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Come on, at least the Mexican peso has appreciated considerably this last year. Swiss francs, BTC.
by lalhadudki 4y ago
Come on, at least the Mexican peso has appreciated considerably this last year. Swiss francs, BTC.
- alchemist1e9 4y agoThank you for pointing out the Mexican peso strength, they have definitely been able to turn it around. Isn’t that actually a bit due to their strong US ties? Swissie and BTC make sense as safe havens for the sanctions and seizure risks of USD. I do expect those to continue to strengthen.
- InvaderFizz 4y agoStrong US ties, high interest rates, currency of choice until recently for the carry trade, and a large oil exporter. Large moves in the peso are largely tied to the price of oil. The past year it's gone from almost 21 to the dollar to nearly 18. Certainly sucks for me losing 15% on the conversation rate along with the general inflation that has happened. My food bill in Mexico is up like 40% over the past six months in dollar terms.