Mostlylost Posted March 27 Report Share Posted March 27 27 March 2024 Visa rate 16.622016 Mastercard rate 16.669000 Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted March 28 Report Share Posted March 28 28 March 2024 Visa rate 16.506016 Mastercard rate 16.513013(Present day's rate was available at 3:05 PM EST) Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted March 29 Report Share Posted March 29 29 March 2024 Visa rate 16.189133 Mastercard rate 16.532286(Present day's rate was available at 3:05 PM EST) Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted March 30 Report Share Posted March 30 30 March 2024 Visa rate 16.193055 Mastercard rate 16.532286 (Present day's rate was available at 3:05 PM EST) Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted March 31 Report Share Posted March 31 31 March 2024 Visa rate 16.516916 Mastercard rate 16.532286 (Present day's rate was available at 3:05 PM EST) 1 Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted April 1 Report Share Posted April 1 1 April 2024 Visa rate 16.516916 Mastercard rate 16.532286(Present day's rate was available at 3:05 PM EST) Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted April 2 Report Share Posted April 2 2 April 2024 Visa rate 16.522516 Mastercard rate 16.573015(Present day's rate was available at 3:05 PM EST) Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted April 3 Report Share Posted April 3 3 April 2024 Visa rate 16.532916 Mastercard rate 16.543007(Present day's rate was available at 3:05 PM EST) Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted April 4 Report Share Posted April 4 4 April 2024 Visa rate 16.508616 Mastercard rate 16.506008(Present day's rate was available at 3:05 PM EST) Quote Link to comment Share on other sites More sharing options...
RickS Posted April 5 Report Share Posted April 5 I still don't know the value of posting this on a daily basis but... since 1/2 the folks reading this Board are Canadian maybe adding the loonie rate too would be appropriate. Maybe Ibara, the OP, would change the Title to include the Canuck's currency. Maybe. Quote Link to comment Share on other sites More sharing options...
ibarra Posted April 5 Author Report Share Posted April 5 1 hour ago, RickS said: I still don't know the value of posting this on a daily basis but... since 1/2 the folks reading this Board are Canadian maybe adding the loonie rate too would be appropriate. Maybe Ibara, the OP, would change the Title to include the Canuck's currency. Maybe. I don't see a need to post any rate daily as I have posted before. IMO If you need to know a rate, look it up yourself. So, Ibarra isn't going to change the title. 2 Quote Link to comment Share on other sites More sharing options...
Ferret Posted April 5 Report Share Posted April 5 No kidding. I don't need to be depressed on a daily basis. 1 1 Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted April 5 Report Share Posted April 5 5 April 2024 Visa rate 16.508616 Mastercard rate 16.441986(Present day's rate was available at 3:05 PM EST) Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted April 6 Report Share Posted April 6 6 April 2024 Visa rate 16.435016 Mastercard rate 16.441986 (Present day's rate was available at 3:05 PM EST) Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted April 7 Report Share Posted April 7 7 April 2024 Visa rate 16.435016 Mastercard rate 16.441986 (Present day's rate was available at 3:05 PM EST) Quote Link to comment Share on other sites More sharing options...
pappysmarket Posted April 8 Report Share Posted April 8 Thanks to the US "sanctions" on Russia, their economy is now doing very well after shifting their markets to China and the Brics nations. If the Brics idea of changing how oil is priced from Petro Dollars to whatever their currency ends up being I think the dollar will fall against every currency, not just the Peso. They hope to unveil a gold backed currency so we shall see. Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted April 8 Report Share Posted April 8 1 hour ago, pappysmarket said: Thanks to the US "sanctions" on Russia, their economy is now doing very well after shifting their markets to China and the Brics nations. If the Brics idea of changing how oil is priced from Petro Dollars to whatever their currency ends up being I think the dollar will fall against every currency, not just the Peso. They hope to unveil a gold backed currency so we shall see. Actually it is the Peso that is up Not so much the dollar that is down The Mexican Peso has seen huge increases against the world currency basket including Canadian and US dollar in the last year and a half As the chart shows the US Dollar is higher at the begining of 2024 than the begining of 2023 against the Euro As you can see in this chart it took over 20 Pesos to buy 1 Euro at the beginning of 2023 and just under 19 at the end of 2023 So the Dollar was up in 2023 but the Peso was up more Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted April 8 Report Share Posted April 8 8April 2024 Visa rate 16. 112761 Mastercard rate 16.325011 (Present day's rate was available at 3:05 PM EST) Quote Link to comment Share on other sites More sharing options...
Ferret Posted April 8 Report Share Posted April 8 Considering the huge quantity of U.S. dollars sent to Mexico in Remittances, the people who need that money are receiving far less... not good for them in addition to the inflation here. Also not good for tourism or exports. Amlo should realize this and take action. Opinions? Quote Link to comment Share on other sites More sharing options...
Jreboll Posted April 8 Report Share Posted April 8 1 hour ago, pappysmarket said: Thanks to the US "sanctions" on Russia, their economy is now doing very well after shifting their markets to China and the Brics nations. If the Brics idea of changing how oil is priced from Petro Dollars to whatever their currency ends up being I think the dollar will fall against every currency, not just the Peso. They hope to unveil a gold backed currency so we shall see. Russia’s economy is not doing so well and their oil production is diminished by bombings by Ukraine. Brics is nothing more than a concept which hasn’t gotten very far. We’ll have to see if their gold backed currency gets off the ground. Let’s stick to the facts. 1 Quote Link to comment Share on other sites More sharing options...
Jreboll Posted April 8 Report Share Posted April 8 5 minutes ago, Ferret said: Considering the huge quantity of U.S. dollars sent to Mexico in Remittances, the people who need that money are receiving far less... not good for them in addition to the inflation here. Also not good for tourism or exports. Amlo should realize this and take action. Opinions? What do you propose that AMLO should do? 1 Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted April 8 Report Share Posted April 8 7 minutes ago, Ferret said: Considering the huge quantity of U.S. dollars sent to Mexico in Remittances, the people who need that money are receiving far less... not good for them in addition to the inflation here. Also not good for tourism or exports. Amlo should realize this and take action. Opinions? AMLO has absolutly no ability to alter monetary policy. That is the job of the central bank https://www.banxico.org.mx/ If they vote to lower interest rates again then you will see the Peso weaken. Remittances sent to Mexico have their best February in history. According to data from the Bank of Mexico, the surplus of remittances in Mexico was 4,399 million dollars last February. 1 Quote Link to comment Share on other sites More sharing options...
RickS Posted April 8 Report Share Posted April 8 56 minutes ago, Mostlylost said: Remittances sent to Mexico have their best February in history. Curious.... is this 'best' in terms of the amount of US Dollars sent south OR the value of those US Dollars in Mexican pesos due to the exchange rate? 1 Quote Link to comment Share on other sites More sharing options...
Ferret Posted April 8 Report Share Posted April 8 Then the cental bank should get their priorities in order. Yes, I know how much the remittances are in U.S. dollars... and that translated to a whole lot less pesos than they were previously getting. Quote Link to comment Share on other sites More sharing options...
Jreboll Posted April 8 Report Share Posted April 8 https://youtu.be/BZqdqsHfQ04?si=U62J5Un_Zlp-PV-T 2 Quote Link to comment Share on other sites More sharing options...
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