Jreboll Posted December 30, 2023 Report Share Posted December 30, 2023 52 minutes ago, HoneyBee said: The dollar used to be tied to gold now it is tied to the price of paper it is printed on. ☹️ Wrong! Now they are just digits on a government computer. 1 2 Quote Link to comment Share on other sites More sharing options...
Brian Dalziel Posted December 31, 2023 Report Share Posted December 31, 2023 Mexico's mighty peso posted biggest gains in over 30 years in 2023 By Noe Torres December 29, 2023 Source: Yahoo Finance website news MEXICO CITY, Dec 29 (Reuters) - The Mexican peso closed on Friday to end its strongest year against the U.S. dollar in more than three decades, although analysts warned its gains could slow in 2024 as the central bank is expected to lower record-high borrowing costs. The currency, which President Andres Manuel Lopez Obrador and others call the "super peso," closed at 16.95 units to the dollar with an cumulative gain of almost 13% in 2023, its strongest annual performance since 1989, when data is first available on LSEG. "The peso's appreciation this year was something unusual, something that no one could have predicted," Jonathan Heath, deputy governor at the Bank of Mexico, wrote on social media on Friday. The peso's surge made it one of the world's top performing currencies, second only to the Colombian peso, triggering warnings over how this could hurt competitiveness of Mexican exports and the purchasing power of remittances - two pillars of the Mexican economy. The peso's appreciation, closing on Friday even below the psychological barrier of 17 pesos per greenback, has been attributed to capital inflows from abroad as well as restrictive monetary policy pursued by the central bank since June 2021 aimed at tackling creeping post-pandemic inflation. Banxico, as Mexico's central bank is known, has since March held its benchmark interest rate at a record-high 11.25%, but is expected to begin cutting rates in the first quarter of 2024. Analysts argue such cuts could cause the value of the peso to weaken to above 18 pesos per dollar. Also potentially impacting the peso next year are presidential elections in Mexico and the U.S., which should inject volatility into the peso's outlook, said Humberto Calzada, chief economist at Rankia Latinoamerica. "Still, we believe that 18 (per dollar) is an acceptable level for the exchange rate," he added. end Quote Link to comment Share on other sites More sharing options...
BenjiBoy Posted December 31, 2023 Report Share Posted December 31, 2023 I no longer pay in pesos....I just use gold dust that my maid sweeps up every week....or maybe it is dog hair....I'm not sure. 1 4 Quote Link to comment Share on other sites More sharing options...
Ferret Posted January 1 Report Share Posted January 1 If it's dog hair, I'm rich! Have to sweep it up every day! 1 Quote Link to comment Share on other sites More sharing options...
BenjiBoy Posted January 1 Report Share Posted January 1 It has to be from a GOLDEN Retreiver. I pack it in little canvas bags with a touch of cat litter and so far I have had no one turn down this form of payment....I do not answer the door to the police as if they want some of my "gold" they have to bring me something to trade ...... screaming "open your door" is not going to work! 1 Quote Link to comment Share on other sites More sharing options...
Jreboll Posted January 1 Report Share Posted January 1 You seem to have found Montezumas gold 1 Quote Link to comment Share on other sites More sharing options...
Ferret Posted January 1 Report Share Posted January 1 White undercoat from a German Shepherd works well too. White spun gold. 1 Quote Link to comment Share on other sites More sharing options...
RickS Posted January 1 Report Share Posted January 1 New Year's Day.... 16.98 to US Dollar Quote Link to comment Share on other sites More sharing options...
Ferret Posted January 1 Report Share Posted January 1 New Year's Day... 12.80 pesos to the Canadian dollar. Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted January 2 Report Share Posted January 2 2 January 2024 1 1 Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted January 3 Report Share Posted January 3 3 January 2024 1 Quote Link to comment Share on other sites More sharing options...
johanson Posted January 3 Report Share Posted January 3 Thanks for sharing, say I from sunny Seattle for a few more days, (yes, I know, it's almost never sunny in Seattle in the winter). Let's hope that the US dollar continues to get stronger. I would love to see 20 to 1 again. Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted January 4 Report Share Posted January 4 4 January 2024 1 Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted January 5 Report Share Posted January 5 5 January 2024 1 Quote Link to comment Share on other sites More sharing options...
RickS Posted January 5 Report Share Posted January 5 That's what I got yesterday at HSBC using my Schwab card.... Quote Link to comment Share on other sites More sharing options...
ibarra Posted January 5 Author Report Share Posted January 5 3:27 pm 5 January,2024 1 Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted January 6 Report Share Posted January 6 6 January 2024 1 Quote Link to comment Share on other sites More sharing options...
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