INSIDE LAKESIDE
Log In or Register

Check your spam/junk folder for activation e-mail after you register.

Join the forum, it's quick and easy

INSIDE LAKESIDE
Log In or Register

Check your spam/junk folder for activation e-mail after you register.
INSIDE LAKESIDE
Would you like to react to this message? Create an account in a few clicks or log in to continue.
INSIDE LAKESIDE

Living is Good at Lake Chapala


CAD to MXN

5 posters

INSIDE LAKESIDE :: Out on the Mirador - General discussion

Go down

CAD to MXN Empty CAD to MXN

Post by CanuckBob Mon Mar 23, 2020 8:41 pm

17.42 to 1. That is the highest I have ever seen it since moving here 8 years ago.

Unfortunately this will cause another big hit of inflation locally. They never seem to lower the prices when the peso strengthens.

_________________
Vacation Rentals
https://casadecomo.mx/
CanuckBob
CanuckBob
Share Holder
Share Holder

Posts : 20322
Join date : 2010-04-04
Age : 60
Location : Lake Chapala (from Vancouver)
Humor : Sick and twisted

https://casadecomo.mx

Back to top Go down

CAD to MXN Empty Re: CAD to MXN

Post by Jreboll Tue Mar 24, 2020 11:30 am

Are Uber and taxi drivers taking isolation precautions? I hear Uber drivers NOB are placing clear plastic sheeting separating front from back.

Jreboll
Share Holder
Share Holder

Posts : 2730
Join date : 2014-09-24

Back to top Go down

CAD to MXN Empty Re: CAD to MXN

Post by CanuckBob Tue Mar 24, 2020 12:10 pm

What does that have to do with exchange rates?

_________________
Vacation Rentals
https://casadecomo.mx/
CanuckBob
CanuckBob
Share Holder
Share Holder

Posts : 20322
Join date : 2010-04-04
Age : 60
Location : Lake Chapala (from Vancouver)
Humor : Sick and twisted

https://casadecomo.mx

Back to top Go down

CAD to MXN Empty Re: CAD to MXN

Post by lakeside7 Tue Mar 24, 2020 12:14 pm

CanuckBob wrote:What does that have to do with exchange rates?

I guess self isolation is being to take its toll and brains are getting frazzled!!

lakeside7
Share Holder
Share Holder

Posts : 291
Join date : 2012-06-17

Back to top Go down

CAD to MXN Empty Re: CAD to MXN

Post by slainte39 Tue Mar 24, 2020 9:25 pm

CanuckBob wrote:What does that have to do with exchange rates?

Maybe where they are at, they (the drivers) exchange pesos for CAD$.

slainte39
Share Holder
Share Holder

Posts : 9348
Join date : 2010-07-22

Back to top Go down

CAD to MXN Empty Re: CAD to MXN

Post by Smartalex Tue Mar 24, 2020 11:25 pm

While that bottle of imported maple syrup is gonna cost you more pesos at Superlake, the international exchange rate will have little effect on overall inflation in Mexico. Mexican inflation, for the most part, is based upon the minimum wage paid in the state of Mexico, which is often used as a baseline for determining prices throughout the Mexican economy.
Smartalex
Smartalex
Share Holder
Share Holder

Posts : 2678
Join date : 2012-05-14
Location : Chapala

Back to top Go down

CAD to MXN Empty Re: CAD to MXN

Post by CanuckBob Wed Mar 25, 2020 10:23 am

Not entirely accurate. Many items here are made with materials from the US hence higher price. There is also the local mentality that since the "gringos" have more pesos they can pay more and the prices get jacked up, particularly at restaurants.

_________________
Vacation Rentals
https://casadecomo.mx/
CanuckBob
CanuckBob
Share Holder
Share Holder

Posts : 20322
Join date : 2010-04-04
Age : 60
Location : Lake Chapala (from Vancouver)
Humor : Sick and twisted

https://casadecomo.mx

Back to top Go down

CAD to MXN Empty Re: CAD to MXN

Post by Jreboll Wed Mar 25, 2020 11:00 am

Minimum wages usually trail rate of inflation. Inflation happens on a daily basis and minimum wages are then adjusted to keep up.

Jreboll
Share Holder
Share Holder

Posts : 2730
Join date : 2014-09-24

Back to top Go down

CAD to MXN Empty Re: CAD to MXN

Post by Sponsored content


Sponsored content


Back to top Go down

Back to top

INSIDE LAKESIDE :: Out on the Mirador - General discussion

 
Permissions in this forum:
You cannot reply to topics in this forum