When the Peso was over 40 to 1 $US, the Gov't. stepped in and said they would "force" the rate down to 30 to 1. For a while the rate dropped steadily until it hit around 34 to 1. Reading the posts here on the exchange rate thread, it looks like the peso is up in the high 30s again. Is is really going up all over the country? What is the Gov't. doing to try to keep it down? What can they do?
Is there a large variation in exchange rates among the different places of exchange? Or all they all pretty close? Is this "pressure" something the gov't. has already abandoned?
Is there a large variation in exchange rates among the different places of exchange? Or all they all pretty close? Is this "pressure" something the gov't. has already abandoned?