X Rate Madness!

[matkirk]

Currently back over 14 to the dollar - get ready to start changing those dollars! (lets just hope inflation doesn't kick in!!!)

Dollar strengthening against the pound as well!

[Jim in Cancun]

Cash is king--any cash it seems really--stock markets tumbling more today.

[Gringation]

Saw that today... sooo excited!

Question: When I transfer dollars to a pesos account, do I go by the bank's "compra" number or "venta" number?

[SamCancun]

Originally Posted by Gringation

Saw that today... sooo excited!

Question: When I transfer dollars to a pesos account, do I go by the bank's "compra" number or "venta" number?

Should be compra because they buy dollars at that rate, so they give you for example 13.50 for each dollar they buy from you, when the actual exchange rate is 14 but if you want to buy dollars (say your going on holiday to the US) you use their venta rate which would be higher than the exchange rate, say for example you have to pay 14.50 for every dollar they sell you. So they always win.

I think that's right anyway!

[SCMcons]

Originally Posted by matkirk

Currently back over 14 to the dollar - get ready to start changing those dollars! (lets just hope inflation doesn't kick in!!!)

Dollar strengthening against the pound as well!

When will the stores/merchants start to adjust prices based on the weaker rate?
It seems as though the lag is very short for the adjustment.

[Dougout2424]

Chart says no real resistance until 15. Not saying it's going there but don't jump in the way of a freight train. Last peak was about 15.5. Oil getting killed!!!!!

[Canadian Dos Equis fan]

The Canadian dollar fell over two cents compared to the greenback today, closing below parity for the first time in months. I think I may steer all my future savings into lottery tickets. Easier to make sense of than stock/money markets...