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Living is Good at Lake Chapala


The $ Exchange Rate

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slainte39
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INSIDE LAKESIDE :: Out on the Mirador - General discussion

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The $ Exchange Rate Empty The $ Exchange Rate

Post by borderreiver Tue Sep 01, 2015 1:57 am

Wether you are a Canuck or a Yank the current exchange rate is treating you kindly. That's the good news. For our Mexican friends - not so good. Anybody noticed creeping price increases locally - especially in restos ? Restowise I would expect to see more "whiteout" on menus and new pricing. Just curious.
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Post by Zedinmexico Tue Sep 01, 2015 7:53 am

Are we seeing Peso pressure or normal Mexican inflation?? I am not sure.

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Post by otrocanuck Tue Sep 01, 2015 8:18 am

I was just checking the predictions for the exchange rate and according to that no one expected it to reach over 17 p/USd, close but not over. Looks as if they are expecting 16.5 over the next couple of months then decreasing to lower then 16 after that.
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Post by CanuckBob Tue Sep 01, 2015 9:10 am

With Canada and Mexico being the number one and number two exporters importers of US goods I would expect to see the US Govt take steps to either lower their dollar or bolster the CDN and MXN currencies since both are down substantially against the USD.


Last edited by CanuckBob on Tue Sep 01, 2015 10:36 am; edited 1 time in total
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Post by slainte39 Tue Sep 01, 2015 10:18 am

CanuckBob wrote:With Canada and Mexico being the number one and number two exporters of US goods I would expect to see the US Govt take steps to either lower their dollar or bolster the CDN and MXN currencies since both are down substantially against the USD.

Exporters or importers, Bob?

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Post by CanuckBob Tue Sep 01, 2015 10:27 am

Importers.......jajaja. Good catch.
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Post by SunshineyDay Tue Sep 01, 2015 10:28 am

Slainte it is his birthday and maybe the tequila is just starting to take affect. LOL

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Post by SunFan Tue Sep 01, 2015 12:05 pm

Just talked to Spencer at S&S this morning.

He expects new car prices at the Dealerships to increase 3 to 5 % this month.....even the 2015's on the lots.

Somebody is taking advantage of the falling peso.

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Post by David Tue Sep 01, 2015 6:49 pm

Si, por que no?
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Post by SunFan Tue Sep 01, 2015 7:35 pm

I'm just envious.

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Post by Jim W Tue Sep 01, 2015 7:40 pm

SunshineyDay wrote:Slainte it is his birthday and maybe the tequila is just starting to take affect. LOL



Naw, he is in control! razberry
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