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bajabif
Banned
Posts: 72
Registered: 12-10-2008
Member Is Offline
Mood: moon rock
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Dollars to Pesos
Is this not great for us that live off the dollar! Almost 30-40 percent more buying power in Mexico. Is this a bad thing or could it be a bad thing?
Anybody but CaboRon can answer.
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bajabound2005
Ultra Nomad
Posts: 2760
Registered: 10-15-2005
Location: Punta Banda, BCN
Member Is Offline
Mood: words cannot describe...
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good for Americans, bad for Mexicans. Especially for those that have rent, etc, leases written in dollars....they are losing their spaces right and
left. They earn pesos but have to pay in dollars. Works out to about a 30% increase. Store fronts are closing up, people having to move to new
homes.
Friends don't let friends drink white zinfandel.
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bajabif
Banned
Posts: 72
Registered: 12-10-2008
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Mood: moon rock
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cash machine santander from BOA 13.75 today...what a beautiful thing. Noboby felt bad 4 me when the dollar was down to 9 pesos.
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ckiefer
Nomad
Posts: 258
Registered: 12-12-2007
Location: LaJolla
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| Quote: | Originally posted by bajabound2005
good for Americans, bad for Mexicans. Especially for those that have rent, etc, leases written in dollars....they are losing their spaces right and
left. They earn pesos but have to pay in dollars. Works out to about a 30% increase. Store fronts are closing up, people having to move to new
homes. |
Must be renting from gringos if the contract is written in dollars, no?
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Bob and Susan
Elite Nomad
Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
Member Is Offline
Mood: Full Time Residents
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my retirement is in dollars...thanks usa govt
i retired with 10 to 1
i got a 30% retirement income increase with this...
now...later...i may have to take a "pay cut" if the peso drops
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Bajajorge
Ultra Nomad
Posts: 2604
Registered: 10-13-2005
Location: Topaz Lake, NV/San Felipe
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With Pesos at 13.7 it makes it quite profitible to be in the Baja at present. Go to the bank and exchange $100US and get 13,700 Pesos. Take those
Pesos to the local money exchange and cash them in for US Dollars at about 12.5, you get $125US back. Quite profitible. This all takes not even an
hour. In San Felipe most of the Mexican vendors are still working on 10 to 1. Again, life's good in Baja.
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bajabif
Banned
Posts: 72
Registered: 12-10-2008
Member Is Offline
Mood: moon rock
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BajaJorge, you must be going to the bank with a gun. Thats illegal. Or is your math just wrong?
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bajabif
Banned
Posts: 72
Registered: 12-10-2008
Member Is Offline
Mood: moon rock
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exchange $100US and get 13,700 Pesos. thats called bank robbery. even if you do give them 100 dollars
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Dave
Elite Nomad
Posts: 6005
Registered: 11-5-2002
Member Is Offline
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| Quote: | Originally posted by ckiefer
| Quote: | Originally posted by bajabound2005
good for Americans, bad for Mexicans. Especially for those that have rent, etc, leases written in dollars....they are losing their spaces right and
left. They earn pesos but have to pay in dollars. Works out to about a 30% increase. Store fronts are closing up, people having to move to new
homes. |
Must be renting from gringos if the contract is written in dollars, no? |
Regardless how the contract is written it is illegal to refuse payment in pesos.
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BornFisher
Super Nomad
Posts: 2107
Registered: 1-11-2005
Location: K-38 Santa Martha/Encinitas
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125 goesinta 13700 109.6 times. NOT 125 TIMES!!!!!
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Dave
Elite Nomad
Posts: 6005
Registered: 11-5-2002
Member Is Offline
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Hey Jethro
| Quote: | Originally posted by BornFisher
125 goesinta 13700 109.6 times. NOT 125 TIMES!!!!! |
It's gozinta. 
