The Progreso online platform is excellent too..
much easier than anything I have encountered elsewhere.
That's one thing to be said for the RD banking........
once you're in - it works well
How much do they take from you when it sits idle ? Is this the bank that needed to know where your wealth accumulated ? You do drive an MUX after all.
Good ol' Red SkeltonAnd really Chico
I am just one rung above Clem Kadiddlehopper on the social ladder...
My account never sits idle... I have a payroll every 2 weeks and I’m here 7-8 months a year
No not the bank asking that....that was a European bank
I remind you the MU-X is used.....
I've noticed that, too. The peso has been devaluating faster in the last month or two than previously. There's a shortage of USD in the country. I think that's why. That's another reason they just had that big bond sale.
What has been the historic rate of devaluation relative to the dollar?
I just did a rough calculation and seems about 4% per annum. Sound right?
Except for the banking crisis years......that seems about the average depreciation rate.
The US Federal Reserve FOMC is meeting this week and likely to hike US rates. If US rates rise, this will push the peso value down further as it edges closer to a milestone 50:1 against the dollar.
Respectfully,
Playacaribe2
The milestone was 2004....54 to 1
Xoom exchange rate sucks.
If you take home delivery in USD you will get the delivery agent Caribe Express' rate of the day, which is usually pretty good. Funny thing is that USD is the only currency that the home delivery is available in on xoom's site, but Caribe Express will change it when they deliver it. Another funny thing is that xoom won't let you get USD unless you have it delivered, but if you don't want to wait for delivery, if you have them text you with updates, you will get a transaction number that you can bring to a Caribe Express teller and show your ID to pick it up there.