ibarra Posted March 5 Author Report Share Posted March 5 5 minutes ago, Mainecoons said: ... In this environment, IMO, it would be better to price in pesos from the beginning. ... I agree. Then, the buyer can convert to their own currency to obtain a price. Everything else we buy, that I am aware of in MX, is priced in pesos. This seems like a no brainer to me. If a Canadian sees a price in U.S. dollars, don't they have to convert? That pretty much makes my point. I understand that the realtors are are trying to get foreigners interested in their property by doing this. Let the realtors/sellers listings verbiage draw people in. Not that hard to do. 3 Quote Link to comment Share on other sites More sharing options...
Whipstock Posted March 7 Report Share Posted March 7 Today's statement from Powell, has helped the USD. "On Tuesday Jerome Powell told the Senate that he expects rates to be higher for longer,.." Quote Link to comment Share on other sites More sharing options...
Whipstock Posted March 8 Report Share Posted March 8 Well, that was short lived. 🤑 1 Quote Link to comment Share on other sites More sharing options...
Mainecoons Posted March 9 Report Share Posted March 9 On 3/7/2023 at 3:25 PM, Whipstock said: Today's statement from Powell, has helped the USD. "On Tuesday Jerome Powell told the Senate that he expects rates to be higher for longer,.." Not for long. 17.93 this morning. Quote Link to comment Share on other sites More sharing options...
Mainecoons Posted March 9 Report Share Posted March 9 On 3/7/2023 at 3:25 PM, Whipstock said: Today's statement from Powell, has helped the USD. "On Tuesday Jerome Powell told the Senate that he expects rates to be higher for longer,.." Not for long. 17.93 this morning. Quote Link to comment Share on other sites More sharing options...
ibarra Posted March 9 Author Report Share Posted March 9 2:15pm Thursday xe.com 1 USD = 18.2257 MXN 1 MXN = 0.0548677 USD This will fluctuate all day, probably every day. 1 Quote Link to comment Share on other sites More sharing options...
Mainecoons Posted May 11 Report Share Posted May 11 17.54 today. I'm sticking by my prediction of 16 or lower. That should take a lot of wind out of the sails of the local RE market. Quote Link to comment Share on other sites More sharing options...
ibarra Posted May 11 Author Report Share Posted May 11 32 minutes ago, Mainecoons said: 17.54 today. I'm sticking by my prediction of 16 or lower. That should take a lot of wind out of the sails of the local RE market. IMO Not just the real estate market will feel the impact. Quote Link to comment Share on other sites More sharing options...
HoneyBee Posted May 11 Report Share Posted May 11 Well given the current US debt it will be no surprise to see the dollar drop below 16. Quote Link to comment Share on other sites More sharing options...
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