Strengthening Peso = Weakening Loonie

by HolyMole @, Friday, July 13, 2018, 23:47 (221 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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