I could be wrong.... but, it looks like since last October when the exchange rate was 11.0 for US currency exchange , our buying power has lost 8%
.... with the rate this morning at 10.2 pesos for one US dollar.
This is huge !!
Those of you still in the USA and your friends have to work harder ... and increase the gross national product so that we can live cheaper and
better in ol' Mexico.
Caboron's conception that 8% US Dollar devaluation against the Mexican Peso is HUGE...
8% sounds like a large number in perspective, but as BMG shows on the chart, the devaluation is somewhat cyclical over the years, and it kinda goes
along with how the US economy is going, and when things don't go so well in Mexico again, the Peso will again decrease against the Greenback.
I guess that gas will now cost those of us who visit Mexico regularly a little more...pehaps somewhat closer to $2.60 per gallon...DARN!
Originally posted by udowinkler
Caboron's conception that 8% US Dollar devaluation against the Mexican Peso is HUGE...
8% sounds like a large number in perspective, but as BMG shows on the chart, the devaluation is somewhat cyclical over the years, and it kinda goes
along with how the US economy is going, and when things don't go so well in Mexico again, the Peso will again decrease against the Greenback.
I guess that gas will now cost those of us who visit Mexico regularly a little more...pehaps somewhat closer to $2.60 per gallon...DARN!
Well then, I hope the peso tanks soon. You may think 8% is not a lot of money, but when you are living on SS pension it can be devastating.
Sorry Ron I guess you will have to cook a couple of more dinners from now on. And please don't hope the Peso tanks, that was not a good era, just
hope the dollar gets stronger.
Strive For The Ideal, But Deal With What\'s Real.
Every day is a new day, better than the day before.(from some song)
Lord, Keep your arm around my shoulder and your hand over my mouth.
“The sincere pursuit of truth requires you to entertain the possibility that everything you believe to be true may in fact be false”
Originally posted by CaboRon
Well then, I hope the peso tanks soon. You may think 8% is not a lot of money, but when you are living on SS pension it can be devastating.
Understood.
The other side of the coin is that the current "strong" peso makes prices more affordable on a lot of things for Mexican wage earners.
--Larry
Well Larry,
That is at direct odds to what is good for me ... and I will have to vote for me ....
Another dupe !! Didn't save much for retirement , eh ?
Sounds like a typical lib whinner !!
Quote:
Well then, I hope the peso tanks soon. You may think 8% is not a lot of money, but when you are living on SS pension it can be devastating. Ron
* libs, all about choice until you choose different
* B. Hussein Obama - an Empty Suit for Empty Minds.
* Annoy a liberal - Work hard and be happy!
* Arguing facts & truth to libs is like bringing a warm smile to a gun fight.
* Lets win the War on Terror
Well Larry, That is at direct odds to what is good for me ... and I will have to vote for me .... CaboRon
* libs, all about choice until you choose different
* B. Hussein Obama - an Empty Suit for Empty Minds.
* Annoy a liberal - Work hard and be happy!
* Arguing facts & truth to libs is like bringing a warm smile to a gun fight.
* Lets win the War on Terror
with PROMISES to "fix everything "?? The "rats--and so far gas prices have DOUBLED since they took over !!
Quote:
Have you seen who is running the US? Let me guess, some how the Left is responsible for the current mess we're in, right?
* libs, all about choice until you choose different
* B. Hussein Obama - an Empty Suit for Empty Minds.
* Annoy a liberal - Work hard and be happy!
* Arguing facts & truth to libs is like bringing a warm smile to a gun fight.
* Lets win the War on Terror
TrashCan, That's right and that's just life ... and if you say that you don't do the same you are a liar.
* libs, all about choice until you choose different
* B. Hussein Obama - an Empty Suit for Empty Minds.
* Annoy a liberal - Work hard and be happy!
* Arguing facts & truth to libs is like bringing a warm smile to a gun fight.
* Lets win the War on Terror
Originally posted by BMG
peso vs dollar - 5 year chart
That's Al Gore's global warming chart. I would prefer the Peso to strengthen at 9:1 or less, it would rid the peninsula of some of the marginal
occupants from other countries.
�I won\'t insult your intelligence by suggesting that you really believe what you just said.� William F. Buckley, Jr.
Geeze buttcan -- just go BACK to off topic. You just can't control yourself, can you?
Don't come over here disturbing the gente, huh?
Honestly, your political brand of ''extremism'' is on it's way out. This thread is about cost of living in Baja. So, back to the thead.
Baja not so bad. More good and only getting better, eh? Cost of living is relative. Definitely cheaper than SoCal. No bad days only good.
Everyday a holiday every meal a banquet.
US Marines: providing enemies of America an opportunity to die for their country since 1775.
What I say before any important decision.
F*ck it.
I come over here to this section and I see some of the same "village idiots" ranting and crying --
to this I add Taco's answer below !
They "fixed" it all right...
increasing inflation
increasing unemployment
increasing interest rates
high oil, gas, and food prices
the stock market is crashing
banks are failing
the mortgage crisis
we’re in a “recession” and on the way to a “depression”
It's certainly not Bush's fault, though, remember:
He's too dumb to get out of a wet paper bag.
He's fifteen cents short of a quarter.
He's as sharp as a bowling ball.
He's got all foam, no beer.
He'd miss shooting the side of a barn from the inside
He's about as swift as a brick cemented in a wall.
He's dumber than a stack of sticks
The light bulb over his head is burned out.
A village in Texas is missing its idiot.
[Edited on 7-19-2008 by beercan]
* libs, all about choice until you choose different
* B. Hussein Obama - an Empty Suit for Empty Minds.
* Annoy a liberal - Work hard and be happy!
* Arguing facts & truth to libs is like bringing a warm smile to a gun fight.
* Lets win the War on Terror
At least I live in Baja--not like you who only dream.
Quote:
This thread is about cost of living in Baja. So, back to the thead.
* libs, all about choice until you choose different
* B. Hussein Obama - an Empty Suit for Empty Minds.
* Annoy a liberal - Work hard and be happy!
* Arguing facts & truth to libs is like bringing a warm smile to a gun fight.
* Lets win the War on Terror
Originally posted by BMG
peso vs dollar - 5 year chart
That's Al Gore's global warming chart. I would prefer the Peso to strengthen at 9:1 or less, it would rid the peninsula of some of the marginal
occupants from other countries.
Hey, while you're at it, take it to 5:1, would ya? I'm about ready for a shopping trip to the U.S.
--Larry
I miss the days when a case of Corona or Pacifico was only M$10,000. As I recall, Bohemia was M$12,000.
If you want the Reader's Digest version of why the dollar is down agains the peso, it is because our Federal Reserve Bank is currently trying to
create a "soft landing" for the recession by keeping the dollar cheap against other currencies. Mexico and Canada's central banks are more interested
in keeping down inflation, so they are keeping their currencies stronger with higher interest rates.
That is why both the peso and the loonie have been stronger recently against the dollar. Yesterday the Mexican central bank, Banexico, raised the
prime rate to 8%.
"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
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