Hud Posted September 30, 2023 Report Share Posted September 30, 2023 On 9/27/2023 at 9:04 AM, tomgates said: Jre The yen was 250 a million years ago. In the recent history, hitting 150 is new low Which, of course, means the yen is really Strong now. Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted September 30, 2023 Report Share Posted September 30, 2023 IN 2010 the Yen was in the 87-94 to the Dollar range IN 2020 the Yen was in the 102-112 to the Dollar range in Sept 2023 pushing the 150 to the Dollar range is NOT getting stronger Meanwhile the Peso to dollar range seems to be in the 17,4 to 17.7 range in the last week. Many FX traders and banks are forecasting a possible 18 by years end, Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted October 4, 2023 Report Share Posted October 4, 2023 Good news 10/4 because of stronger Dollar and weaker Peso the rate FX rate hit 18 this morning in Asian markets and is holding in the 17.95-18.03 range so far today Quote Link to comment Share on other sites More sharing options...
ibarra Posted October 4, 2023 Author Report Share Posted October 4, 2023 We received S.S. deposit at HSBC yesterday at 17.86 and when I made a withdrawal, late in the day, from our bank in the U.S. where one check is deposited, it came through at 17.99. 1 Quote Link to comment Share on other sites More sharing options...
RickS Posted October 21, 2023 Report Share Posted October 21, 2023 18.24 on 10/21. Climb that hill baby! Quote Link to comment Share on other sites More sharing options...
tomgates Posted October 26, 2023 Report Share Posted October 26, 2023 Yen closed in NY trading at 150.23 yesterday as quoted in the WSJ. Quote Link to comment Share on other sites More sharing options...
RickS Posted November 9, 2023 Report Share Posted November 9, 2023 17.48 on 11/9/23 Quote Link to comment Share on other sites More sharing options...
Usvetsinmexico Posted November 9, 2023 Report Share Posted November 9, 2023 20 minutes ago, RickS said: 17.48 on 11/9/23 Big spike at close 17.55 Quote Link to comment Share on other sites More sharing options...
ibarra Posted November 20, 2023 Author Report Share Posted November 20, 2023 1 Quote Link to comment Share on other sites More sharing options...
ibarra Posted December 22, 2023 Author Report Share Posted December 22, 2023 Per XE.com just now? 1 USD = 16.9726 MXN 1 MXN = 0.0589186 USD 1 Quote Link to comment Share on other sites More sharing options...
Usvetsinmexico Posted December 22, 2023 Report Share Posted December 22, 2023 1 hour ago, ibarra said: Per XE.com just now? 1 USD = 16.9726 MXN 1 MXN = 0.0589186 USD The usa fed is talking rate reduction with usa still having mega inflation. So get ready for the peso to rise. Usa fed is showing how horrible they are at this. They slow inflation down to just 3% increase but haven't brought down inflation from the past 2 years at all. The usa bubble is going to pop and its going to be really bad. While mexico fed has been doing a pretty good job. So get ready for that usd to drop against the peso bad. Quote Link to comment Share on other sites More sharing options...
tomgates Posted December 26, 2023 Report Share Posted December 26, 2023 Peso exchange under 17, you have to go back to fall 2015. Quote Link to comment Share on other sites More sharing options...
RickS Posted December 27, 2023 Report Share Posted December 27, 2023 On 12/22/2023 at 9:09 AM, Usvetsinmexico said: The usa fed is talking rate reduction with usa still having mega inflation. So get ready for the peso to rise. Usa fed is showing how horrible they are at this. They slow inflation down to just 3% increase but haven't brought down inflation from the past 2 years at all. The usa bubble is going to pop and its going to be really bad. US Inflation Rate is at 3.14%, compared to 3.24% last month and 7.11% last year. This is lower than the long term average of 3.28%. 2 Quote Link to comment Share on other sites More sharing options...
Usvetsinmexico Posted December 27, 2023 Report Share Posted December 27, 2023 13 hours ago, RickS said: US Inflation Rate is at 3.14%, compared to 3.24% last month and 7.11% last year. This is lower than the long term average of 3.28%. That is the growth. The total inflation that has collected the last 3 years is still alive. They need to stop inflation and claw some back unless the current leadership is ok with the huge amount of inflation from the last 3 years staying. If so usa citizens better be ok with 20 usd for a fast food lunch! 10 usd for eggs. They need to keep going with rates to not only stop but lower inflation. But the fed is giving the investor class what it wants with lower rates to try and kick the can till after the 2024 elections to keep the stock market bubble up till after the election. Quote Link to comment Share on other sites More sharing options...
tomgates Posted December 27, 2023 Report Share Posted December 27, 2023 Usvets--the FED has not lowered interest rates. Fast food lunch is about $10 and eggs are 2-5.00. Quote Link to comment Share on other sites More sharing options...
RickS Posted December 27, 2023 Report Share Posted December 27, 2023 It never ceases to amaze me as to how many experts there are out there that have all the answers... way better than any gob-ment type fellows who have way better information. But what do I know. Quote Link to comment Share on other sites More sharing options...
