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1 Dollar equals 17.11 Pesos

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Post by MichaelB Wed Jun 14, 2023 3:54 pm

Asking the folks who have seen this in the past, How screwed are we going to be before this stops. Is this because of Brandon's economic destruction or is the peso getting that strong? Anyone with a crystal ball?

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Post by mudgirl Wed Jun 14, 2023 4:25 pm

Posts with political bias belong in the Octagon section.

And you aren't being "screwed". It was your choice to live in a foreign country on your US income and savings. Currency exchange fluctuates- it's part and parcel of choosing to be a retired expat.

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Post by Jreboll Wed Jun 14, 2023 5:09 pm

Politicians are always talking about the economy but economic forces are greater than one person can influence. Usually all they do is make one class of people wealthier at the expense of others.

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Post by mudgirl Wed Jun 14, 2023 5:19 pm

Also I would say that if one has adopted Mexico as their chosen place to live, and care about others, they should be happy to see the Mexican economy thriving- a strong peso is good for the Mexicans.

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Post by lotusflower Wed Jun 14, 2023 5:53 pm

MichaelB wrote:Asking the folks who have seen this in the past, How screwed are we going to be before this stops. Is this because of Brandon's economic destruction or is the peso getting that strong?  Anyone with a crystal ball?

One of the reasons Mexico's economy is thriving is from near shoring. The pandemic which caused a huge bottleneck in the supply chain caused many companies to move manufacturing closer to home, i.e. Mexico:

https://www.ft.com/content/45185d78-3f90-4404-a721-55945c4a6841

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Post by OasisCloud Wed Jun 14, 2023 7:01 pm

Most forecasts that I have read think that the peso will continue to strengthen against the dollar, perhaps hitting 15 to 1 by the end of the year.

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Post by RickS Wed Jun 14, 2023 8:15 pm

Some folks just don't understand the affects of world-wide inflation. Point fingers at easiest target... often political. Call them names.  Sad.
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Post by CanuckBob Thu Jun 15, 2023 8:19 am

I believe the peso will remain strong and probably get stronger over the next couple of years.

https://finance.yahoo.com/news/mexicos-president-explains-peso-strength-073300850.html

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