Historical Exchange Rates per U.S. Government

playacaribe2

Well-known member
Jan 9, 2004
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With the perceived good news that the country may soon re-open for tourism, the decline of the value of the peso is slowing.....at least for the moment.

When the reality hits, that tourism, when it does return, will look nothing like it did pre-pandemic in terms of numbers and revenue, the peso will likely drift downward.......albeit slower..........but 63:1..........absent some major boost in revenue.........still appears to be the target for the end of December.


Respectfully,
Playacaribe2
 

slowmo

Active member
Aug 1, 2016
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The only reason the peso has stabilized against the US dollar in the last few days is that the US dollar has been dropping worldwide.
 

playacaribe2

Well-known member
Jan 9, 2004
9,039
324
83
The only reason the peso has stabilized against the US dollar in the last few days is that the US dollar has been dropping worldwide.
The only major currency gaining meaningfully against the dollar is the Euro (Yen is actually falling)..........after the ECB finally adopted a whatever it takes attitude to save their industries and economy. The 10 billion bailout of Lufthansa and the bonds being issued to save the southern European countries comes to mind.

USD/EURO has little effect on USD/PESO.........

And the peso has not stabilized.......its downward trajectory has merely slowed.


Respectfully,
Playacaribe2