Dollar vs Peso

by Gringo Viejo @, Kansas, Sunday, October 15, 2017, 15:37 (35 days ago)

Latest rate "out the door", net, 18.52. With all theings the U.S. is doing, and not doing, how does this happen?

Dollar vs Peso

by Mork, Sunday, October 15, 2017, 23:18 (35 days ago) @ Gringo Viejo

Say What? All exchange rates vary for many reasons 24 hours a day.

M

Dollar vs Peso

by Gringo Viejo @, Kansas, Monday, October 16, 2017, 07:47 (35 days ago) @ Mork

I'm talking long term. Seems to be dollar gains strength vs peso every tourist season. Just wondering why? What is the underlying reason for the seasonal changes?

Avatar

Dollar vs Peso

by Labrat ⌂ @, The Roosterfish Foundation, Monday, October 16, 2017, 09:40 (35 days ago) @ Gringo Viejo

It is actually down from a year or two ago when it was 21-22.

Keith

--
Más Chile Más Mejor

Pay no attention
Just Another Tourist

Dollar vs Peso

by Gringo Viejo @, Kansas, Monday, October 16, 2017, 09:58 (35 days ago) @ Labrat

Yes, it hit 22 last season and then down to 17 and now at 18.5.

From 17 to 22 is a 29% up tick-quite significant. Or conversely, a 23% downtick. Significant. What is happening to cause such a wide swing?

Dollar vs Peso

by Mexalberta @, Monday, October 16, 2017, 10:44 (35 days ago) @ Gringo Viejo

The value of the USD has been inflated for some time.

Dollar vs Peso

by Gringo Viejo @, Kansas, Monday, October 16, 2017, 11:31 (35 days ago) @ Mexalberta

Agreed, but why? Is the U.S. economy really that strong or is it based on wishful thinking for the future?

Dollar vs Peso

by James, Monday, October 16, 2017, 09:55 (35 days ago) @ Gringo Viejo

Yeah it's down vs last year at this time - Emerging Markets are having a better year in 2017 than in the past few - so the Peso is about 20% stronger now than last year at this time.

Dollar vs Peso

by Fly on the Wall, Monday, October 16, 2017, 11:13 (35 days ago) @ Gringo Viejo

Am no economist but the answer to your question is extremely complex. I think you would need to sit down with some heavy duty economists from the IMF or World Bank who could explain the situation in layman"s terms. Even then, you would then have to keep in mind the so called Black Swan theory. That's an unforeseen factor that pops up that puts to shambles all the best laid plans and theories of economists and politicians

Here is an article that scratches the surface

http://onlinefx.westernunion.com/Learning-Center/Personal/understanding-why-currencies-fluctuate

As an FYI , 10 years ago the US$ and C$ could buy 10.83 pesos and 9.85 respectively

Avatar

Dollar vs Peso

by Pelicano, Monday, October 16, 2017, 11:20 (35 days ago) @ Fly on the Wall

Am no economist but the answer to your question is extremely complex. I think you would need to sit down with some heavy duty economists from the IMF or World Bank who could explain the situation in layman"s terms. Even then, you would then have to keep in mind the so called Black Swan theory. That's an unforeseen factor that pops up that puts to shambles all the best laid plans and theories of economists and politicians

Here is an article that scratches the surface

http://onlinefx.westernunion.com/Learning-Center/Personal/understanding-why-currencies-fluctuate

As an FYI , 10 years ago the US$ and C$ could buy 10.83 pesos and 9.85 respectively

Yes, somewhat akin to the Orange Swan in the White House...

:stirpot:

Dollar vs Peso

by Fly on the Wall, Monday, October 16, 2017, 12:01 (35 days ago) @ Pelicano

A good one. But Hitler might be the best example of a political Black Swan in the last 100 years

The reason

by midalake @, Monday, October 16, 2017, 12:01 (35 days ago) @ Gringo Viejo

The reason for the up-trend is the instability of the coming Mexican elections.

