Exchanges such as the New York Stock Exchange (NYSE) and the Chicago Mercantile Exchange (CME) allow investors to trade shares electronically.But the exchange rates that are used in the exchanges are different from those used by the U.S. government.This can lead to a difference in the exchange rate.Below is a guide to the exchange and […]
Tag: mexico exchange rate
What’s the Mexican peso exchange rate like?
A currency swap is often a last resort when your local currency is out of control.But that’s what happens when your peso loses its value.It becomes worthless for all to see, and that’s exactly what’s happening in Mexico.And the country’s currency is in a tailspin, with the country on track for a total of $3.4 […]
How to use Exchange Rate to buy and sell jewelry
Here are a few tips to help you navigate exchange rates in Mexico.If you’re buying and selling a large quantity of jewelry, use a website that shows you the price for each piece.Also, try to look at the exchange rate from the time you placed the order to the time the item ships. If you’re selling […]
What to expect as the peso falls: Why Mexico’s peso is plunging
By Mike GrollThe peso has been on a tear lately.In late August, the pesos fell from an all-time high of US$2.731 to around US$1.99, or about 2.5% in some cases.The peso fell by a further 4% in early September, hitting a new record low of US6.89.But, according to data from the U.S. Central Bank, the […]
