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Old 11-21-2007, 11:50 AM
 
Location: The world, where will fate take me this time?
3,162 posts, read 10,489,272 times
Reputation: 1425

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What is the reasoning behind this thread?

1 A weaker dollar makes Mexican imports to the USA more attractive, because the Mexican peso is tied to the dollar thus boosting the Economy of Mexico, and helping the American consumer which can rely on these products instead of those who come from other countries, easing inflation that otherwise would be faced from America's heavy dependence on foreign made goods.

2 Mexican peso is tied to the dollar so American exports continue being attractive to this country because they remain more or less the same price (although they are getting a bit cheaper which gives them a slight boost, but not the drastic reductions they've experienced in countries like Brazil, whos currency is r$1.70 per $1.00 now compared to r$2.20 per $1.00 just 3 months ago )

3 As 80% of Mexican exports go to the USA, and a substantial amount of US exports come to Mexico thanks to Nafta, the current drop in currency value doesn't create inflation here, but it boosts Mexican exports to the rest of the world which is helping give a boost to Mexico's economy.

4 A weaker dollar is also good news to America, because goods manufactured here become more attractive as the dollar drops in value, thus boosting domestic investment, foreign investment, and discourages outsourcing.

imho This situation alone will prove to be the huge equalizer that eases illegal migration, but ymmv

Do you agree with this thread? Disagree with it? please state your reasons?
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Old 11-21-2007, 01:09 PM
 
2,432 posts, read 6,107,622 times
Reputation: 1035
Actually the dollar hasn't lost that much value against the peso. Pretty stable actually. So prices will remain constant relative to the normal economic fluctuations of our economies.

In Nov 2005 the dollar purchased 10.67 pesos.
In Nov 2006 the dollar purchased 10.91 pesos.
In Nov 2007 the dollar purchased 10.84 pesos.

Monthly Average Graph (Mexican Peso, American Dollar) 2007 (broken link)
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Old 11-21-2007, 01:12 PM
 
Location: California
3,432 posts, read 2,288,714 times
Reputation: 138
Quote:
Originally Posted by Hawkeye48 View Post
Actually the dollar hasn't lost that much value against the peso. Pretty stable actually. So prices will remain constant relative to the normal economic fluctuations of our economies.

In Nov 2005 the dollar purchased 10.67 pesos.
In Nov 2006 the dollar purchased 10.91 pesos.
In Nov 2007 the dollar purchased 10.84 pesos.

Monthly Average Graph (Mexican Peso, American Dollar) 2007 (broken link)
I have been to Mexico pretty much every year in December. Most of the time the dollar has been $11 and above, never below $11-- only on rare occasions.
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Old 11-21-2007, 09:00 PM
 
Location: The world, where will fate take me this time?
3,162 posts, read 10,489,272 times
Reputation: 1425
Quote:
Originally Posted by Hawkeye48 View Post
Actually the dollar hasn't lost that much value against the peso. Pretty stable actually. So prices will remain constant relative to the normal economic fluctuations of our economies.

In Nov 2005 the dollar purchased 10.67 pesos.
In Nov 2006 the dollar purchased 10.91 pesos.
In Nov 2007 the dollar purchased 10.84 pesos.

Monthly Average Graph (Mexican Peso, American Dollar) 2007 (broken link)
Yup, the peso is pegged to the dollar, that's why I stated it's good for both economies

if you read the my post carefully you'll see the reasoning behind it
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