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Howard
Super Nomad
Posts: 2353
Registered: 11-13-2007
Location: Loreto/Manhattan Beach/Kona
Member Is Offline
Mood: I'd rather regret the things I've done than regret the things I haven't done.
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Exchange rate
FYI
Today in Loreto at the ATM at the bank I wound up getting 11.93 to the $
On 4/22 = 12.19
On 4/17 = 12.12
On 4/15 = 12.02
On 2/19 = 12.66
That is a 6% decline since February 19th.
Thank goodness for happy hour. What this means is that for the same amount of money I can now only drink 94 beers for the price of 100. I can handle
that but it is making me nervous what the future brings. Should I stock up now on Pacifico before it is to late or simply let the peso take it's
course and hope for the best?
[Edited on 5-10-2013 by Howard]
We don't stop playing because we grow old;
we grow old because we stop playing
George Bernard Shaw
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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Money market rate at this moment:
USD/MXN (USDMXN=X)
11.9951
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
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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The USA is weakening the dollar. The eternal war between the Chinese Yuan Renminbi continues. I notice just about every other country of significance
is also devaluing slowly....except Mexico.
They just do not learn. They have stuck a sign onto their rear
"PATEARME!!!"
Even the drug billions being laundered in the stock market by banks isn't going to pull the fat out of the fire.
People with 20K annual income do not drive 7 series BMW's.
A Lot To See And A Lot To Do
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rts551
Elite Nomad
Posts: 6699
Registered: 9-5-2003
Member Is Offline
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David you must not be happy. What a matter....You losing your buying power.
Most of my Mexican neighbors are ecstatic. Their buying power has increased tremendously.
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dorado50
Nomad
Posts: 118
Registered: 12-8-2011
Location: La Jolla, Ca.
Member Is Offline
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time to buy alot of pesos..
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weebray
Super Nomad
Posts: 1094
Registered: 7-19-2010
Location: La Paz
Member Is Offline
Mood: lleno
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MXE
Here's my hedge against a strong peso. MXE a mexican equity fund. The stronger the peso gets the more $ i make.
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
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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May I go on record as encouraging the strongest of PUTS against MXN? If only that were possible in the currency exchange fleecery.
A Lot To See And A Lot To Do
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rts551
Elite Nomad
Posts: 6699
Registered: 9-5-2003
Member Is Offline
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Peso losing value again. 12.43 on the exchange market today. Hope all you guys did not buy a ton of pesos 6 weeks ago.
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sancho
Ultra Nomad
Posts: 2524
Registered: 10-6-2004
Location: OC So Cal
Member Is Offline
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Border xchange at San Ysidro last Thurs. 11.80
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chuckie
Elite Nomad
Posts: 6082
Registered: 2-20-2012
Location: Kansas Prairies
Member Is Offline
Mood: Weary
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Exchange rate is alot like the cost of electricity or gasoline..Mildly interesting, but what are the options? It are what it are....Kinda hard to shop
around...
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bkbend
Senior Nomad
Posts: 693
Registered: 11-27-2003
Location: central OR or central baja
Member Is Offline
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Back to the original question -- do not stock up on your Pacifico, it goes skunky fast in the summer heat if you can't keep all those cases
refrigerated.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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Dollar/Peso at the moment: 12.4330
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
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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This is yet another symptom of today's pseudo-cerveza. It isn't beer. It hasn't been "real beer" since the late 80's. Early on, a person came to Baja
California and drank cerveza "al tiempo" room temperature brew. There wasn't any "chilled" beer or refrescos and Mexicans thought gringos were nuts to
want such a thing. They were convinced beyond a shadow of a doubt that drinking a chilled beverage including water was positively unhealthy.
Room temperature Superior and Carta Blanca was not all that bad. I did not enjoy my first Pacifico until I had reached Cd. Obregon on the other side.
It did not exist in Baja California.
But the taste of today's cerveza is watery bland bogus brew. It's way cheaper to make it this way. If the beer was full of hops are barley like beers
of yesteryear people would drink less. When Cabra brand beer was bought by Gallo in Guatemala the first thing they did was change the formula. More
profitable.
A Lot To See And A Lot To Do
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willardguy
Elite Nomad
Posts: 6451
Registered: 9-19-2009
Member Is Offline
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and just when I thought i'd heard it all
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chuckie
Elite Nomad
Posts: 6082
Registered: 2-20-2012
Location: Kansas Prairies
Member Is Offline
Mood: Weary
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At least its not Miller Lite FYI Saul had Coors lite in the store the other day (why?)
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rts551
Elite Nomad
Posts: 6699
Registered: 9-5-2003
Member Is Offline
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oh, oh. sounds like David bought Pesos.
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CortezBlue
Super Nomad
Posts: 2213
Registered: 11-14-2006
Location: Fenix/San Phelipe
Member Is Offline
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you must not watch Jim Cramer, If you did you would have bought a few thousand US dollars of Pesos, like I did
Cramer is projecting the peso to be 10-1 by Navidad
A combo of great GDP from Mexico and Obama printing money like there is no tomorrow.
Always remember, a government makes more taxes on inflation and less on deflation, thing about it!
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tiotomasbcs
Super Nomad
Posts: 1837
Registered: 7-30-2007
Location: El Pescadero
Member Is Offline
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In NorCal, Skunky is good! And the flooded market is bringing down prices?!
Just spend your money and don't sweat the small stuff as I've been told. Tio
[Edited on 5-23-2013 by tiotomasbcs]
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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 CortezBlue
Cramer is projecting the peso to be 10-1 by Navidad
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Ohhhh...that Cramer. Always kidding around.
12.4902 to one......as we speak.
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
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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December 20,1994 - Banco de México
"We Have Forty Two Billion US Dollars In Currency Reserves !!!"
December 22, 1994
¿"What Dollars - what are you talking about?"
If the Fed raises interest on T Bonds, pesos are going to flow. Ten to 1 by Christmas? You're faded pal. I'll bet any fool willing to risk dollars,
that statement is so laughable it hurts. Go to any big box store. Watch carts carry FOREIGN merchandise to cars perhaps made in Mexico but the PROFITS
go out of the country. Where are the PESOS coming from? Oil? Tourism? Maquiladoras? Tomatoes?
I cashed out of Mexico July 1994. Left holding DINA B stock at 7/8 peso per. I still took a bath percentage wise but thank god three thousand shares
didn't amount to much.
Your money. Your risk. All I ask, is for folks to whine silently.
A Lot To See And A Lot To Do
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