INSIDE LAKESIDE
Log In or Register

Check your spam/junk folder for activation e-mail after you register.

Join the forum, it's quick and easy

INSIDE LAKESIDE
Log In or Register

Check your spam/junk folder for activation e-mail after you register.
INSIDE LAKESIDE
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Dollar dropping

Page 1 of 2 1, 2  Next

Go down

Dollar dropping Empty Dollar dropping

Post by Jreboll Wed Jul 22, 2020 7:07 am

The dollar index has been dropping for a while and will probably continue because of all the money printing it is doing. When this happens the peso strengthens but I don’t see much of that. Maybe Mexico is also printing muchos pesos.

Jreboll
Share Holder
Share Holder

Posts : 1823
Join date : 2014-09-24

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by Ezzie Wed Jul 22, 2020 9:22 am

Dropping?? Relative to what other currency?

Ezzie
Share Holder
Share Holder

Posts : 413
Join date : 2012-06-08
Age : 68
Location : East of Chapala
Humor : Aka "El Grillo"

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by Jreboll Wed Jul 22, 2020 9:47 am

Dollar index is the value it is given when compared all the other world currencies.

Jreboll
Share Holder
Share Holder

Posts : 1823
Join date : 2014-09-24

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by CanuckBob Wed Jul 22, 2020 6:57 pm

Canadian dollar has risen against the USD the past couple of days. Swiss frank has also risen. Probably many others too. CAD is trading at 16.67 pesos. That's pretty high for the loony.


Last edited by CanuckBob on Wed Jul 22, 2020 7:03 pm; edited 1 time in total

_________________
Vacation Rentals
https://casadecomo.webs.com/
CanuckBob
CanuckBob
Humble Administrator
Humble Administrator

Posts : 18883
Join date : 2010-04-04
Age : 57
Location : Lake Chapala (from Vancouver)
Humor : Sick and twisted

https://casadecomo.webs.com/

DeborahM likes this post

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by SunshineyDay Wed Jul 22, 2020 7:00 pm

uh oooh!

SunshineyDay
Share Holder
Share Holder

Posts : 1277
Join date : 2012-12-02

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by kiko Wed Jul 22, 2020 8:53 pm

I suggest anyone heavily invested in equities should take some time to review and adjust their investment portfolio now.  I remember all too well what happened in the latter half of 2007.  My friends who cashed out in panic mode have never recovered financially.  We held the course but it took three years to get back to where we were prior to the crash.  Some lean times.  

Printing more paper money has never resolved the core problems of the USA economy.  And the Americans cannot handle the truth.

kiko
kiko
Share Holder
Share Holder

Posts : 871
Join date : 2014-09-10

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by MexicoPete Wed Jul 22, 2020 11:40 pm

I've only looked at the US dollar to peso spot rate, wondering when it would be time to wire money south and it has been 22 something to 1 for quite some time. And yes it was a high 22. something to one right now it is 1 Dollar = 22.2702 Pesos which is a few centavos lower.

I guess I will have to watch more closely
MexicoPete
MexicoPete
Share Holder
Share Holder

Posts : 2114
Join date : 2012-04-21
Age : 111
Location : Ajijic, Seattle, & Vancouver Island

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by Jreboll Mon Jul 27, 2020 7:05 pm

We continue seeing gold and silver having huge movements to the upside with the dollar index falling. I believe the peso is bound to a certain trade range set by trade agreement. Trump cannot print enough money to prop up the markets and still maintain the value of the dollar. Somethings gotta give

Jreboll
Share Holder
Share Holder

Posts : 1823
Join date : 2014-09-24

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by CanuckBob Mon Jul 27, 2020 7:43 pm

They should let the USD drop. It will make their exports more desirable. The USD was 1 to 11.5 against the peso not that long ago (2011ish).

_________________
Vacation Rentals
https://casadecomo.webs.com/
CanuckBob
CanuckBob
Humble Administrator
Humble Administrator

Posts : 18883
Join date : 2010-04-04
Age : 57
Location : Lake Chapala (from Vancouver)
Humor : Sick and twisted

https://casadecomo.webs.com/

ferret likes this post

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by CanuckBob Wed Jul 29, 2020 8:59 pm


_________________
Vacation Rentals
https://casadecomo.webs.com/
CanuckBob
CanuckBob
Humble Administrator
Humble Administrator

Posts : 18883
Join date : 2010-04-04
Age : 57
Location : Lake Chapala (from Vancouver)
Humor : Sick and twisted

https://casadecomo.webs.com/

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by lakeside7 Wed Jul 29, 2020 9:22 pm

CanuckBob wrote:They should let the USD drop. It will make their exports more desirable. The USD was 1 to 11.5 against the peso not that long ago (2011ish).
Not so long ago.. 2011ish!!!! Bob some of us do not buy green bananas we don't know what is going happen this weekend

lakeside7
Share Holder
Share Holder

Posts : 288
Join date : 2012-06-17

CanuckBob, Mrs. Rupert and caligirl108 like this post

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by CanuckBob Thu Jul 30, 2020 9:29 am

I guess age gives everyone a different perspective. I'm still planting the banana tree......lol.

