Worsening Exchange Rate
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.
Comments
last commentThe clubs take dollars, not pesos, though, right?
Log in to vote
@sfrsox: yes, that's correct. They take either TBH but prefer dollars.
Log in to vote
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.
Log in to vote
HK is 17 to 1 still. But what I want to know if the dollar rebounds will they drop their prices?...lol
Log in to vote
^ They will....as they use an index tied to the official exchange rate.
Log in to vote
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
Log in to vote
it does vary sometimes... The price of pussy.
Log in to vote
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.
Log in to vote
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.
Log in to vote
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:
www.xe.com
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.
kfoxtv.com
TLDR: expect higher prices in TJ, and book your trip there soon because it's probably only going to get worse.
Log in to vote