Thursday, October 6, 2016

Peso watch 2016

In the summer of 2011, a dollar bought you 11.5 pesos.  Five years later, a dollar buys you 19 pesos, basically making one peso equal to a nickel. After the initial response of, "Yasssssss, I can buy lots more stuff!", I know this is not a good thing and will further damage Mexico's recovery. We'll see how it looks on the ground.

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