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Living is Good at Lake Chapala


Exchanging U.S. dollars to pesos

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David
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INSIDE LAKESIDE :: Out on the Mirador - General discussion

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Exchanging U.S. dollars to pesos - Page 2 Empty Re: Exchanging U.S. dollars to pesos

Post by slainte39 Sat Nov 24, 2012 12:00 pm

David wrote:PPT?

Pejorative Posting Trauma

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Exchanging U.S. dollars to pesos - Page 2 Empty Re: Exchanging U.S. dollars to pesos

Post by E-raq Sat Nov 24, 2012 12:07 pm

The plunge protection team.

read all about it here:

http://en.wikipedia.org/wiki/Plunge_Protection_Team#Plunge_Protection_Team
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Exchanging U.S. dollars to pesos - Page 2 Empty Re: Exchanging U.S. dollars to pesos

Post by David Sun Nov 25, 2012 11:39 am

slainte39 wrote:


Then what is the truth?

While I don't know the "why" of it, the Peso moves in sync with the DOW. Remember, the Peso is a free market currency and not controlled by the Mexican Gov't. They'll sell $US (they have many) when the Peso is deemed to have weakened too much but the impact is minimal.
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Exchanging U.S. dollars to pesos - Page 2 Empty Re: Exchanging U.S. dollars to pesos

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