woody with a view
PITA Nomad
Posts: 15940
Registered: 11-8-2004
Location: Looking at the Coronado Islands
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Mood: Everchangin'
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Blame it on Memorial Day
http://finance.yahoo.com/news/mexico-sells-30-mln-daily-1548...
MEXICO CITY, May 25 (Reuters) - The central bank of Mexico sold just $30 million on Monday at an average price of 15.2659 pesos per dollar in a daily
auction of up to $52 million, due to low demand during a U.S. public holiday, the bank said.
It was the first time the bank had sold less than the total on offer at the auction, announced in March, which is aimed at boosting foreign exchange
liquidity following a recent slide in the peso currency.
The bank will offer the remaining $22 million not sold on Monday in Tuesday's auction, the bank said via Twitter, in addition to the $52 million
regularly offered.
Mexico's foreign exchange commission said Friday it would extend the program, set to expire on June 8, until at least Sept. 29, and could take
additional measures to help shield the peso from global volatility.
(Reporting by Alexandra Alper and Jean Luis Arce; Editing by Nick Zieminski)
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wessongroup
Platinum Nomad
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Mood: Suicide Hot line ... please hold
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Where's Carlos Sim .. when ya need him 
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BajaBean
Junior Nomad
Posts: 66
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Time for all us retirees to move to Mexico.
The opposite of love is not hate. It is indifference.
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
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Anyone look at the dollar v Euro rate lately? Strange times.
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Hook
Elite Nomad
Posts: 9011
Registered: 3-13-2004
Location: Sonora
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I'm watching it closely. I suspended my bookings on Homeaway and AirBnB in Europe when it began climbing back up to 1.15/1. Going to Europe this fall,
partly because the dollar was so strong.
Hoping it continues its predicted march to par.....or lower!!!
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BajaNomad
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Thread Moved
5-25-2015 at 10:27 PM |
Udo
Elite Nomad
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Location: Black Hills, SD/Ensenada/San Felipe
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Mood: TEQUILA!
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I don't think that another .15-.20 (up or down) Euros is going to make much difference in spending power...unless you are going to bring back a
$10,000USD grandfather clock from the Black Forest. Or perhaps purchasing a new BMW or Mercedez.
I'm watching it closely. I suspended my bookings on Homeaway and AirBnB in Europe when it began climbing back up to 1.15/1. Going to Europe this fall,
partly because the dollar was so strong.
Hoping it continues its predicted march to par.....or lower!!!
Udo
Youth is wasted on the young!
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
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I remember when it cost 1.5 dollars for a Euro. But all along, the Pound Sterling had even a higher rate. Never understood how the Brits did that.
Pretty sure that the softness in the Euro is tied to the Greek economy, and a few others.
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