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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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PESO TODAY
Now:
14.6614 to one
"YOU CAN'T LITTER ALUMINUM"
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brewer
Nomad
Posts: 419
Registered: 1-4-2011
Location: BCS
Member Is Offline
Mood: Grateful
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Wow...so it's better to try and pay with dollars these days?
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woody with a view
PITA Nomad
Posts: 15939
Registered: 11-8-2004
Location: Looking at the Coronado Islands
Member Is Offline
Mood: Everchangin'
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no, pay with pesos ALWAYS.
when you trade dollars for pesos you get the best rate, otherwise the rate is dictated by the merchant which only favors him/her.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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What Woody says. Why turn a restaurant bill into an international transaction? Keep it simple.
"YOU CAN'T LITTER ALUMINUM"
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ncampion
Super Nomad
Posts: 1238
Registered: 4-15-2006
Location: Loreto
Member Is Offline
Mood: Retired and Loving it
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At the ATM in Loreto I got 14.505 today. That is the actual exchange rate that my bank gave, not just a published rate.
Living Large in Loreto. Off-grid and happy.
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EnsenadaDr
Banned
Posts: 5027
Registered: 9-12-2011
Location: Baja California
Member Is Offline
Mood: Move on. It is just a chapter in the past, but don't close the book- just turn the page
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well I say no matter how high the peso goes, the Mexicans will adjust for inflation. However now's the time to scramble to get your deals in pesos
before they start making adjustments.
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Sweetwater
Senior Nomad
Posts: 915
Registered: 11-26-2010
Member Is Offline
Mood: chilly today hot tomale
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No matter how you slice it, the strength of the dollar vs the peso does not benefit Mexico at any level. It's a huge run up and it's projected to
stay high for a longer period of time.....the lack of stability relative to the past 10 years has got to be outrageous for anyone who lives on
pesos....and it's supposed to continue.
Edit: Just read the following explanation....currency war is on......
| Quote: |
Companies and governments in emerging markets have borrowed in dollars because of the ultralow interest rates available, but they earn the money to
pay those loans back in local currencies. If the local currency is dropping significantly faster than the dollar, then no matter how profitable a
business is, it is sinking deeper into debt with every tick up in the dollar. |
[Edited on 12-22-2014 by Sweetwater]
Everbody\'s preachin\' at me that we all wanna git to heaven, trouble is, nobody wants to die to git there.-BB King
Reality is what does not go away when you stop believing in it. -Philip K Dick
Nothing is worse than active ignorance. Johann Wolfgang von Goethe(1749-1832, German writer, artist and politician)
When choosing between two evils, I always like to try the one I\'ve never tried before. - Mae West
Experience is what keeps a man who makes the same mistake twice from admitting it the third time around.
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güero
Nomad
Posts: 141
Registered: 1-17-2010
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Quote: Originally posted by woody with a view  | no, pay with pesos ALWAYS.
when you trade dollars for pesos you get the best rate, otherwise the rate is dictated by the merchant which only favors him/her.
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Woody,
I wouldn't say "ALWAYS." I live in North Baja and carry both pesos and dollars. Some of the merchants offer a better "tipo de cambio" than the bank
just to get your business & dollars, especially some of the supermarkets.
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Hook
Elite Nomad
Posts: 9009
Registered: 3-13-2004
Location: Sonora
Member Is Offline
Mood: Inquisitive
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I would love to see what forecasts.org's prediction was on the price of oil, six months ago.
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woody with a view
PITA Nomad
Posts: 15939
Registered: 11-8-2004
Location: Looking at the Coronado Islands
Member Is Offline
Mood: Everchangin'
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| Quote: Originally posted by güero | | Quote: Originally posted by woody with a view | no, pay with pesos ALWAYS.
when you trade dollars for pesos you get the best rate, otherwise the rate is dictated by the merchant which only favors him/her.
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Woody,
I wouldn't say "ALWAYS." I live in North Baja and carry both pesos and dollars. Some of the merchants offer a better "tipo de cambio" than the bank
just to get your business & dollars, especially some of the supermarkets. |
yes, I understand. all other times pay in pesos for the best bang for your buck.
