Rising Prices !!

[cbau]

Blame that idiot we have for President. Like Father Like Son. I just hope the time Jeb wants to run for Prez, people will remember the Bush name = FAILURE. And not vote for him.

 

[Hunter2012]

The US-Mexican border economy is supported by both U.S. and Mexican citizens and business people. There are also significant investments made in the region from businesses located primarily outside of both countries.

Currently the most significant change in the "border economy" is the significant reduction in United States tourists visiting Mexican border towns. A number of reasons for this has been cited, including the Mexican government's apparent inability to maintain desirable levels of peace and quiet and acceptable levels of violence by its citizens and residents.

Significant trade occurs on both sides of the U.S./Mexican border between the two countries.

For as long as I have been visiting the border areas of San Diego (over 25 years) I have seen large numbers of people who likely are Mexican citizens. For a long time Mexicans have crossed the border to buy goods and services not available in their resident areas (or only available at higher prices or in lower quality versions).

I maintain that the peso and dollar's value are constantly fluctuating. And it's largely been that case since Mexico stopped artificially "pegging" their currency to the dollar decades ago.

I think you show your ignorance of free markets and currency exchange when making the inane statement that no fluctuating is going on.
Many sharp business people in many different cities accept numerous foreign currencies.


Your words, not mine. I don't understand why you keep asking about some exchange rates that existed +40 years old. Especially since those were old pesos and in Mexico it is new (nuevo) pesos in circulation today.

I know just a limited amount regarding the history of the peso.

If I recall this correctly, the Bank of Mexico and one or more Mexican government agencies tried to hold the peso exchange rate unchanged at 12.5 pesos to the dollar starting in the mid 1950's. I believe they alternately propped up the dollar and the pesos value (in comparison to the other currency) for a long time, like 20 or 22 years (until it became impractical during the last 5 or so years of that policy and they couldn't continue on that track)

Mexico is hardly the first emerging economy that tried pegging its currency's value to some other foreign country's currency. This usually causes all types of economic inefficiencies and strife as markets can best correct imbalances when currency values are free to fluctuate in free markets.

A currency like the U.S. Dollar always exchanges freely against dozens of currencies everyday and has its (RELATIVE) value rising and falling constantly.


One last comment Amigomio...
All of my educated friends would spell psychology P-S-Y-C-H-O-L-O-G-Y.
But I understand your difficulty.
It is a four syllable word.

 

[good y tu shoes]

Again?
You really should check who mantains the US-Mexican border economy.
We Mexicans with money... people with money, dinero, mucho dinero. Not the kind nor amount you have in your pocket.
Am talking serious trade.
You really haven't seen the border town malls? How they are full of Mexicans?

Anyway...
Let me point the way: it has to do with PSYCOLOGY... you know, as in people believing they are getting a better deal right now in the US side.
(That part is like Aramean to you... pig Latin or your favorite funny idioms)

You don't get that at all... well maybe yes, by next year when we are talking the 3 r's (Recession, Recession, Recession).

By the way, you STILL don't get it... the pesos devaluates against the dollar, losing value.
HISTORICALY it DOES NOT GAIN VALUE as it is doing right now.
(That's the part you don't get too, it is not FLUCTUATING, it is GAINING value)

I guess that if you don't get what's going on with the Peso, I won't get into Euro vs. Dollar, where the US currency is getting the short end of the stick.... I was going to use that as an example of a currency devaluating, but no.
I don't think you even knew that the dollar is dead compared against the Euro.
(Did you know that in New York, businesses in Manhattan are accepting Euros, cause the rate is so good it atracts tourists????)


Ok Scatman... if you are so smart and Iam so dumb, please explain why the peso in the 1960's was worth 12.50 per dollar, but it was worth more than the 10.58 per dollar rate you get today.

 

[cookie25]

The following is a blatent misstatement of fact.The current exchange rate of around 10.5 pesos to the dollar is not a "once in a lifetime opportunity"

That was an obvious foolish comment.
One of many we have gotten on this forum from the same source.

 

[Zaylenn]

Scatman, Really.

You are in such a hurry to descredit me.

Of course the peso once had a 10.10-10.20 value.... and if you've gone further back, you'd seen that it even hit 9 pesos... WHILE GOING UP!
Hell, in the early 90's it was 4.50 per green bill.

And if your son had done his math, he would have noticed that the peso had an even better value 20-30 years ago.
(of course neither of you will understand why in the 60's the peso was worth 12.50 per dollar, but that doesn't mean the price was higher than today).
(of course one thing is math, the other Mexican economics history)

Didn't you "read" the table?
Historiclly the peso always constantly loses value against the Dollar, not the other way around, you little funny man.
It's right there under your nose

01/01/2006 10.66480

6 months later:

06/20/2006 11.45690

Shall we make it a year?
Shall I insert a graph?

