3 ms·
How is it 20,000:1? Google's conversion calculator has it around 20:1 right now.
by rxhernandez 5y ago
How is it 20,000:1? Google's conversion calculator has it around 20:1 right now.
- murukesh_s 5y agoif you see a 40 year period, inflation is 200k%? (wow) https://www.inflationtool.com/mexican-peso/1980-to-present-value https://www.inflationtool.com/mexican-peso/1980-to-present-v...
- kungito 5y agoFrom what I have heard was happening in my home country as well during hyperinflation, usually you don't have access to the foreign currencies, only the politically connected people to. Then they dump the forex into the black currency market at ridiculously inflated prices
- notahacker 5y agoIt's a lot easier for a poor person to find someone that will give them a dollar for their pesos than some satoshis...
- dragonwriter 5y agoIts 20,000:1 based on the old peso, because in 1993 the peso did what was in effect a 1,000:1 reverse split where 1,000 old pesos (1,000 MXP) were exchanged for 1 new peso (1 MXN).