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Forums  > Areas > Jalisco's Lake Chapala Region


Ed

Nov 30, 1919, 12:00 AM

Post #1 of 2 (2536 views)

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Peso Climbing Are You Loosing Money

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With the peso at 10.27 are ypu loosing money at Loyds etc.Do you think it will climb higher.Thee more it goes up the more you loose.If you bought in at say 9 to 1 us you have lost 10% of your money.Right or wrong,thanks for your replies.<p> Ed



Bueno

Nov 30, 1919, 12:00 AM

Post #2 of 2 (2534 views)

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Peso Climbing Are You Loosing Money

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Prices here are about the same. Someone who came here less than a year ago and put money in a peso account got approx. 900 pesos for $100. Someone who comes now wil get over 1000 pesos for $100. The value of the funds put into the peso account earlier, in terms of what he can buy here or what he can turn it back into dollars for now is less than $90.<p>The value of the peso has declined in the world markets. This makes Mexico an even greater place to visit, since a visitor will get more for his money now than he sis a year ago. Unfortunately it will gradually lead to higher prices here!
 
 
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