Even if it fluctuates in a downward trend, keyword: fluctuates, the main characteristic of Mexican currency is devaluation, not revaluation of the Peso.

You really blew it this time Scatman.

By the way, forget what I said... web page is incredible.
I forgive you just for passing along the site.

 

[Andrea H]

I haven't notice any changes but that's because I usually use dollars. There seems to be a small inflationary price increase when you look at the average price mongers pay over all. For example many chicas at AB want $70 dollars, and almost all PM night shift girls at Hong Kong ask for $80. However, the old prices of $60 and even $50 can be had at these bars. I no longer here of mongers finding 100 peso SGs in the day time, however they still might be some SGs with prices still that low. I don't think the small inflationary price increase is related to the weakening dollar, but who knows?

However the last few months looking at those exchange rate converters that a monger from the US converting his money to peso gets less bang for the buck. where before I remember if a SG asked for $20 dollars, you would save almost $2 dollars by giving her 200 pesos, but now your savings is only about a buck? ( of course I'm rounding up, and perhaps that's the problem, and the change isn't that big?)

Could it be possible that the dollar will fall a little more where exchanging your money to peso won't be an advaneforum.xxxe? I don't know as I don't predict the future, but it looks like the dollar isn't doing so good against the euro, and/or most currencies? Could it be that soon the Mexican hookers will start asking for only pesos due to the weak dollar? I doubt it, but it would be funny if that were the case?

I see SMD looked it up and shows that the prices have been pretty stable the last few years and I noticed that too, but it's not something I pay close attention too, as $25 dollars(SG) and $60 dollars(BG) is the norm I been paying for years now.

 

[Anna :D]

if any of you guys are familiar with Everbank.com you'll notice that the peso is one of the currencies offered in their foreign cd package. they offer it in 3 and 6 month packages, which means that there are legitimate arguments for this currency to gain on the dollar. I myself jumped on the euro when it was 1.42!!!!

 

[bobcat11eob]

Once in a Lifetime???

One of my sons is 4 years old
And the U.S. Dollar's value against the Mexican Peso has been lower for extended periods twice before in just his short lifetime.

As usual, Amigomio is DEAD WRONG...
You can see for yourself at this site, as well as dozens of others.
http://www.oanda.com/convert/fxhistory


Check late January 2006 to early March 2006

Also late Spring 2003 (May 14, 2003 the dollar bottomed for that year at 10.125 pesos) as well as most of early summer (June & July) 2003.

Also check out the first 10 trading days of 2003

 

[Binkster]

Have any of you noticed that the dollar has gone down in Mexico?
Let me tell you that for the first time in my life I have seen it is going straight down.
So, many of you talk about "the prosperity" of Americans (yeah, right... let's talk about "prosperity" next year, it will "recession") but the value of your monetary unit is the pits all over the world... even ours.
6 months ago the exchange rate was, what? 11.20 per dollar?
Now it's 10.50 per dollar and still going down.
Right now, it's the other way around... border towns in your side are flooded by Mexicans taking advaneforum.xxxe of this once in a lifetime oportunity.

 

[M.O.A.B]

Alright, Thanks guys for your replies. Here is what I could think of, the small grocery shops opposite Hongkon/Miami bar overcharges, whereas the ones outside the alley are more cheaper for cigarettes and other sundries.

 

[church]

I think it's up to us to be smart consumers when we cross the border. Considering how much prosperity we enjoy compared to our neighbors to the south, they feel absolutely no guilt about overcharging us, even for basic things. When in mexico, I always try to hit places frequented by locals and not known to many americans, as this almost surely produces better prices.
I remember a few years ago, I went to a place called "plaza 21" in cancun which is the epicenter of their brothels and strip clubs. When I stepped off the cab, some guy comes running at me telling me that $35 will get me "access to all the bars there". I replied, I haven't seen a piece of ass yet and you want $35? no, I think im going back to the hotel zone. As I was about to jump into another cab, the price suddenly became $20 and I ended up paying $10 which is what some of the locals told me they paid later.

 

[hollee w]

Iv'e noticed it too! Some stores and taco stands are trying to take advaneforum.xxxe of tourists, charging higher prices. Find a store that doesn't do that. Cigarettes are now $3.00 in some stores. Fuck em, find another store.

 

[prashant4044]

Alright, I had to start another thread as per my "policy", of one thread a week ! Did you guys notice or was it only me that the prices have gone up in the US and also the zona. Last month when I was there, I noticed, one Taco shack (in front of Valentionos bar) was charging $ 1.20 for a Taco, used to be $ 1. Also the cigarette prices have increase, a year back it wa $ 2 then $ 2.25, now almost $ 3 for a pack of Marlboro lights ! The chica prices have remained steady I think. Some cab drivers charge or try to charge $ 6 too ! Anyone found similar or other increases ?