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joerover
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why is the peso going down in value?
Why is the peso going down in value?
Are prices going up in MX?
https://www.youtube.com/watch?v=kgbrxF5U2gg
the fat lady is breeding
which means
The fat ladys are breeding
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joerover
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looks like I can get 1/3 more Colombian pesos than 6 months ago-
The Guatemala, Quetzal changed very little in the same time?
why?
https://www.youtube.com/watch?v=imN48YKDHsQ
the fat lady is breeding
which means
The fat ladys are breeding
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pangajohn
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Posts: 14
Registered: 5-15-2015
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Don't know. All I know is last year an ocho of Pacifico was $6.75 and today it is $5. Still 88 pesos for an ice cold ocho. Possibly Gov't regulations
on cervesa?
Gas is relativly the same as last year as is food. Home Depot products are the same. Glad I waited a year longer to build as my project bid is the
same as this time last year except the project is costing 25% less....It's kinda like free beer! More cervesa por favor!
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chuckie
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Factors, effecting circumstances, which may or may not be impacted by conditions often or frequently cause fluctuations...depending on the lunar cycle
of course....And then there is of course the Cerveza variable..after 5 or 7, it just don't matter...
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Bajahowodd
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China devalued the Yuan and all Hell broke loose in the stock and currency markets.
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chuckie
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Really? You must have a TV....
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vandenberg
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Maybe a nickname of "Cynical Chuckie" would be in order??
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chuckie
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Got kind of a nice ring to it, eh? "CC" for short.....
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SlyOnce
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oil prices are falling. Now under $40/barrel and due to go even lower when Iran sanctions are lifted. Many reasons among them recession (less
demand) in China. China is now one of the economies that drives the world.
US dollar is tied to the price of oil. Lower oil means the dollar buys more, including more oil and of course more MX pesos.
MX's gross national product has also declined to 2% from 2.5
All this means peso is going down like a rock. I see no end in sight, perhaps around 20? I am not "going long" in pesos just yet. What I am doing
is trying to find the place to buy pesos where I get closest to 17 AND NEVER PAY IN US DOLLARS anywhere in MX unless the RATE is posted and you
confirm that you are getting that rate. For example Walmart has posted 16.5, Commercial Mexicana 16.6 and I'm only getting about 16 from my ATM so
those are good values. PEMEX also has a posted rate at the station in the 16 range BUT PEMEX short changes you on liters so I usually buy gas in US.
Rampant inflation in MX will soon follow. I am already seeing food prices (the ultimate harbinger of inflation, along with gas) going up in MX
stores. For example a package of carne desembrada was 79 pesos, now 86.
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bajabuddha
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First of all, the original question has got to be one of the silliest yet; JoeTroller strikes again with his usual Mexico bashing (subtly, of course).
Secondly, anyone who has spent any time in Baja for a number of years has seen the prices go up every time the peso goes up, sometimes on less than a
weekly basis. I've seen the little price-stickers on foodstuffs sometimes 5-deep, one on top of the last, when the peso has devalued rapidly.
Lastly, anyone who really can answer that question to begin with would probably win a Nobel Prize for economics.
I don't have a BUCKET LIST, but I do have a F***- IT LIST a mile long!
86 - 45*
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JoeJustJoe
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Quote: Originally posted by bajabuddha  | First of all, the original question has got to be one of the silliest yet; JoeTroller strikes again with his usual Mexico bashing (subtly, of course).
Secondly, anyone who has spent any time in Baja for a number of years has seen the prices go up every time the peso goes up, sometimes on less than a
weekly basis. I've seen the little price-stickers on foodstuffs sometimes 5-deep, one on top of the last, when the peso has devalued rapidly.
Lastly, anyone who really can answer that question to begin with would probably win a Nobel Prize for economics. |
I agree, and there are already many recent threads on this subject in this month alone:
http://forums.bajanomad.com/viewthread.php?tid=79787
http://forums.bajanomad.com/viewthread.php?tid=79988#pid9966...
http://forums.bajanomad.com/viewthread.php?tid=79799#pid9945...
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StuckSucks
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gnukid
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IMHO It is no so much that the MX peso is going down as the US $ is increasing it's value relative to other currencies such as Yuan and Ruble. Except
that many products in Mexico come from US but those that don't or are regulated are now lower compared to the US$. As well, while Mexico is strong,
has resource capital, corruption remains a huge drag on the economy that affects the large population.
To me it seems like a good time to make needed purchases and payments such as home improvement and enjoy Baja.
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Bob and Susan
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a normal tourist CAN NOT get 17.1 right now...
maybe 16.1 or 16.2
still that's a good rate...
time to cross the border and vacation in mexico
against last year for every $100 you get in pesos
you get an extra $25 to spend
pretty good deal...at least right now
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pangajohn
Newbie
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??? If you only get 16 when the peso is 17 are "you" saying you were getting 13 when the peso was 13 a year ago? It does not matter what it IS you
get. It is all relative. The price for goods here in BCS is still the same. I don't understand the logic that if you have to give the ATM or bank a
1/2 persentage that it even make a difference. It is still goods for goods!!
Going out to get a cold ocho for 88 pesos....same as last year just 25% cheaper!
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joerover
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budda is a scientologist and uses radiation to destroy peoples minds
chuckie is a woody with a chickie name and a scientologist
get the trash of the web
the fat lady is breeding
which means
The fat ladys are breeding
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Hook
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Oil up, peso up.
Oil down, peso down.
That's the way it's been, lately.
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wessongroup
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Hey ... joerover ... thanks for the music ... been a while on those 
Best of luck to all ... on "money"
Kinda liked "it just don't matter... "
As what ya gonna do ... other than pay or barter
[Edited on 9-3-2015 by wessongroup]
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bajagrouper
Senior Nomad
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USD up, peso down.......
I hear the whales song
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bajabuddha
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| Quote: Originally posted by joerover | budda is a scientologist and uses radiation to destroy peoples minds
chuckie is a woody with a chickie name and a scientologist
get the trash of the web |
TROLL ALERT. Trash off the web? Yes, pleeze.
At leest we kan spel.
Ya fuggin' troll, ya.
Keep on keepin' on, Rover. Don't roll over, just play dead.... just for a little while, K?
I don't have a BUCKET LIST, but I do have a F***- IT LIST a mile long!
86 - 45*
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