Google is your friend......

The prediction is for the Peso to be 20/1 by elections.....

D

The reason

by James, Monday, October 16, 2017, 12:54 (35 days ago) @ midalake

Plus the Mexican (stock) market is up on average 20% this year. According to the MSCI Mexico Index. So comparing this to the past 3 year average (-16%) it is a correlation that makes some sense.

Avatar

The reason

by Curbarn, summer b.c. winter zihua, Monday, October 16, 2017, 14:33 (34 days ago) @ midalake

Last year was the fear of Trump and Nafta, he said he was going to tear it up in the first week, risk on. Task not accomplished then the fear subsidised, risk off. We are now in the midst Nafta renegotiating, risk on.

The reason

by HolyMole @, Monday, October 16, 2017, 18:13 (34 days ago) @ Curbarn

Last year was the fear of Trump and Nafta, he said he was going to tear it up in the first week, risk on. Task not accomplished then the fear subsidised, risk off. We are now in the midst Nafta renegotiating, risk on.

The future of NAFTA is a major item on Canadian newscasts - and undoubtedly Mexican as well - but it's pretty ho-hum to Americans, if CNN's coverage is any yardstick. Our U.S. friends south of the border are far more interested in important things like respect for the flag and the national anthem.

(Who decided that the national anthem has any place at a sporting event, unless the competition is between teams or individuals representing their nation?)

Currency fluctuations? It's a bunch of currency manipulators sitting in front of computer screens in a dark room - probably somewhere in Nigeria or the Philippines.

Avatar

The reason

by Talley Ho @, Playa la Ropa/Silver Strand Beach, California, Monday, October 16, 2017, 19:14 (34 days ago) @ HolyMole

:megusta: :megusta: :megusta:

The reason

by Canada1 @, Monday, October 16, 2017, 20:54 (34 days ago) @ HolyMole


(Who decided that the national anthem has any place at a sporting event, unless the competition is between teams or individuals representing their nation?)

Not sure but it's everywhere, CFL, NHL, junior hockey and on and On!

Avatar

The reason

by Pelicano, Tuesday, October 17, 2017, 09:57 (34 days ago) @ HolyMole

This is the best thing with which to start any sporting event...
That's how you take a knee.

https://www.youtube.com/watch?v=yiKFYTFJ_kw

The reason

by wisconsinjuan, Tuesday, October 17, 2017, 20:16 (33 days ago) @ Pelicano

The reason(s) for currency fluctuation are usually due to the strength of a country's economy compared to the other country. In the case of Mexico, oil is a huge part of the economy, so fluctuations in the price have a big influence. It has little to do with which idiot is in the White House.

Regardless of what Trump or Obama does/did, it has little impact on the exchange rate. A country may want their currency to be strong or weak for many different reasons.

Avatar

The reason

by Pelicano, Wednesday, October 18, 2017, 09:42 (33 days ago) @ wisconsinjuan

The reason(s) for currency fluctuation are usually due to the strength of a country's economy compared to the other country. In the case of Mexico, oil is a huge part of the economy, so fluctuations in the price have a big influence. It has little to do with which idiot is in the White House.

Regardless of what Trump or Obama does/did, it has little impact on the exchange rate. A country may want their currency to be strong or weak for many different reasons.

As an admittedly well-over the hill financial consultant, I would counter that it's a leap of faith to assume that markets act in a logical manner...

:3stooges:

The reason

by Gringo Viejo @, Kansas, Wednesday, October 18, 2017, 10:03 (33 days ago) @ Pelicano

Bingo! I used to think I understood, to some extent, how the world turned. But I know there is nothing logical. Right the U>S> indexes are at all time high based on the Lemming Theory-everybody is jumping on board and the axle will eventually break.