Jreboll Posted December 27, 2023 Report Share Posted December 27, 2023 They’re just as good as the analysts on tv. Quote Link to comment Share on other sites More sharing options...
Usvetsinmexico Posted December 28, 2023 Report Share Posted December 28, 2023 5 hours ago, tomgates said: Usvets--the FED has not lowered interest rates. Fast food lunch is about $10 and eggs are 2-5.00. You better go look online. Tons of pictures and videos of 15 to 20 usd fast food lunches all over the internet with real receipts. 3% inflation per quarter like the above poster shows is 12% a year. And we have had this for 3 years. We need to not just stop the 3% a quarter inflation but get some negative inflation a few quarters to get the total inflation down. Quote Link to comment Share on other sites More sharing options...
Mainecoons Posted December 28, 2023 Report Share Posted December 28, 2023 The truth is all governments love to underestimate or even fib about inflation. There's plenty of it here as well, particularly in local restaurants, rents and government. When we moved here 15 years ago, it was significantly cheaper than now even with the Peso around $10. That's how substantial inflation has been here. Pretty hard to not having taken a 15-20 percent hit here in the last couple years. This place is no longer cheap. We just got back from Oaxaca and in the city there's been a lot of inflation in rents as well. Our hosts live in a small town about a half hour south and they noted a U.S. family rented a house there for about $400 per month, moving out of Oaxaca because of the rents. That is so unusual the whole town knows about it and wondering if it is just the beginning. Although the U.S. Fed is talking lower interest rates, so is the Mexican Fed. If you invest in Cetes here, now is the time to go as long as possible. Mexico News Daily has a piece predicting the Peso will drop significantly next year. 1 Quote Link to comment Share on other sites More sharing options...
Jreboll Posted December 28, 2023 Report Share Posted December 28, 2023 Since the value of the peso is tied to the dollar and since they’re also saying that the value of the dollar will drop significantly next year then who knows what will happen next year. Quien sabe? Quote Link to comment Share on other sites More sharing options...
ibarra Posted December 28, 2023 Author Report Share Posted December 28, 2023 28 minutes ago, Mainecoons said: ... Mexico News Daily has a piece predicting the Peso will drop significantly next year. Here is the article Mainecoons referred to: https://mexiconewsdaily.com/business/will-the-super-peso-weaken-in-2024/ 1 Quote Link to comment Share on other sites More sharing options...
Voir dire Posted December 28, 2023 Report Share Posted December 28, 2023 XE.com just now: 1 USD = 16.8967 MXN 1 MXN = 0.0591831 USD 2 Quote Link to comment Share on other sites More sharing options...
Ferret Posted December 29, 2023 Report Share Posted December 29, 2023 On 12/27/2023 at 7:30 PM, Usvetsinmexico said: You better go look online. Tons of pictures and videos of 15 to 20 usd fast food lunches all over the internet with real receipts. 3% inflation per quarter like the above poster shows is 12% a year. And we have had this for 3 years. We need to not just stop the 3% a quarter inflation but get some negative inflation a few quarters to get the total inflation down. Prices go up and rarely come down. Vicious circle playing catch up all the time. I've had an interesting week looking online for a one bedroom apartment for my granddaughter in Toronto. She and her friend have budgeted 2,000 Canadian dollars a month to achieve this. Gasp. And nearly all the apartments for rent are 2,000 and above. Out of curiosity, I set my search in Guildwood Village where I lived with my mum during Grade 12 and 13. A one bedroom, in the same building, now rents for 2,250.00 per month. My mum paid $125.00 (yes, one hundred and twenty-five) for the same apartment. She made $65.00 per week gross as a legal stenographer. The more things change, the more they stay the same. Quote Link to comment Share on other sites More sharing options...
Usvetsinmexico Posted December 30, 2023 Report Share Posted December 30, 2023 10 hours ago, Ferret said: Prices go up and rarely come down. Vicious circle playing catch up all the time. I've had an interesting week looking online for a one bedroom apartment for my granddaughter in Toronto. She and her friend have budgeted 2,000 Canadian dollars a month to achieve this. Gasp. And nearly all the apartments for rent are 2,000 and above. Out of curiosity, I set my search in Guildwood Village where I lived with my mum during Grade 12 and 13. A one bedroom, in the same building, now rents for 2,250.00 per month. My mum paid $125.00 (yes, one hundred and twenty-five) for the same apartment. She made $65.00 per week gross as a legal stenographer. The more things change, the more they stay the same. But it doesn't have too. Stop printing money and keep your rates higher to get inflation under control. Problem is both of those they won't do. Look at inflation from 1858 to 1912...... After 1912 inflation has been out of control...gee what happened in 1912... 1 Quote Link to comment Share on other sites More sharing options...
HoneyBee Posted December 30, 2023 Report Share Posted December 30, 2023 The dollar used to be tied to gold now it is tied to the price of paper it is printed on. ☹️ 1 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.