_________________
Vacation Rentals
https://casadecomo.webs.com/
CanuckBob
CanuckBob
Humble Administrator
Humble Administrator

Posts : 18883
Join date : 2010-04-04
Age : 57
Location : Lake Chapala (from Vancouver)
Humor : Sick and twisted

https://casadecomo.webs.com/

ferret and Lady Otter Latté like this post

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by Jreboll Thu Dec 03, 2020 7:44 am

It seems the dollar index is taking another leg down. 90.70 this AM.
This should keep the peso strong. 1x19.89.

Jreboll
Share Holder
Share Holder

Posts : 1823
Join date : 2014-09-24

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by CanuckBob Thu Dec 03, 2020 8:27 am

Canadian dollar stronger at 15.43 to 1.

_________________
Vacation Rentals
https://casadecomo.webs.com/
CanuckBob
CanuckBob
Humble Administrator
Humble Administrator

Posts : 18883
Join date : 2010-04-04
Age : 57
Location : Lake Chapala (from Vancouver)
Humor : Sick and twisted

https://casadecomo.webs.com/

ferret likes this post

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by ComputerGuy Thu Dec 03, 2020 9:21 am

Jreboll wrote:It seems the dollar index is taking another leg down. 90.70 this AM.
This should keep the peso strong. 1x19.89.

Buy or sell?
ComputerGuy
ComputerGuy
Share Holder
Share Holder

Posts : 3199
Join date : 2012-04-23

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by Jreboll Thu Dec 03, 2020 9:24 am

These are just trends but it seems the dollar is loosing value and the peso is maintaining its strength.

Jreboll
Share Holder
Share Holder

Posts : 1823
Join date : 2014-09-24

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by RVGRINGO Thu Dec 03, 2020 1:24 pm

The dollar is always falling: I bought a brand new VW automobile for $1299 USD, at a dealership, back in 1959. Five years earlier, I bought a 24 year old Plymouth, a 1931 sedan, in perfect running order, for only $25 USD. The dollar isn't worth crap now! Pocket change is now worthless, and has been for over 50 years, since it no longer contains silver. Even the penny has been devalued. What desperation?

RVGRINGO
Share Holder
Share Holder

Posts : 1550
Join date : 2011-02-16

kiko likes this post

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by brigitte Thu Dec 03, 2020 9:33 pm

when we moved here the there were 8 pesos tp the dollar....so we have a way to go....

brigitte
Share Holder
Share Holder

Posts : 4147
Join date : 2011-12-02

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by Jreboll Thu Dec 03, 2020 10:03 pm

For many years it was 12.50 pesos to the dollar. I was working in Guadalajara when the bottom fell out on the peso(around 1976?)
We panicked and went back to live NOB.

Jreboll
Share Holder
Share Holder

Posts : 1823
Join date : 2014-09-24

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by Smartalex Thu Dec 03, 2020 10:15 pm

In this case, the peso is strengthening due to a rise in the price of oil, which is one of the three main sources of income to Mexico: oil, tourism and remittances from people working abroad. The U.S. dollar remains the world's reserve currency and will be the last to fail.
Smartalex
Smartalex
Share Holder
Share Holder

Posts : 2672
Join date : 2012-05-14
Location : Chapala

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by Jreboll Thu Dec 17, 2020 5:50 am

Dollar dipped below 90 this am. This is the lowest it’s been in 3 years. Peso is at 18.40 to a dollar.

Jreboll
Share Holder
Share Holder

Posts : 1823
Join date : 2014-09-24

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by ComputerGuy Thu Dec 17, 2020 7:51 am

Buy or sell?
ComputerGuy
ComputerGuy
Share Holder
Share Holder

Posts : 3199
Join date : 2012-04-23

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by Jreboll Thu Dec 17, 2020 8:25 am

In April the dollar index was about 103 so the trend is down. That means that imported items are starting to cost more and we’ll start seeing more inflation. With a weaker dollar Mexico will enjoy a better dollar/peso ratio. What you want to do with this info is up to you.

Jreboll
Share Holder
Share Holder

Posts : 1823
Join date : 2014-09-24

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by ComputerGuy Thu Dec 17, 2020 9:22 am

I still don't know if I am paying 18.40 to buy pesos, or getting 18.40 when I sell/trade them in. That's important.
ComputerGuy
ComputerGuy
Share Holder
Share Holder

Posts : 3199
Join date : 2012-04-23

Back to top Go down

Dollar dropping Empty Re: Dollar dropping

Post by Sponsored content


Sponsored content


Back to top Go down

Page 1 of 2 1, 2  Next

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum