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About a year ago, I considered moving to Mexico as a US expat. I spent about 6 months checking out all the pros and cons of moving to Mexico. During that period of time, I watched the value of the USD slide in relation to the MXN Peso. During the summer of 2007, the USD was trading at around MXN11.6 to USD1.00, today I checked the currency value and it was MXN10.40 to the USDollar. So in one year's time, the value of the USD has fallen 10% against the MXN Peso. The slide of the USD and the availability of cost-effective health insurance were the deciding factors against moving to Mexico. I would like to get an idea of how US expats, especially those that have moved to Mexico within the past year, are reacting to the slide of the USD and how it affects their living situation in Mexico. Thanks!
There is NO CONSTANT number in the exchange rate between the US and Mexico. Living in Baja the numbers will vary depending on where you are and what you are purchasing. Where I'm at Pemex gas is P10.0 to $1.00, at the border it can be P11.0 to the $1.00. hear again depending on what you are buying. Grocery mkt chain P10.40 to $1.00. Independent retailers will vary their exchange dollar rates depending on the dealers needs. Exchange rate is not going to be overly one sided. As the rate goes, so does the price increase goes, never drops downwards. Been here 12 yrs and I go with the flow. Steve
There is NO CONSTANT number in the exchange rate between the US and Mexico. Living in Baja the numbers will vary depending on where you are and what you are purchasing. Where I'm at Pemex gas is P10.0 to $1.00, at the border it can be P11.0 to the $1.00. hear again depending on what you are buying. Grocery mkt chain P10.40 to $1.00. Independent retailers will vary their exchange dollar rates depending on the dealers needs. Exchange rate is not going to be overly one sided. As the rate goes, so does the price increase goes, never drops downwards. Been here 12 yrs and I go with the flow. Steve
Thanks! Sounds like the "street value" of the USD determines the exchange rate, rather than the "official" exchange rate.
About a year ago, I considered moving to Mexico as a US expat. I spent about 6 months checking out all the pros and cons of moving to Mexico. During that period of time, I watched the value of the USD slide in relation to the MXN Peso. During the summer of 2007, the USD was trading at around MXN11.6 to USD1.00, today I checked the currency value and it was MXN10.40 to the USDollar. So in one year's time, the value of the USD has fallen 10% against the MXN Peso. The slide of the USD and the availability of cost-effective health insurance were the deciding factors against moving to Mexico. I would like to get an idea of how US expats, especially those that have moved to Mexico within the past year, are reacting to the slide of the USD and how it affects their living situation in Mexico. Thanks!
YOU were thinking of moving to Mexico? Honestly based on some of the threads you have started that depict serious problems towards hispanic, I just couldn't see why you would want to live there amongst nothing but hispanics.
YOU were thinking of moving to Mexico? Honestly based on some of the threads you have started that depict serious problems towards hispanic, I just couldn't see why you would want to live there amongst nothing but hispanics.
Actually, I have no problem living among Spanish speaking persons (Latinos/Hispanics), I've been studying Spanish for the past 2 1/2 years. My thread was a "rhetorical" post designed to generate interest in the rise of the Spanish speaking population in the US, certainly not to denigrate Spanish speaking persons. The 2 factors that prevented me from planning a move to Mexico, were the sliding value of the US Dollar versus the Mexican Peso, and the unavailability of reasonably priced health insurance for a non-citizen (ex-patriat) in Mexico. I am now planning a move to New Mexico around 2011 which has a 44% Spanish speaking population.
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