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Peso Plunges

January 31, 2009 | 4 Comments

The value of Mexico’s peso dropped to 14.1-per-dollar in the last week of January 09. I got just over 10 pesos per dollar in November ‘08.


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4 Comments so far

  1. Carl on February 3, 2009 9:29 AM

    The value of the Mexican peso continues to fall in the first week of Februrary, 2009. If you’re buying pesos today (3 Feb) you’ll get about 14 pesos for every U.S. dollar. If you are buying dollars, however, you’ll pay about 14.6 pesos per greenback.

  2. rfin on February 3, 2009 10:03 AM

    How can I buy pesos in the US?
    The banks in Navajoa and Alamos are scared to exchange dollars now because of the drop. Meanwhile, buying pesos in the US would be the best exchange, I think, and if it’s possible.
    International finance over beer money. Ain’t life grand.
    Hasta,
    Rob
    http://1stbeach.com

  3. Dave hensleigh on February 4, 2009 10:53 AM

    I recently bought pesos here at my localbank near Philly. This eemed better than using a broker and having them delivered to my home. It took 24 hrs and was a good rate. With rates doen,I think i will buy more tomorrow. One thing I like about going down to Copper Canyon is that we can put some of those back in.
    Question: will iy be hatrd to buy pesos there in a few weeks?

  4. dhensleigh on March 16, 2009 6:49 AM

    No problem buying pesos there last week. During the week the rate got above 15!!!

    I have told our hotel and guide friends there that we will continue to pay at old rates.

    dave-authenticcoppercanyon.com

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