- Thread starter Adrian Bye
- Start date
US Exchange Rate
That's the customer buying dollars rate, much lower for the customer selling dollars to the BanReservas.
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This thread is only for US dollars to peso updates.
There is another thread for Canadian exchange. Feel free to start one for Euros.
This thread is only for US dollars to peso updates.
There is another thread for Canadian exchange. Feel free to start one for Euros.
Peso devaluation
January - 0.22 %
February - 0.14 %
March - 0.08 %
April - 0.01 %
May - 0.03 %
June - 0.44 %
July - 0.43 %
August - 0.53 %
September (so far) - 0.91 %
(compared to closing rate last day of previous month)
My question is ... we are seeing accelerated devaluation of peso since June, and it's taken fast track on devaluation this September. Central Bank injected 150 million dollars into exchange market just this week in an attempt to stabilize exchange rate. Back in July the governor of CB said the accumulated depreciation for 2019 was among the "best" in region and only 2% Jan-Aug, down from 3% for the same period last year.
Looks like that after his words the depreciation picked up.
Can our exchange rate experts (playacaribe, etc.) chime in on what's going on in the peso dollar market and what are the expectations for the exchange rate to go to by the end of this year?
years end?
I got yesterday at western union in PC Village 51.75 for exchanging only a small amount of 200.-US.
I sure would have gotten more than 52.00 if I would have exchanged 1500+
Western union was buying US for 50.90 on Saturday but I got 52.4 times $2000 at another local Cambio.
