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Converting US Dollars to Pesos

by ZihuaRob ⌂ @, Zihuatanejo, México, Friday, December 22, 2023, 13:30 (1052 days ago) @ seattlejim

Just a side note as to the Peso/USD rates.
I posted months back that the Peso would gain strength in the months to come and we are now witnessing a USD near a 5 yr low against the Peso and I expect it to continue (watch the DXY currently 101 could drop into the 90's).
This is good news for MX locals in some trade/economic areas yet I suspect it could be bad for Americans that are interested in buying a Primary or 2nd home as there USD will buy them far less thus we may witness more inventory hitting the MX market (and slowing that market which affects all other markets within MX) just as we are seeing now in the US due to our economy is failing.

I do believe in 24' when the Markets will have a major correction (which we are witnessing the melt up now, this is the final stage of the 40+ yr bull market) that many have forecasted, we will see a "flight to safety" which drive folks back to the USD thus it rising back up (again watch the DXY index could go up to 150) and of course would be the best time to buy foreign assets like MX property, etc.
That window of course will be temporary.
All of this is IMO, not investing advice...B-)
Merry Christmas everyone

The U.S. economy is not failing by any stretch of the imagination. Republicans ruin the economy, and Democrats fix it. Been watching this happen since Ronnie Raygun wiped out the middle class, busted unions, made tens of thousands homeless and gave their money to the wealthy.


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