
hop back on the freeway and enter mexico

they have the best rate and no commission
they open at 7am



[Edited on 7-18-2015 by Bob and Susan]


..but after you get the pesos it's usually hard to turn right onto Camino de la Plaza because all the trafic coming from the outlet malls is backed up from the last signal light and won't let you in (my experience anyway).




Bob Durrell
View user's profile
Hook
Elite Nomad
******




Posts: 9011
Registered: 3-13-2004
Location: Sonora
Member Is Offline

Mood: Inquisitive

[*] posted on 7-20-2015 at 11:29 AM


Holding above 16.0, as commodities are crashing.

If gold and oil continue down, it cant be good for the Looney. CAD now worth less than .77 to the USD.
View user's profile
durrelllrobert
Elite Nomad
******




Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
Member Is Offline

Mood: thriving in Baja

[*] posted on 7-20-2015 at 02:55 PM


Quote: Originally posted by Hook  
Holding above 16.0, as commodities are crashing.

If gold and oil continue down, it cant be good for the Looney. CAD now worth less than .77 to the USD.


My wife just paid for her month long car rental fro Hertz in Edmonton and they wouldn't accept CAD since reservation was quoted in USD over the internet.




Bob Durrell
View user's profile
LaTijereta
Super Nomad
****


Avatar


Posts: 1192
Registered: 8-27-2003
Location: Loreto
Member Is Offline


[*] posted on 7-20-2015 at 03:14 PM


Quote: Originally posted by durrelllrobert  
[

My wife just paid for her month long car rental fro Hertz in Edmonton and they wouldn't accept CAD since reservation was quoted in USD over the internet.


Time to ask for an "upgrade"... :biggrin:




Democracy is like two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote.

Ben Franklin (1759)
View user's profile
Fatboy
Senior Nomad
***




Posts: 801
Registered: 6-28-2005
Member Is Offline


[*] posted on 7-20-2015 at 03:41 PM


So it has been said here and before that local business raise their prices when this happens with peso.... what about Pemex stations does it stay at X peso/liter?

It seems my biggest expense is fuel and it would certainly help to have it stay around 16 to 1.

Any thoughts?
View user's profile
Bob and Susan
Elite Nomad
******


Avatar


Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
Member Is Offline

Mood: Full Time Residents

[*] posted on 7-20-2015 at 04:10 PM


Quote: Originally posted by Fatboy  
...It seems my biggest expense is fuel and it would certainly help to have it stay around 16 to 1.

Any thoughts?


you can't get 16 to one...yet

figure today 15.5 at the border...still good...really good...
buy pesos spend pesos...change them back when you return




our website is:
http://www.mulege.org
View user's profile Visit user's homepage
ignatz
Newbie





Posts: 23
Registered: 5-6-2014
Location: San Jose del Cabo
Member Is Offline


[*] posted on 7-20-2015 at 05:55 PM


What's getting funny is all the businesses in San Lucas and San Jose which write all their prices in USD... you get the credit card print out and it's in Pesos and if you do the math you just saved 10% to 15% off the USD price because their USD price was calculated when it was 14 Pesos to a dollar.
View user's profile
Bruce R Leech
Elite Nomad
******


Avatar


Posts: 6796
Registered: 9-20-2004
Location: Ensenada formerly Mulege
Member Is Offline

Mood: A lot cooler than Mulege

[*] posted on 7-20-2015 at 06:04 PM


15.85 at Banorte today ATM



Bruce R Leech
Ensenada

View user's profile
Hook
Elite Nomad
******




Posts: 9011
Registered: 3-13-2004
Location: Sonora
Member Is Offline

Mood: Inquisitive

[*] posted on 7-20-2015 at 08:05 PM


Walmart has a sign out front today stating:

Casas de cambios 15.10

Walmart 15.66
View user's profile
Hook
Elite Nomad
******




Posts: 9011
Registered: 3-13-2004
Location: Sonora
Member Is Offline

Mood: Inquisitive

[*] posted on 7-23-2015 at 01:59 PM


It has topped 16.2 today.

Oil is now below 49/barrel for WTI futures. That is probably the reason.

Looney now at .767/USD. Commodity based currencies not fairing well.
View user's profile
Hook
Elite Nomad
******




Posts: 9011
Registered: 3-13-2004
Location: Sonora
Member Is Offline

Mood: Inquisitive

[*] posted on 7-23-2015 at 04:28 PM


Quote: Originally posted by Bruce R Leech  
15.85 at Banorte today ATM


The ATM in Mexico you use is probably immaterial, unless they have really high ATM fees.

What bank card did you use? For that day, that was a very good rate.
View user's profile
pangajohn
Newbie





Posts: 14
Registered: 5-15-2015
Location: BCS
Member Is Offline


[*] posted on 7-23-2015 at 07:34 PM


All OXXO'S and pemex's are at 15.7 near and around La Paz! Time to build?
View user's profile
SFandH
Elite Nomad
******




Posts: 7215
Registered: 8-5-2011
Member Is Offline


[*] posted on 7-30-2015 at 11:23 AM


"The peso slid 1.1 percent to 16.4708 per U.S. dollar as of 1:13 p.m. in Mexico City, sinking the most since June 5. Mexico’s currency has lost 10 percent this year."

http://www.bloomberg.com/news/articles/2015-07-30/mexico-pes...

100 pesos = 100/16.47 = $6.07
View user's profile
StuckSucks
Super Nomad
****




Posts: 2339
Registered: 10-17-2013
Member Is Offline


[*] posted on 7-30-2015 at 11:46 AM






View user's profile
Bob and Susan
Elite Nomad
******


Avatar


Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
Member Is Offline

Mood: Full Time Residents

[*] posted on 7-30-2015 at 12:37 PM


"real" rate for a tourist yesterday at the border

15.6 pesos to the dollar




our website is:
http://www.mulege.org
View user's profile Visit user's homepage
chuckie
Elite Nomad
******




Posts: 6082
Registered: 2-20-2012
Location: Kansas Prairies
Member Is Offline

Mood: Weary

[*] posted on 7-30-2015 at 01:01 PM


How did you determine that was the "real" rate??



View user's profile
 Pages:  1  2  

  Go To Top

 






All Content Copyright 1997- Q87 International; All Rights Reserved.
Powered by XMB; XMB Forum Software © 2001-2014 The XMB Group






"If it were lush and rich, one could understand the pull, but it is fierce and hostile and sullen. The stone mountains pile up to the sky and there is little fresh water. But we know we must go back if we live, and we don't know why." - Steinbeck, Log from the Sea of Cortez

 

"People don't care how much you know, until they know how much you care." - Theodore Roosevelt

 

"You can easily judge the character of others by how they treat those who they think can do nothing for them or to them." - Malcolm Forbes

 

"Let others lead small lives, but not you. Let others argue over small things, but not you. Let others cry over small hurts, but not you. Let others leave their future in someone else's hands, but not you." - Jim Rohn

 

"The best way to get the right answer on the internet is not to ask a question; it's to post the wrong answer." - Cunningham's Law







Thank you to Baja Bound Mexico Insurance Services for your long-term support of the BajaNomad.com Forums site.







Emergency Baja Contacts Include:

Desert Hawks; El Rosario-based ambulance transport; Emergency #: (616) 103-0262