Floradude Posted January 15, 2016 Report Share Posted January 15, 2016 A new record ? 1 USD = 18.1332 pesos 15 January Link to comment Share on other sites More sharing options...
El Saltos Posted January 15, 2016 Report Share Posted January 15, 2016 You'll see more as the year progresses. Link to comment Share on other sites More sharing options...
Al Berca Posted January 15, 2016 Report Share Posted January 15, 2016 New records have been set regularly for the past two or three months and are expected to continue for a while longer. Link to comment Share on other sites More sharing options...
El Saltos Posted January 15, 2016 Report Share Posted January 15, 2016 Like maybe 2 years! Link to comment Share on other sites More sharing options...
snowyco Posted January 16, 2016 Report Share Posted January 16, 2016 No hope in sight for the slide to stop.$20 a bbl oil on the horizon?Oil dropped below $30 a bbl ... due to just 95 million bbls per day consumed and 96.5 million bbls a day being pumped... plus the Iranians plan to start pumping an additional 1 million bbls a day by next summer with the impending lifting of sanctions... plus the Iranians plan to use the upcoming thaw of $150 billion of their previously frozen assets to fix their broken oil-infrastructure, to add yet another 1 million bbls of new oil by late this year from fixing their broken infrastructure... plus the Iranians plan to ADD yet another 1 million bbls of oil a day in 2-3 years by increasing capacity with their thawed $150 billion ...just how will Mexican oil revenues recover ?. . and if the Saudi's go through with an IPO of Aramco ... giving them a massive infusion of possibly $6 TRILLION ,,,just how far will the MXN peso continue to drop ? Link to comment Share on other sites More sharing options...
johanson Posted January 16, 2016 Report Share Posted January 16, 2016 And I thought 17.9 was outstanding. Shows you what I know Link to comment Share on other sites More sharing options...
nana Posted January 16, 2016 Report Share Posted January 16, 2016 No hope in sight for the slide to stop. $20 a bbl oil on the horizon? Oil dropped below $30 a bbl ... due to just 95 million bbls per day consumed and 96.5 million bbls a day being pumped ... plus the Iranians plan to start pumping an additional 1 million bbls a day by next summer with the impending lifting of sanctions ... plus the Iranians plan to use the upcoming thaw of $150 billion of their previously frozen assets to fix their broken oil-infrastructure, to add yet another 1 million bbls of new oil by late this year from fixing their broken infrastructure ... plus the Iranians plan to ADD yet another 1 million bbls of oil a day in 2-3 years by increasing capacity with their thawed $150 billion ... just how will Mexican oil revenues recover ? . . and if the Saudi's go through with an IPO of Aramco ... giving them a massive infusion of possibly $6 TRILLION ,,, just how far will the MXN peso continue to drop ? I would say: How far will the US dollar continue to rise? The US currency affects Canada, Europe and the rest of the world. It's not Mexico's currency that is dropping, it's the US currency that is strong. A different perspective. Link to comment Share on other sites More sharing options...
traderspoc Posted January 16, 2016 Report Share Posted January 16, 2016 peso oversold buy now get over 18 Link to comment Share on other sites More sharing options...
Gilligan Posted January 16, 2016 Report Share Posted January 16, 2016 Could last a while due to oil, we'll see. Wasn't the USD supposed to be in the tank and the US like Greece? Link to comment Share on other sites More sharing options...
El Saltos Posted January 16, 2016 Report Share Posted January 16, 2016 No. Link to comment Share on other sites More sharing options...
snowyco Posted January 16, 2016 Report Share Posted January 16, 2016 I would say: How far will the US dollar continue to rise? The US currency affects Canada, Europe and the rest of the world. It's not Mexico's currency that is dropping, it's the US currency that is strong. A different perspective. . The idea that the MXN peso & Canadian Loonie are not falling sounds cool, due to supposed 'US Dollar strength', as continually repeated by the CBS, NBC, et al's talking heads. but the last 12 months of stable Yen vs USDollar exchange rates and 12 months of fairly stable Euro vs USD exchange rates show that the US Dollar really has NOT been getting stronger overall. The MXN peso and the Loonie have fallen at least 33% in value at exactly the same 14 months that oil prices have fallen from $93 a bbl down to under $30 a bbl. http://www.nasdaq.com/markets/crude-oil.aspx?timeframe=2y If the USD really was 'getting stronger' , then why has it's value stayed pretty flat over the last 12 months vs the Yen & Euro ? http://www.xe.com/currencycharts/?from=USD&to=EUR&view=2Y Europe has been struggling, as France, Spain, and Italy's serious economic problems continue + various crises in Greece + plus the huge expensive African-Syrian migration problems continue to drag heavily on the Euro? The Japanese economy has been slipping and sliding, yet over the last 14 months, the USD has NOT gained on the Yen at all. http://www.xe.com/currencycharts/?from=USD&to=JPY&view=2Y# Link to comment Share on other sites More sharing options...
snowyco Posted January 16, 2016 Report Share Posted January 16, 2016 Since the Loonie and MXN peso still depend on strong oil prices, then as long as the price of oil continues to drop ... or just stays very low, both the Loonie and MXH peso will likely remain weak or get weaker vs the USD, Yen, & Euro. Link to comment Share on other sites More sharing options...
cbviajero Posted January 16, 2016 Report Share Posted January 16, 2016 . The idea that the MXN peso & Canadian Loonie are not falling sounds cool, due to supposed as continually repeated by the CBS, NBC, et al's talking heads. Talk about "talking heads",haha,el burro hablando de orejas.. Link to comment Share on other sites More sharing options...
