John Shrall Posted February 22, 2023 Report Share Posted February 22, 2023 CETE rates still climbing with another interest rate hike forecast for March. The current interest rate for Mexico now stands at 11% with an expected bump to 11.25%. These rates are available on Cetes Direct but banks/investment houses like Multiva will have CEDES near these numbers. Too bad the exchange rate is in the tank. Quote Link to comment Share on other sites More sharing options...
lakeside7 Posted February 23, 2023 Report Share Posted February 23, 2023 2 hours ago, John Shrall said: CETE rates still climbing with another interest rate hike forecast for March. The current interest rate for Mexico now stands at 11% with an expected bump to 11.25%. These rates are available on Cetes Direct but banks/investment houses like Multiva will have CEDES near these numbers. Too bad the exchange rate is in the tank. I guess that's why the peso is strong and hurting me when I exchange $ to MX for a ongoing construction deal I have Quote Link to comment Share on other sites More sharing options...
RickS Posted February 23, 2023 Report Share Posted February 23, 2023 16 hours ago, lakeside7 said: I guess that's why the peso is strong and hurting me when I exchange $ to MX for a ongoing construction deal I have Maybe to counter that, put some monies in a 28 day CETE at 11-11.25%. That would/might compensate for the exchange rate that is not quite as strong as it was last year. Just a thought.... Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.