My faith in markets collapsed with the Flash Crash of May 2010. I had always used "stop loss" orders to protect my capital (first rule of investing: Then the flash crash hit. I had "stop loss" set at 12% downtick. Most of my lifetime retirement portfolio was off 60% when the broker, Fidelity, finally sold it. Then 5 hours later it was back to normal. Lost my a*s being "smart and conservative". Somebody, somewhere made a ton of bucks off that fiasco.

The reason

by Fly on the Wall, Wednesday, October 18, 2017, 10:25 (33 days ago) @ Pelicano

Faith in the future , whether it is optimistic faith or pessimistic faith by the gnomes in London, Wall Street, Singapore Zurich etc can have a significant effect. Consider for instance what happened when Pelicano's "Orange Swan" won the election. On Nov 5th the the peso dropped 12% . The day after the Brexit referendum the pound dropped 10% against the US$ and 7% against the Euro.

Avatar

The reason

by Labrat ⌂ @, The Roosterfish Foundation, Wednesday, October 18, 2017, 10:25 (33 days ago) @ Pelicano

:megusta:


[image]

Keith

--
Más Chile Más Mejor

Pay no attention
Just Another Tourist

The reason

by Mexalberta @, Tuesday, October 17, 2017, 23:05 (33 days ago) @ Pelicano

This what Football players want to be when they grow up!

The reason

by cd69 @, Winnipeg,MB,Canada, Wednesday, October 18, 2017, 03:07 (33 days ago) @ HolyMole

:megusta:

Avatar

The reason

by Curbarn, summer b.c. winter zihua, Wednesday, October 18, 2017, 16:23 (32 days ago) @ HolyMole

Currencies are traded world wide by experts in their fields. Wheteher it is on the news you or I read is inconsequential, as those people certainly are following the news that affects the currencies they trade. When companies in Canada or Mexico purchase raw materials, they buy forward contracts on currencies they would buy there products in. 90% of the time those are US dollar purchases. When trend indicate the currency is dropping those same people will increse the nukber of contracts to mitigate the losses they see in the coming days.

Avatar

The reason

by Labrat ⌂ @, The Roosterfish Foundation, Wednesday, October 18, 2017, 16:29 (32 days ago) @ Curbarn

Actually?

Those "experts" look like this now, and neither you, nor I, nor the "Smartest Guy In The Room" can beat them at it.

[image]

Keith

--
Más Chile Más Mejor

Pay no attention
Just Another Tourist

Avatar

yes

by Curbarn, summer b.c. winter zihua, Thursday, October 19, 2017, 12:04 (32 days ago) @ Labrat

an even more accurate statement.

Dollar vs Peso

by cd69 @, Winnipeg,MB,Canada, Wednesday, October 18, 2017, 03:09 (33 days ago) @ Gringo Viejo

Hi there!

Do you happen to know what is the current exchange rate in Zihua for the canadian dollar? I'm curious as to how different it is from last February...

Avatar

Dollar vs Peso

by CountryDancer @, Vancouver, Washington, Wednesday, October 18, 2017, 03:49 (33 days ago) @ cd69

just did a GOOGLE search: 1 Canadian Dollar equals 14.98 Mexican Peso

--
~ ~ Country Dancer

Dollar vs Peso

by Canada1 @, Wednesday, October 18, 2017, 08:29 (33 days ago) @ CountryDancer

14.55 just now

Dollar vs Peso

by cd69 @, Winnipeg,MB,Canada, Wednesday, October 18, 2017, 11:27 (33 days ago) @ Canada1

Is this the rate from Google or what the ScotiaBank in Zihua is posting?

Avatar

Dollar vs Peso

by Labrat ⌂ @, The Roosterfish Foundation, Wednesday, October 18, 2017, 11:33 (33 days ago) @ cd69

I just hopped over to the Mastercard Conversion Calc and it is now showing

19.06 to the U.S. Dollar

Keith

--
Más Chile Más Mejor

Pay no attention
Just Another Tourist

Dollar vs Peso

by HolyMole @, Wednesday, October 18, 2017, 19:58 (32 days ago) @ cd69

Is this the rate from Google or what the ScotiaBank in Zihua is posting?

