Peso Falling vs Dollar
- Thread starter tortuga
- Start date
CheddarBob
Guest
is this street rates.
brokenwave
Guest
Yep, It's 21.25 now on the currency exchange, if you withdrew pesos at an ATM in Mexico using a debit card from a US bank you would get that now.
Monday is going to be a WILD day for the Stock, Oil, Currency, Treasury, Bit Coin and Commodity Markets.
The CoronaVirus has been acting as a catalyst to fuel uncertainty in the world markets, they don't like that.
Monday is going to be a WILD day for the Stock, Oil, Currency, Treasury, Bit Coin and Commodity Markets.
The CoronaVirus has been acting as a catalyst to fuel uncertainty in the world markets, they don't like that.
CheddarBob
Guest
So far lost 2 1/2 years of gains. Sad very sad. A correction was inevitable. Damn greed. The country responsible should only be able to eat ham sandwiches and reimburse the world for this agony. Mexico to loose 1.4 billion USD on e ports. It all trickles down.
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brokenwave
Guest
Most restaurants and businesses are giving you 16-18 pesos to the dollar and if you get pesos at a
local ATM you should get close to 21 pesos to $$.
So use pesos and save yourself a few dollars
I will only use the Banamex ATM's in Sam's, the Bodega (Walmart) or the Super Norte across the street, ATM fee is 30 pesos and if you have
a debit card without foreign transaction fees even better saving you 2-3% (Capitol One, Schwab, for sure and I think B of A are No Foreign Fee's)
When you shop at Super Ley, buy about $10 of stuff and use a $50 bill get pesos in change, you'll get a really good exchange rate.
The Elektra store (next to TelMex office) does money exchange with pretty good rates, better than the exchange houses you see on Benito Juarez.
Or use your local bank in the US and get pesos they will charge you 2-5% depending on which one.
Well's Fargo charged me almost 3% when I got euros and British pounds last week.
I always get extra pesos in Penasco when I see the peso rise over 20-1 like it is today.
local ATM you should get close to 21 pesos to $$.
So use pesos and save yourself a few dollars
I will only use the Banamex ATM's in Sam's, the Bodega (Walmart) or the Super Norte across the street, ATM fee is 30 pesos and if you have
a debit card without foreign transaction fees even better saving you 2-3% (Capitol One, Schwab, for sure and I think B of A are No Foreign Fee's)
When you shop at Super Ley, buy about $10 of stuff and use a $50 bill get pesos in change, you'll get a really good exchange rate.
The Elektra store (next to TelMex office) does money exchange with pretty good rates, better than the exchange houses you see on Benito Juarez.
Or use your local bank in the US and get pesos they will charge you 2-5% depending on which one.
Well's Fargo charged me almost 3% when I got euros and British pounds last week.
I always get extra pesos in Penasco when I see the peso rise over 20-1 like it is today.
Mexico Joe
Cholla Bay 4 Life
Not a futures trader so when I woke up yesterday morning to see crude lose 30% in one day down to $36 a barrel I was happy!
I want to thank Russia and Saudi Arabia for their price war. Keep on producing!!!
IggyAZ
Guest
I usually do what you mentioned about buying at Super Lay. They have always been a fair exchange rate.
I also use the Bank on the corner of Freemont and Sinaloa but you need to brink your passport in for that.
Today the rate is 21 Pesos to a US dollar. Time to buy!
brokenwave
Guest
I'm going to buy some this week at a Banamex ATM I mentioned.
The bank you mentioned is ? BaNorte, I stopped using them because they were
not giving me the Market rate on Pesos at the ATM (they were posting their rate on the screen which was 1.5 pesos less)
and the ATM fee was almost 40 pesos. Are they still doing that?
BeachyKeen
Guest
Man do I wish we were close to Mexico to exchange right now . Let me tell you all, cherish that sun and fun , the south east coast of the US is not my cup of tea compared to the southwest and Mexico ! Does anyone know if there any silver exchange places in PP if one needed to sell silver someday , I don’t remember ever seeing any
tortuga
Guest
Mac's Jewelry store might. On Noreelection about a block east and across the street from Rosy's.
brokenwave
Guest
I got pesos today at the Banamex ATM in Sam's club, I received 20.7 to 1 including the 30.74 peso ATM fee.
Sam's was using a 19.99 exchange rate during check out.
Sam's was using a 19.99 exchange rate during check out.
Mexico Joe
Cholla Bay 4 Life
Mexican referendum rejects U.S. Modelo brewer in new investment blow
Residents of a Mexican city on the U.S. border voted against completing a billion-dollar brewery being built by Constellation Brands Inc, the government said Monday, dealing a fresh blow to investor confidence under President Andres Manuel Lopez Obrador. Lopez Obrador, a leftist, backed the...
25-1. Could it go lower? Sounds like a lot of people aren't too happy with AMLO. Plus the femicide down south.... somebody serve him up a softball. This guy needs a break right now.
It appears some folks here don't understand what Mexico did with it's currency many years ago. The numbers became too big: a toaster was priced at 50,000 pesos, which was say USD 20.00. So, Mx brought out it's new MXN currency. You took your 50,000 peso note to the bank and got a new 500 peso note. The toaster still cost USD 20.00.
Mexico Joe
Cholla Bay 4 Life
That must have started in 1995 because all currency trading data that I can find is 25 year history. Nothing previous to 95'.
Mexico Joe
Cholla Bay 4 Life
"The results came as the Mexican peso hit a new low, trading at 25 pesos per dollar for the first time ever."
25 year trading history.
Mexican Peso - Quote - Chart - Historical Data - News
The USDMXN increased 0.0595 or 0.31% to 19.3354 on Monday October 14 from 19.2759 in the previous trading session. Mexican Peso - values, historical data, forecasts and news - updated on October of 2024.
tradingeconomics.com
Today was the highest mark in 25 years.