Worsening Exchange Rate

avatar for OPIllini96
OPIllini96
Just crossed the border into TI. As usual, before I did, I stopped to exchange $100 in dollars for pesos. The rate is now 16.1 for every dollar, by far the worse I've seen it. Needless to say, this $100 will be my last exchange until the rate improves.

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avatar for sfrsox
sfrsox
a year ago
The clubs take dollars, not pesos, though, right?
avatar for OPIllini96
OPIllini96
a year ago
@sfrsox: yes, that's correct. They take either TBH but prefer dollars.
avatar for PutaTester
PutaTester
a year ago
As a result, it is tough to complain about increased session prices, considering the weakness of the US dollar.
$2046MX=$120US, compared to when the ratio was about 20:1 and $2046MX=$100.
avatar for azfriole
azfriole
a year ago
HK is 17 to 1 still. But what I want to know if the dollar rebounds will they drop their prices?...lol
avatar for funonthaside
funonthaside
a year ago
^ They will....as they use an index tied to the official exchange rate.
avatar for motorhead
motorhead
a year ago
The facts are this is not a hobby for cheapskates. Worrying about exchange rates seems akin to worrying the waitress brought you the wrong drink when the bar is burning down
avatar for Jascoi
Jascoi
a year ago
it does vary sometimes... The price of pussy.
avatar for PutaTester
PutaTester
a year ago
Actually, some of the girls I have on speed dial I have been seeing for years and we like each other, so I get services for the same price, no matter the exchange rate. It is good to have a solid business relationship.
avatar for OPIllini96
OPIllini96
a year ago
I agree, Puta. And also concur that the exchange rate is why prices have gone up. It took a while, but worldwide inflation has reared its ugly head in Mexico.
avatar for RonJax2
RonJax2
a year ago
If you're waiting for the exchange rate to come down, don't hold your breath. The increasing strength of the peso vs. the dollar is part of a year long trend:

https://www.xe.com/currencycharts/?from=…

Economists expect the trend to continue. There are many reasons, but a primary one is the USMCA (NAFTA replacement signed under Trump) is driving direct foreign investment into Mexico. It's not that the dollar is doing bad (or inflationary pressure), it's that the Peso is just doing really well.

https://kfoxtv.com/news/local/utep-profe…

TLDR: expect higher prices in TJ, and book your trip there soon because it's probably only going to get worse.
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