My experience at Mexican Scotiabanks has always been to take the rate shown on xe.com and deduct about 3%......i.e. if xe.com shows a rate of 15.0 pesos to the Canadian dollar, you'll get about 14.55 from the Scotiabank ATM.

Dollar vs Peso

by cd69 @, Winnipeg,MB,Canada, Wednesday, October 18, 2017, 11:25 (33 days ago) @ CountryDancer

Sorry I guess I should have specified...I am looking at the real rate ie what ScotiaBank would give me in Zihua...what Google tells you is not always what you get there....

Avatar

Dollar vs Peso

by Pelicano, Wednesday, October 18, 2017, 13:12 (33 days ago) @ cd69

For you and other Canucks on the board, here's the Vancouver Bullion site. I've been going to them for years, after my friendly BMO teller told me to go there rather than the bank itself! Rates are retail, all in...


https://www.vbce.ca/rates

Avatar

Dollar vs Peso

by frostbite ⌂ @, Hamilton MT, Wednesday, October 18, 2017, 15:23 (32 days ago) @ Pelicano

I've found that buying money in the country of destination has always given me a better exchange rate than buying in the country of origin.

--
[image]
http://www.casa-amarilla-zihua.com

Avatar

I agree

by Curbarn, summer b.c. winter zihua, Thursday, October 19, 2017, 12:10 (32 days ago) @ frostbite

and my rates are always better at intercam, but i wire my money from canada to them at the beginning of each season.

I agree

by K&B, Thursday, October 19, 2017, 14:14 (31 days ago) @ Curbarn

I always have heard that the best and easiest way to get the best rate is with an atm on your bank card. Is that not true?

I agree

by HolyMole @, Thursday, October 19, 2017, 14:55 (31 days ago) @ K&B

I always have heard that the best and easiest way to get the best rate is with an atm on your bank card. Is that not true?

Right. I'm always skeptical of those delusional dreamers who think they can beat the system. Banks (and bankers) didn't get rich by giving money away.

Avatar

I agree

by Pelicano, Thursday, October 19, 2017, 19:53 (31 days ago) @ HolyMole

I always have heard that the best and easiest way to get the best rate is with an atm on your bank card. Is that not true?


Right. I'm always skeptical of those delusional dreamers who think they can beat the system. Banks (and bankers) didn't get rich by giving money away.

And who issued your bank card, if not a bank?

As I mentioned Vancouver Bullion usually beats the banks, which is why they often have line ups. I merely brought them up for Canadian dollar comparisons, as their rates are as shown

I prefer to arrive with cash in hand, pay my hotel in advance, and go to atm when I’m running low. I don’t fret too much about exchange rates as I’m usually only down for two weeks at a time. I realize it’s important to those who are in Zihua much longer.

I agree

by h4Dan, Thursday, October 19, 2017, 15:12 (31 days ago) @ K&B

I always have heard that the best and easiest way to get the best rate is with an atm on your bank card. Is that not true?

Yes, but be sure your's have no foreign transaction fees.

I agree

by Mexalberta @, Friday, October 20, 2017, 09:07 (31 days ago) @ h4Dan

But who really cares when you spend a bit more . .0000005 percent of your total vacation !
Of course we all try to get the best rate.

Avatar

I agree

by Curbarn, summer b.c. winter zihua, Friday, October 20, 2017, 12:45 (31 days ago) @ Mexalberta

Except foreign transaction fees are 2 to 2,5% for 5 months living expenses, property taxes and tenencia. 2.5% on that number over a few years could be large. Any7ways Trudeau said he would come an take whatever I saved, so the point is moot.

I agree

by Mexalberta @, Friday, October 20, 2017, 20:32 (30 days ago) @ Curbarn

Better to spend it in Mexico

Avatar

I agree

by Curbarn, summer b.c. winter zihua, Saturday, October 21, 2017, 10:27 (30 days ago) @ Mexalberta

you bet