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mtgoat666
Select Nomad
Posts: 18400
Registered: 9-16-2006
Location: San Diego
Member Is Offline
Mood: Hot n spicy
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| Quote: | Originally posted by Bajajorge
With Pesos at 13.7 it makes it quite profitible to be in the Baja at present. Go to the bank and exchange $100US and get 13,700 Pesos. Take those
Pesos to the local money exchange and cash them in for US Dollars at about 12.5, you get $125US back. Quite profitible. This all takes not even an
hour. In San Felipe most of the Mexican vendors are still working on 10 to 1. Again, life's good in Baja. |
bajajorge,
you are a regular George Soros, eh? I think Soros has better math skills.
fyi, jorge, 13.7 x 100 = 1370
1370/12.5 = 109.6
p.s. don't quit your day job, doubt your currency trading is going to pay the bills
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Bajajorge
Ultra Nomad
Posts: 2604
Registered: 10-13-2005
Location: Topaz Lake, NV/San Felipe
Member Is Offline
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My math might be off, but it's still a profit. I'm only a nickel and dimer, but
I bet Soros or that other billionaire, ya know, the one with the funny hairdo started small too.
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The Gull
Super Nomad
Posts: 2223
Registered: 8-28-2003
Location: Rancho Descanso, BCN
Member Is Offline
Mood: High
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B-jorge, ignore those math wizards, keep drinking.
�I won\'t insult your intelligence by suggesting that you really believe what you just said.� William F. Buckley, Jr.
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Bob and Susan
Elite Nomad
Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
Member Is Offline
Mood: Full Time Residents
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i got 13.55 at the bank yesterday here in mulege
so gas is 2.07 a gallon
diesel is 1.97 a gallon
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mulege marv
Senior Nomad
Posts: 652
Registered: 10-8-2004
Location: san carlos / grass valley, calif.
Member Is Offline
Mood: relaxed
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you forgot
you forgot to tack on the 20% shortage. the pemex in mulege can put 12 gallons in a 10 gallon can, its amazing !
[Edited on 1-7-2009 by mulege marv]
Want what you have
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Bajajorge
Ultra Nomad
Posts: 2604
Registered: 10-13-2005
Location: Topaz Lake, NV/San Felipe
Member Is Offline
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| Quote: | Originally posted by mulege marv
you forgot to tack on the 20% shortage. the pemex in mulege can put 12 gallons in a 10 gallon can, its amazing !
[Edited on 1-7-2009 by mulege marv] |
How come that only happens at Pemex stations and not when I buy Tequila? And besides the damn worm is always dead. Keep drinkin? Hell yeah.
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tim40
Senior Nomad
Posts: 574
Registered: 3-29-2004
Location: Manhattan Beach
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Mood: There yet?
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I am certain there is a different position of the impact for every person in Mexico. I share with you that the business that I am 50% owner of in
Mainland that deals only in pesos and has about 60% of gross income earned from Gringos is doing wonderful, thank you very much. My costs of business
have NOT went up that much and thanks to the better than could have been dreamed of exchange rate we have 25% more business from this time last
year.....sometimes volume is a wonderful thing. By the way, my partner and employees all natives are doing equally as well with the depressed peso.
Where it would be a problem are those places that have just become part of South Los Angeles and tie everything to the dollar....much more common in
Baja than Mainland....although my primary love will always be Baja.
When searching for the end of your rainbow you only have until dusk....
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Bob and Susan
Elite Nomad
Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
Member Is Offline
Mood: Full Time Residents
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not on the NEW diesel pump
i was standing there when profepa stopped by
and did a suprise inspection
the diesel pump PASSED!!!
your can MUST have expanded the plastic in the HEAT
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The Gull
Super Nomad
Posts: 2223
Registered: 8-28-2003
Location: Rancho Descanso, BCN
Member Is Offline
Mood: High
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| Quote: | Originally posted by mulege marv
you forgot to tack on the 20% shortage. the pemex in mulege can put 12 gallons in a 10 gallon can, its amazing ! |
They pump metric gallons.
�I won\'t insult your intelligence by suggesting that you really believe what you just said.� William F. Buckley, Jr.
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