Peso Tanking?
We skipped our annual trip south of the border this year, planning on 2015. I have been reading the peso is dropping in value. Today it is around 15 to 1 U.S. Causes for the drop are said to be the c...
Forum Discussion
I regularly read a couple of political economist type columnists. I don't research what they write to be sure of its accuracy. With that disclaimer out of the way... One writes a lot about the dollar versus other currencies. He says the dollar is gaining value against all of them, and expects it to continue. It's a currency war by the major competitors to the dollar. They all want their currencies to be cheaper, to discourage their imports and encourage their exports. Apparently it has affected the peso as well.
Even the Loonie is down vs. the USD, from what I've read. I'm sure our Canadian members can affirm or correct me on that. (It affects the NHL salary cap calculation such that my Blackhawks might have to shed a highly paid player to meet the cap.)
Anyway bottom line, the USD is moving higher against almost all other currencies. So travel to other countries is getting cheaper. Imports will be cheaper. Exports will be more expensive.
Even the Loonie is down vs. the USD, from what I've read. I'm sure our Canadian members can affirm or correct me on that. (It affects the NHL salary cap calculation such that my Blackhawks might have to shed a highly paid player to meet the cap.)
Anyway bottom line, the USD is moving higher against almost all other currencies. So travel to other countries is getting cheaper. Imports will be cheaper. Exports will be more expensive.
