Sayanora,
Nice graph, brother!
Criss,
Yes, i agree with you Criss...it seems like a sure thing that the peso is heading south against the dollar...however, meanwhile, until it takes its nasty suicide jump off the bridge, why not sit back and enjoy the 10% interest? it buys a lot of coffee! it also buys a lot of coffee enemas.
And if the pesos continues it slow downward spiral into an abyss, the compounded monthly interest will offset the decrease in the pesos value, until at some point, the exchange rate will be too far gone to make it worthwhile at 10%. This happened in the past, so Central Bank simply upped the interest rate paid on CD's to the point where, at one point in 2005, they were paying 23% annually in order to offset the devaluation of the peso.
But look, i'm no math guru, nor am i qualified in yoga instruction or hair weaving. But i'm fairly good at Ginsu knife throwing. I'm also nearly illiterate, but look, i have a degree in hillbilly conversation and dialogue, and that must count for something?
I'm not even slightly educated in economics--i don't even know how to spell the word--but, meanwhile, i'll keep enjoying the 10% annual interest until at which point, it no longer makes economic sense and i'm left with a pile of worthless pesos to light my cigars with.
Frank