Strengthening Peso = Weakening Loonie

by HolyMole , Friday, July 13, 2018, 23:47 (6 days ago) @ Wanderer

Good to know, especially for those of us using the loonie!

I think you've got it backwards, amigo. The strengthening peso means your loonie buys less of them. Only a few weeks ago, the loonie got 15.6 pesos. Now it's down to 14.3. Put another way, your loonie buys 8.3 % less in Mexico now than it did a month ago.

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Strengthening Peso - ZihuaRob, 2018-07-13, 09:58
- Strengthening Peso - Wanderer, 2018-07-13, 11:33
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  - Strengthening Peso = Weakening Loonie - HolyMole, 2018-07-13, 23:47
    - Strengthening Peso = Weakening Loonie - Wanderer, 2018-07-14, 00:47
      - Strengthening Peso = Weakening Loonie - HolyMole, 2018-07-14, 01:39
        Strengthening Peso = Weakening Loonie - midalake, 2018-07-14, 10:03
        Back side of the spike - juanrojo, 2018-07-14, 20:54