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Peso dropping


redpepper

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Why would you invest in either? Buy high and sell low??? And, with the current yield of either you would just lose based on current rate of CPI. Have you thought of alternatives? Corporates, high yields, municipals, zero coupons, etc.?

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Maybe some of you should look at the Mexican central bank policy on supporting the peso! That is why the peso has been dropping from 14.60 at 5 am to its current 14.27! And Mr know-it-all the lack of participation in the stock market is not the reason for the fall of the peso but rather the fear factor of the unknown which is driving investors to US bonds and GERMAN bunds!!!

Old news and only partially thrue, my friend. You need to get your facts updated....the world changes every minute,.... talking about a Mr know-it-all....

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The value of a Mexican Peso is not fixed, it “floats”. 3 or 4 years ago it dropped to about 14 to The US Dollar too. It stayed there for about a week or two, just in time to save me a bunch of money on a new, wide screen, flat panel TV. Local prices also rose about 12 % too. The Peso dropped back to between 7 and 8 to The US Dollar in a couple of weeks, but local prices were not lowered.

This too will pass.

Most real estate prices are in Pesos here in the central highlands. Anytime you see a property priced in US Dollars, you know it is overpriced. When you have lived here for a while, you will learn that “patience is its' own reward”.

Rex

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