Dollar dropping against the peso!

[Gringoboy]

Seems we were lucky then.
Completed on the sale of our house yesterday and the best we could get was 6.12.

 

[jjsto]

It is a race to the bottom, really. Both Cristina and "Helicopter" Ben are printing like crazy. Time will tell who will outprint the other.

It is not a race to the bottom. There is a big difference between expanding the monetary base and expanding the money supply. This is reflected in inflation. 25% vs 2%. If it was a race, Argentina would be crushing the US.

 

[cbonanni]

Does anyone ever look at the official rate ? It passed 4.7 yesterday. Blue will catch up. Low demand. Also , how much are you changing and will .10 peso make a substantial change in your life ? or .20 pesos ?

Don't worry. Unless you are very large currency speculator , and are risking yours , or others bid bucks. If you are so desperate over .10 peso , drop your cablevison. You will save more money...... or is this just another useless thread........

 

[rrptownley]

Seems we were lucky then.
Completed on the sale of our house yesterday and the best we could get was 6.12.

Congrats

 

[el_expatriado]

That article in the Cronista is interesting. Bad news for expats that the USD is going down, but good news for anyone who has a salary or investment in pesos.

In my personal opinion, I always thought the blue rate was an exaggeration. It seemed to me like paying 6.5 pesos for a dollar was too much. I never actually bought any dollars at that rate. When the blue chip swaps were up to 6.7 (and a maximum of 6.9) I was going crazy trying to sell as many dollars as I could to take advantage of that rate.

Maybe we'll go back to the equilibrium of 5.90ish that we were at back in june/july.

 

[PhilinBSAS]

Alternatively could well be the proverbial "dead cat bounce"?

http://www.phrases.org.uk/meanings/108600.html

 

[Rich One]

I believe that the predictions will hold true for the dollar blue and peso...!
Average 2013, predicted as $7,20 and$5,41, respectively.

 

[Thereandbackagain]

I think it`s just a necessary consolidation. It went up to fast and now everyone has to get adjusted. I assume we will see those 7 by December, when demand is up again.

 

[Conorworld]

Maybe the rise of the official rate and drop of the blue rate is both finding an equilibrium where the peso reaches its true price to the dollar.

 

[John.St]

What you see is probably the USD sliding world wide since early September.

See http://www.oanda.com/currency/converter/