snowyco Posted January 18, 2016 Report Share Posted January 18, 2016 Talk about "talking heads",haha,el burro hablando de orejas.. . Better to be the burro's ears ... than the burro's rear. As predicted, the MXN peso just dropped another 2% today ... falling by 0.4 in just one day, as the Iranians announced today that they will be quickly increasing oil production by 500,000 barrels a day. S&P 500 and NASDAQ tumble another 2%, today, on the news of Iran's increased oil production. The US stock exchanges have fallen from 17,700 down to 16,000 ~ an 11% loss ~ in just 3 weeks as oil prices tumble. Americans expats (retirees?) with retirement accounts and other Americans have seen $2.3 Trillion dollar losses in savings ... http://www.usatoday.com/story/money/markets/2016/01/15/gone-stocks-rob-15t-investors-year/78845082/ just in 2016 ... as oil and the MXN peso continue to slide. or should we just ignore it all ... bury our heads in the sand ... and resort to personal insults ? Link to comment Share on other sites More sharing options...
snowyco Posted January 18, 2016 Report Share Posted January 18, 2016 Why should expats care about falling MXN peso values?If you stocked-up on pesos last week, or since the start of 2016, your stash of pesos just lost 2% - 6%. Link to comment Share on other sites More sharing options...
pappysmarket Posted January 18, 2016 Report Share Posted January 18, 2016 I see at 4:25 today the peso has strengthened to 18.22 from a low of 18.28. Link to comment Share on other sites More sharing options...
Mainecoons Posted January 18, 2016 Report Share Posted January 18, 2016 It's all about oil. When oil reverses, so will the Peso. Mexico could help the Peso by increasing cete rates. When the buck is high, you buy pesos and spend them. When the buck is low, you use the pesos you have here. Link to comment Share on other sites More sharing options...
kiminmexico Posted January 19, 2016 Report Share Posted January 19, 2016 Edited by Moderator. No partisan politics on this board, Kimi. If you want to discuss policies and their impact in general we are cutting some slack for those discussions. If you want to advocate or attack specific candidates, nope not here. Thanks. Link to comment Share on other sites More sharing options...
cbviajero Posted January 19, 2016 Report Share Posted January 19, 2016 See edited post above. Link to comment Share on other sites More sharing options...
RickS Posted January 19, 2016 Report Share Posted January 19, 2016 EDIT: Post deleted as it no longer makes any sense since other Posts deleted..... Link to comment Share on other sites More sharing options...
Cookie Posted January 19, 2016 Report Share Posted January 19, 2016 I certainly hope so. Link to comment Share on other sites More sharing options...
pappysmarket Posted January 20, 2016 Report Share Posted January 20, 2016 Hold onto your dollars, you may get an even better exchange later on. Dow down over 400 and the dollar buys 18.5 pesos. Link to comment Share on other sites More sharing options...
Islander Posted January 21, 2016 Report Share Posted January 21, 2016 Canadians snowbirding to US might end up in Mexico .(due to high US$) Canadian $ keeps in pace with MXN. Most of our Canadian friends are snowbirding to Arizona right now. Link to comment Share on other sites More sharing options...
pappysmarket Posted January 21, 2016 Report Share Posted January 21, 2016 A bright side for Mexico is the huge amount of remittances coming from the US in dollars now buys a whole lot more pesos for the recipients. A couple of years ago I read an astounding statistic: After oil revenues, remittances from abroad were the second leading component of the Mexican economy, ahead of tourism, manufacturing and mining. That may or may not still be true. Link to comment Share on other sites More sharing options...
nomames Posted January 21, 2016 Report Share Posted January 21, 2016 . The idea that the MXN peso & Canadian Loonie are not falling sounds cool, due to supposed 'US Dollar strength', as continually repeated by the CBS, NBC, et al's talking heads. but the last 12 months of stable Yen vs USDollar exchange rates and 12 months of fairly stable Euro vs USD exchange rates show that the US Dollar really has NOT been getting stronger overall. The MXN peso and the Loonie have fallen at least 33% in value at exactly the same 14 months that oil prices have fallen from $93 a bbl down to under $30 a bbl. http://www.nasdaq.com/markets/crude-oil.aspx?timeframe=2y If the USD really was 'getting stronger' , then why has it's value stayed pretty flat over the last 12 months vs the Yen & Euro ? http://www.xe.com/currencycharts/?from=USD&to=EUR&view=2Y Europe has been struggling, as France, Spain, and Italy's serious economic problems continue + various crises in Greece + plus the huge expensive African-Syrian migration problems continue to drag heavily on the Euro? The Japanese economy has been slipping and sliding, yet over the last 14 months, the USD has NOT gained on the Yen at all. http://www.xe.com/currencycharts/?from=USD&to=JPY&view=2Y# I follow many currencies daily due to by work. What i have seen, anecdotally, is the canaddian Dollar and Australian Dollar (AUS took a huge hit last year) seam to be pegged. The USD and the EUR also, 1 dollar = .92 euros for over a year. Yenn I don't follow but from what you say it seams to be the same. My guess is that countries are pegging their exchange rate to other in order to prevent a free fall. Not sure how legal or wise that is, but it seams very obvious to me that is what it happening. Costs for business in mexico are going up drastically because of the dollar, though prices so far have not gone up, at last not nearly by what the costs to businesses have. Interesting with the regime change in Argentina they are no longer manipulating their currency and let the free market decide. No more black market (dollar Blue) and Argentina is back open for business. Lets just hope this helps them pay their debt the K's left behind. My opinion if you have USD, travel internationally NOW!!! Link to comment Share on other sites More sharing options...
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