utilitus Posted March 19, 2019 Report Share Posted March 19, 2019 The exchange rate for Mexican pesos per U.S. dollar (USDMXN) has just fallen below 19. This means the peso has gained about 7% against the USD since last November. Link to comment Share on other sites More sharing options...
geeser Posted March 19, 2019 Report Share Posted March 19, 2019 The US President and Sec Commerce want to the U$D weaker as it increases exports. So more weakening is likely this year. It certainly doesn't help me but I know it helps trade. Link to comment Share on other sites More sharing options...
Floradude Posted March 19, 2019 Report Share Posted March 19, 2019 A little up this AM... From USDUS Dollar To MXNMexican Peso 1USD = 19.0386MXN 1 MXN = 0.0525249 USD1 USD = 1 Link to comment Share on other sites More sharing options...
AngusMactavish Posted March 19, 2019 Report Share Posted March 19, 2019 FWIW I bought dollars at the Casa de Cambio in Chapala yesterday for 18.6 pesos per dollar, Link to comment Share on other sites More sharing options...
Yo1 Posted March 19, 2019 Report Share Posted March 19, 2019 Right now it's at 19.00 according to xe.com Link to comment Share on other sites More sharing options...
johanson Posted March 19, 2019 Report Share Posted March 19, 2019 As many of you know, we are talking about the spot rate which is about half way between the buy and sell rate. I usually get the spot rate by going to https://www.eldolar.info/en/mexico/dia/hoy which gives me, right now 18.9338 to 1 I wire money from up north to the local Actinver Bank and brokerage house and keep it here in US dollars until my broker recommends I convert it to pesos. The last time we converted was a while back and I got 20.4 pesos per dollar. Had I done it on the day they received my money wire, I would have gotten 19 something. I am no expert. That is why I allow my broker to decide when it is the best time to exchange my dollars to pesos. Link to comment Share on other sites More sharing options...
Tiny Posted March 19, 2019 Report Share Posted March 19, 2019 37 minutes ago, johanson said: As many of you know, we are talking about the spot rate which is about half way between the buy and sell rate. I usually get the spot rate by going to https://www.eldolar.info/en/mexico/dia/hoy which gives me, right now 18.9338 to 1 I wire money from up north to the local Actinver Bank and brokerage house and keep it here in US dollars until my broker recommends I convert it to pesos. The last time we converted was a while back and I got 20.4 pesos per dollar. Had I done it on the day they received my money wire, I would have gotten 19 something. I am no expert. That is why I allow my broker to decide when it is the best time to exchange my dollars to pesos. How much do you pay your broker? HaHaHa Link to comment Share on other sites More sharing options...
crynoutloud Posted March 19, 2019 Report Share Posted March 19, 2019 I'd worry more about the Mexico 6% inflation rate than I would a couple dollar difference in the exchange. Link to comment Share on other sites More sharing options...
johanson Posted March 19, 2019 Report Share Posted March 19, 2019 1 hour ago, Tiny said: How much do you pay your broker? HaHaHa If I were to buy pesos from my Actinver bank account, I would be charged an exchange rate fee much like the fees you see when you go to https://www.eldolar.info/en/mexico/dia/hoy When I do so using my Actinver stock brokerage account, the amount charged is much less. Link to comment Share on other sites More sharing options...
lakeside7 Posted March 19, 2019 Report Share Posted March 19, 2019 There is no free lunch..low bank/brokerage...lower ex change rate Link to comment Share on other sites More sharing options...
Kyle Posted March 19, 2019 Report Share Posted March 19, 2019 I write a US Check to O'Rourke and Assoc. and get the daily rate, no fee. Of course you need to have an account with them. Link to comment Share on other sites More sharing options...
ea93105 Posted March 19, 2019 Report Share Posted March 19, 2019 Last week I got 19.58 through TransferWise, and they also just lowered their fees Link to comment Share on other sites More sharing options...
Victoriano Posted March 20, 2019 Report Share Posted March 20, 2019 I use mi American debit card on ATM’s. I’ve found Banamex offers the best exchange rate, while HSBC is the worst ditto for Santander if you don’t decline their conversion offer. The first time I declined the offer I walked away and made somebody $6000 pesos richer, because when you decline their conversion offer it anyway shells out the money at the exchange rate for that day Link to comment Share on other sites More sharing options...
Aquaponicsman Posted March 20, 2019 Report Share Posted March 20, 2019 https://www.forecasts.org/peso.htm Link to comment Share on other sites More sharing options...
Jreboll Posted March 20, 2019 Report Share Posted March 20, 2019 Have these forecasts ever been right? They’re assuming increased strength of the dollar which goes against the present trend. Link to comment Share on other sites More sharing options...
Jreboll Posted March 20, 2019 Report Share Posted March 20, 2019 Fed chair Powell was remarkably dovish in his statements today. This caused a dramatic drop in the dollar index. The price of gold has risen and we will probably also see the peso maintain its strength or it could even rise. Link to comment Share on other sites More sharing options...
RickS Posted March 20, 2019 Report Share Posted March 20, 2019 1 hour ago, Jreboll said: Fed chair Powell was remarkably dovish in his statements today. This caused a dramatic drop in the dollar index. The price of gold has risen and we will probably also see the peso maintain its strength or it could even rise. Don’t you just love it when something ‘this important’ can turn depending on ‘which side of the bed’ someone gets up on that day! Link to comment Share on other sites More sharing options...
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