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Mexican Peso Crashes To Record Lows As Trump Odds Surge
ZeroHedge ^ | 9/16/16

Posted on 09/16/2016 6:51:11 AM PDT by Be Careful

After last year’s annus horribilis that saw the currency shed more than 14 per cent of its value against the dollar, the peso is down an additional 10.5 per cent so far this year – making it the world’s second worst performing major emerging market currency after the Argentine peso,

(Excerpt) Read more at zerohedge.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
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To: Be Careful
Mexican Peso Crashes To Record Lows As Trump Odds Surge

The Wall just got more expensive for Mexico.

21 posted on 09/16/2016 7:15:36 AM PDT by The Sons of Liberty (When satan's sister calls you "DEPLORABLE", you know you're on the right path!)
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To: Be Careful

I’m semi-retiring in Mexico. Six months here, six months Mexico. Very soon. I love Mexico! Sorry if that causes some of your heads to spin. And I’m voting for Trump!


22 posted on 09/16/2016 7:15:37 AM PDT by Ge0ffrey
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To: Gay State Conservative
I was an Army Brat in Japan in the 50s. The exchange rate was 365 yen to the US dollar. Of course, no one was allowed to have “dollars.”

We had MPC, Military Payment Certificate instead. MPC or “script” was in $.05, $.10, $.25, $1, $5, $10 etc...
As a kid, I could have a wallet full of pink, gold, green and orange MPC, adding up to $3 or $4 bucks...

23 posted on 09/16/2016 7:16:43 AM PDT by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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To: jjotto

That’s 8 cents per peso............


24 posted on 09/16/2016 7:17:06 AM PDT by Red Badger (YES, I'm Deplorable! I Deplore the entire Democrat Party!....................)
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To: Be Careful

I think when it becomes clear that Trump is going to win, you will see cad and truck loads of Mexicans heading south for the border.


25 posted on 09/16/2016 7:17:29 AM PDT by Cowboy Bob
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To: DuncanWaring

Either way, it’s not worth a plug nickel...............


26 posted on 09/16/2016 7:17:59 AM PDT by Red Badger (YES, I'm Deplorable! I Deplore the entire Democrat Party!....................)
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To: Ge0ffrey

Good luck south of the border.
There is no rule of law...


27 posted on 09/16/2016 7:19:31 AM PDT by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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To: Be Careful
Better ...

Philippine Peso UP a point !

EVERYTHING hinges on strong leaders and in THIS day and age it is testosterone over estrogen.

Sorry ladies, but it is what it is.

28 posted on 09/16/2016 7:20:12 AM PDT by knarf
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To: Be Careful

The irony is that the lower the peso, the cheaper Mexican imports are in the US and the more expensive US goods are in Mexico.


29 posted on 09/16/2016 7:20:57 AM PDT by Brilliant
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To: jjotto

When I was a kid in the 60’s in Mississippi, My uncle who lived in California, came to visit and he brought me some Mexican Pesos. I asked how much they were worth and he said ‘about a nickel’ each................


30 posted on 09/16/2016 7:20:58 AM PDT by Red Badger (YES, I'm Deplorable! I Deplore the entire Democrat Party!....................)
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To: Be Careful

Mexico will become very cooperative when Trump wins.


31 posted on 09/16/2016 7:21:25 AM PDT by Lurkinanloomin (Know Islam, No Peace - No Islam , Know Peace)
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To: Gay State Conservative

I don’t see this as good or funny news.

Most of the Mexican people are good people stuck in a bad system with horrible leadership (currently like us).

If anyone thinks this will not drive more Mexicans to come across our border to make US dollars please explain.

Yeah yeah yeah I trust Trump to do his best if elected and wouldn’t doubt people who manipulate currency values like Soros to be behind this.


32 posted on 09/16/2016 7:21:41 AM PDT by jcon40
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To: Be Careful

My wife is a (legal) immigrant from Mexico so this is good news for us when we travel there but bad news for our family there. BTW, I doubt people here really appreciate how much Peña Nieto is despised by Mexicans. They can’t wait to be rid of him. Today being Mexican Independence Day it will be interesting to see how he is greeted when he makes the traditional grito de Dolores.


33 posted on 09/16/2016 7:22:28 AM PDT by jalisco555 ("In a time of universal deceit telling the truth is a revolutionary act". George Orwell.)
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To: Moltke
--Seems like, all around, naming your currency “Peso” is not a recipe for wealth creation.

I think you're on to something. Maybe they should have called it the 'Pepe'.

34 posted on 09/16/2016 7:22:30 AM PDT by JPG (Go Trump!)
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To: Red Badger
1 Mexican Peso equals 0.052 US Dollar.

Can't see where free trade with them would be a problem. /SARCsarcsarcsarcsarcsarc


35 posted on 09/16/2016 7:22:58 AM PDT by Buckeye McFrog
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To: Ge0ffrey
Sorry if that causes some of your heads to spin.

It doesn't make my head spin...it just causes me to scratch my head.Why not semi retire to Afghanistan? It's safer,cheaper and the weather's better.And you won't develop any of those brain eating parasites that are so common south of the border.

Just sayin'...

36 posted on 09/16/2016 7:23:22 AM PDT by Gay State Conservative (Proud Member Of The "Basket Of Deplorables")
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To: Red Badger

We used to trade dollars for pesos on the ‘unofficial’ market in the early ‘70s. I don’t remember how many pesos per dollar we got, but it was many more than the official exchange rate.


37 posted on 09/16/2016 7:23:33 AM PDT by jjotto ("Ya could look it up!")
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To: Brilliant

You nailed it. Thx


38 posted on 09/16/2016 7:25:12 AM PDT by jcon40
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To: Be Careful

I remember when the Italian Lira exchange rate was so big it required a special field to contain the value.


39 posted on 09/16/2016 7:25:46 AM PDT by NonValueAdded (#DeplorableMe #BitterClinger)
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To: Be Careful

If it keeps falling, Trump will be able to build the wall out of melted pesos.


40 posted on 09/16/2016 7:26:02 AM PDT by LibWhacker
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