Kyle Posted October 17, 2016 Report Share Posted October 17, 2016 Need to turn a larger amount of US dollars into pesos within the next few weeks. Should I do it now or wait and hope the exchange rate gets better. What are your pridictions? Thanks Link to comment Share on other sites More sharing options...
tomgates Posted October 17, 2016 Report Share Posted October 17, 2016 Got almost to 20, rallied back to just under 19 and closed Friday at 19.01 (closing fix as posted in the WSJ). It seems to sniff out a Clinton lead and prone to rise. Weakness in the US equity market causes it to weaken. Two opposing trends. Considering that this time a year ago it was under 17, anything in this general area is a gift. Link to comment Share on other sites More sharing options...
El Cartero Posted October 17, 2016 Report Share Posted October 17, 2016 Kyle I think the current US election is throwing any prediction into a coin toss. If you have any convern you could put US dollars into a money market fund with the stipulation ONLY YOU can make the decision when to trade currencies. Link to comment Share on other sites More sharing options...
TelsZ4 Posted October 17, 2016 Report Share Posted October 17, 2016 If anyone could accurately predict the stock or currency markets they would be a very rich person.. Link to comment Share on other sites More sharing options...
Alpha1 Posted October 17, 2016 Report Share Posted October 17, 2016 Some forecasts: https://www.dailyfx.com/usd-mxn http://longforecast.com/fx/mexican-peso-to-us-dollar-forecast-for-2015-2016-and-2017.html https://www.forecasts.org/peso.htm Not sure which "crystal ball" is better... Link to comment Share on other sites More sharing options...
solajijic Posted October 17, 2016 Report Share Posted October 17, 2016 Doesn't anyone negotiate anymore? Go to your bank or investment institution and talk with a manager who can make decisions. Tell them something like, "I want to move $35,000 US ( however much) to my account here but I don't want to miss an advantageous jump in the exchange rate. When you can give me 19.75 (or whatever but be reasonable) let me know and I will execute the move that day." You can bet that manager has someone they can call who will be able to tell them to give you a better rate. You have to ask and you have to tell them what you will do and then follow thru on it. Link to comment Share on other sites More sharing options...
dpds Posted October 17, 2016 Report Share Posted October 17, 2016 As an international banker for over 30 years, there are numerous things that impact the currecy markets. No one has a crystal ball, otherwise I would agree with TelsZ4 that we would all be rich if we knew what was going to happen. The current rates have been very good. Anything above 18 is excellent considering where rates were years back. To request a bank to monitor rates for a future currency buy or sell is not going to happen unless the amount is appreciable since any profit the bank makes on a spead is directly related to the value of the transaction. Anything less than a million US dollars wouldn't warrant the extra work involved since there would be not much additional profit with a movement of 25-50 basis points. Link to comment Share on other sites More sharing options...
bigd Posted October 18, 2016 Report Share Posted October 18, 2016 I think I will leave my 2 million in the United States Bank Link to comment Share on other sites More sharing options...
bezerk Posted October 18, 2016 Report Share Posted October 18, 2016 49 minutes ago, bigd said: I think I will leave my 2 million in the United States Bank awww..come on bigd, can't you share a little with us!!! Link to comment Share on other sites More sharing options...
tomgates Posted October 19, 2016 Report Share Posted October 19, 2016 By TJ Marta(Bloomberg) -- USD/MXN possibly bottoming on 120-min chart,suggesting potential for short-term rally according tostochastics technical study, Bloomberg strategist TJ Martawrites.* USD/MXN stochastics study shows current bearish signal isstale and likely to reverse today* Signal is 30 periods old, greater than the 22 periodaverage during past 2 months* Has been oversold for 44 periods, the longeststretch since late-Sept.* Pair has been stable overnight, holding at roughly 18.60* Technical Support 18.5662 overnight low* Resistance 18.6897 overnight high; 19.0526 Oct. 17 high* NOTE: Stochastic study has successfully indicateddirectional moves 15 of 25 times since Aug. 19; movesconsistent with signals have been about 9% greater, on avg.,than the moves inconsistent with signals* NOTE: Avg. time between signals is 22 2-hr. periods, roughly44 hoursNOTE: TJ Marta is an FX strategist who writes for Bloomberg. Theobservations he makes are his own and are not intened asinvestment advice Link to comment Share on other sites More sharing options...
ericurmudgeon Posted October 21, 2016 Report Share Posted October 21, 2016 WWWWWHHHAAAAAAATTTTT??? Translation please. ??. Link to comment Share on other sites More sharing options...
artsnob Posted October 21, 2016 Report Share Posted October 21, 2016 So what is the exchange rate today..enough tech talk... Link to comment Share on other sites More sharing options...
Lulugirl Posted October 21, 2016 Report Share Posted October 21, 2016 $1.00 = 18.64 which can easily be found in any online currency converter. Link to comment Share on other sites More sharing options...
traderspoc Posted October 22, 2016 Report Share Posted October 22, 2016 no one has a crystal ball, best to buy pesos anytime its over 18 Link to comment Share on other sites More sharing options...
rckrckr Posted October 22, 2016 Report Share Posted October 22, 2016 33 minutes ago, traderspoc said: no one has a crystal ball, best to buy pesos anytime its over 18 Just curious - why is 18 your benchmark? Link to comment Share on other sites More sharing options...
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