Peso hits all time low
It isn't just our poor Lonnie that is suffering. The Peso touched 16.5 on Friday. The Snowbirds who travel to AZ must be worried about the Loonie. It seems to be dropping very quickly. I think it wil...
Forum Discussion
Almot wrote:WyoTraveler wrote:
In fact, probably all over the world.
Yes.
How many times it should be said that it's not peso hitting "all-time low", but US$ hitting all-time high. Relatively to most other currencies, including $CAD. In $CAD pesos cost the same as a year ago, but $US cost more now. And then it will drop a little when the feds raise interest rate later this year, as they hinted recently. Though probably it won't drop to become 1:1 to $CAD, this time.
raising interest rates would cause it to go up.