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durrelllrobert
Elite Nomad
Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
Member Is Offline
Mood: thriving in Baja
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| Quote: Originally posted by güero | | Quote: Originally posted by woody with a view | no, pay with pesos ALWAYS.
when you trade dollars for pesos you get the best rate, otherwise the rate is dictated by the merchant which only favors him/her.
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Woody,
I wouldn't say "ALWAYS." I live in North Baja and carry both pesos and dollars. Some of the merchants offer a better "tipo de cambio" than the bank
just to get your business & dollars, especially some of the supermarkets. |
Right now most of the PEMEX
stations in Ensenada are quoting tipo de cambio at 14.65 P/$. So if your bill is 1,465 pesos it only costs you $100. If you used that same $100 to get
pesos from an ATM in Ensenada you probably would only get a little over 1400 after you pay the MX bank's commission.
Bob Durrell
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Russ
Elite Nomad
Posts: 6742
Registered: 7-4-2004
Location: Punta Chivato
Member Is Offline
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I got $14.14 in the bank in Mulege this afternoon.
Bahia Concepcion where life starts...given a chance!
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baconjr
Nomad
Posts: 128
Registered: 7-14-2012
Member Is Offline
Mood: Es la vida de perro!
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Here is the link to Mexico's official exchange rate. http://www.sat.gob.mx/Paginas/Inicio.aspx
In the 1970's I worked for a Peso /Gold trader in the exchanges in Chicago and with a International trading giant. With the falling oil prices a
devaluation of the peso might be in the offering. It is a bear knuckle business, no time to have a lot of money in pesos. My boss was short 2 peso
contracts and when they devalued the currency he made $250,000. Prepare for a ride.
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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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I received 14.54 at the ATM in Loreto last Saturday.
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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Today....7-AM
14.7334
"YOU CAN'T LITTER ALUMINUM"
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Sweetwater
Senior Nomad
Posts: 915
Registered: 11-26-2010
Member Is Offline
Mood: chilly today hot tomale
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| Quote: Originally posted by Hook | | I would love to see what forecasts.org's prediction was on the price of oil, six months ago. |
| Quote: |
FFC's Accuracy* Over the Past 50 Months: U.S. Stock Indexes: 97.9% Accurate. International Stock Indexes: 97.8% Accurate. Interest
Rates: 4 Basis Point Error. Exchange Rates: 99.2% Accurate. Prices: 98.0% Accurate. Economics: 99.0% Accurate. |
They are a subscription service and that's their claimed success...click them up and decide for yourself.....
Everbody\'s preachin\' at me that we all wanna git to heaven, trouble is, nobody wants to die to git there.-BB King
Reality is what does not go away when you stop believing in it. -Philip K Dick
Nothing is worse than active ignorance. Johann Wolfgang von Goethe(1749-1832, German writer, artist and politician)
When choosing between two evils, I always like to try the one I\'ve never tried before. - Mae West
Experience is what keeps a man who makes the same mistake twice from admitting it the third time around.
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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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14.718 at the ATM in Loreto on 12/31.
We don't stop playing because we grow old;
we grow old because we stop playing
George Bernard Shaw
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rts551
Elite Nomad
Posts: 6699
Registered: 9-5-2003
Member Is Offline
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Who cares about the peso. what a great New Years Dance tonight. Reserved table 150 pesos. did not worry about dollars.
HAPPY NEW YEAR.
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MitchMan
Super Nomad
Posts: 1856
Registered: 3-9-2009
Member Is Offline
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My fido fee due in January has always been stated in USD from the beginning. When I recently asked them what it would be in Pesos, they used a really
crappy rate not in my favor at all and not reflective of the ATMs. The Mexican people may not be savvy financially, but they know what specifically
benefits them.
Good business practice; can't blame them for maximizing their value legally. It's also the American way.
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aguachico
Senior Nomad
Posts: 602
Registered: 3-23-2007
Location: tijuana
Member Is Offline
Mood: logic cannot get thru to the illogical
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14.7
really peees me off paying for services in Mexico that have a fixed dollar rate. If there's one thing pin che Nieto and his bobos could do is mandate
all prices be fixed in pesos.
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