happyjillin Posted November 2, 2021 Report Share Posted November 2, 2021 Might be a good time to move some $'s down to your Mexican bank account. $1cdn=16.72mp on XE today. Quote Link to comment Share on other sites More sharing options...
Natasha Posted November 2, 2021 Report Share Posted November 2, 2021 If you'd on the ball it was much better earlier this morning. Doesn't look to me like you're taking exchange rates into account either.... but yes, it's a good trend. That said, you might want to consider just how much you're bringing, with the following from Mexico News Daily yesterday, via Financial Times: ".....A sudden drop in gross domestic product in the third quarter has analysts and investors asking how fragile the country’s rebound might be.....", 1 Quote Link to comment Share on other sites More sharing options...
happyjillin Posted November 2, 2021 Author Report Share Posted November 2, 2021 2 hours ago, Natasha said: If you'd on the ball it was much better earlier this morning. Doesn't look to me like you're taking exchange rates into account either.... but yes, it's a good trend. That said, you might want to consider just how much you're bringing, with the following from Mexico News Daily yesterday, via Financial Times: ".....A sudden drop in gross domestic product in the third quarter has analysts and investors asking how fragile the country’s rebound might be.....", I look at the XE first as a starting point for negotiating with my account exec at Intercam. I know exactly what I am doing before I shoot the puck thanks. 16.75 now @ 4:35 and I will only do something manana if the rate stays over 16.70. 1 Quote Link to comment Share on other sites More sharing options...
gringohombre Posted November 2, 2021 Report Share Posted November 2, 2021 US$20.8...hee, hee, hee...Thank you .......!!! Name deleted by the evil MOD5 1 2 Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted November 2, 2021 Report Share Posted November 2, 2021 40 minutes ago, gringohombre said: US$20.8...hee, hee, hee...Thank you ............!!! name deleted by MOD5 Actually it is thank you AMLO. It is the Mexican economic numbers that are causing the Peso to fall. 1 Quote Link to comment Share on other sites More sharing options...
Bisbee Gal Posted November 2, 2021 Report Share Posted November 2, 2021 41 minutes ago, gringohombre said: US$20.8...hee, hee, hee...Thank you ..........!!! Name just deleted by MOD5 NO politics on this board, por favor. 1 1 Quote Link to comment Share on other sites More sharing options...
Bisbee Gal Posted November 2, 2021 Report Share Posted November 2, 2021 Gracias, Mod5!!! 1 Quote Link to comment Share on other sites More sharing options...
gringohombre Posted November 2, 2021 Report Share Posted November 2, 2021 22 minutes ago, Bisbee Gal said: NO politics on this board, por favor. Does not politics effect the exchange rate? I have been trying to figure out if the US economy tanking is helping or hurting the rate here, or is this a combination with AMLO's failures also? Very confusing to me since I admit to not being knowledgeable in this area. Why not a conversation about how this actually works for Expats here? I certainly would like to learn more about this. The US$ exchange has been hovering in the $20 range here for quite a while. Do not know about the CA$. Any predictions and data as to where it might go? Quote Link to comment Share on other sites More sharing options...
moderator5 Posted November 3, 2021 Report Share Posted November 3, 2021 You make a good point, Gringohombre. Being a moderator is hard. Because one can make an innocent comment, that can be read several ways by others. Let us all try to keep our comments non political, if that is possible which I think is near impossible to do. by MOD5 😀 1 Quote Link to comment Share on other sites More sharing options...
Mainecoons Posted November 3, 2021 Report Share Posted November 3, 2021 What I'm reading is it is a reaction to the Fed sending out vibes about interest rate boosts coming. I bought an apartment in Guad three years ago for our students at over 22 pesos to the dollar. We aren't there by a long shot. Economic theory says that huge budget deficits will translate into lower currency values. Hasn't happened yet but history shows that when it does, it happens fast. Countries that are no friends of the U.S. are doing their best to replace the dollar as the reserve currency. If that happens, look out below. Nice opportunity now to stock up on pesos to pay those year end expenses like taxes, insurance, water bills, aguinaldos. Quote Link to comment Share on other sites More sharing options...
lakeside7 Posted November 3, 2021 Report Share Posted November 3, 2021 This economic crisis is a world wide problem as nations struggle to off set The Elephant in the Room called Covid Pandemic. The fat lady has started to sing folks. Frankly I am surprised the Peso has remained as strong as long as it has Quote Link to comment Share on other sites More sharing options...
happyjillin Posted November 3, 2021 Author Report Share Posted November 3, 2021 SMOKIN'!!!! 8am-16.75. 9:35am-16.81 Quote Link to comment Share on other sites More sharing options...
happyjillin Posted November 3, 2021 Author Report Share Posted November 3, 2021 I just brought down some more $'s to spend in Mexico whether I needed to or not. Quote Link to comment Share on other sites More sharing options...
HoneyBee Posted November 3, 2021 Report Share Posted November 3, 2021 30 minutes ago, happyjillin said: I just brought down some more $'s to spend in Mexico whether I needed to or not. Happy to help you spend them ☺️ 2 Quote Link to comment Share on other sites More sharing options...
Floradude Posted November 3, 2021 Report Share Posted November 3, 2021 My social security was just deposited in my Intercam account at a rate = 20.79/1 Quote Link to comment Share on other sites More sharing options...
lakeside7 Posted November 3, 2021 Report Share Posted November 3, 2021 How come the difference between Fs 20.79 and Hs 16.81? Quote Link to comment Share on other sites More sharing options...
Ferret Posted November 3, 2021 Report Share Posted November 3, 2021 One is the Canadian exchange rate and the other is the American exchange rate. Quote Link to comment Share on other sites More sharing options...
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