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To: 1rudeboy
Has the (MEX) peso ever been less than or equal to one (US) cent, pre or post Mexican currency crisis?

Pre crisis, they were around 3 to the dollar. Now 11, never 100.

45 posted on 09/19/2007 10:47:27 AM PDT by Toddsterpatriot (Ignorance of the laws of economics is no excuse.)
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To: Toddsterpatriot
Has the (MEX) peso ever been less than or equal to one (US) cent, pre or post Mexican currency crisis?

Pre crisis, they were around 3 to the dollar. Now 11, never 100.

Sorry, but the Mexican peso had three zeros (!!) dropped from it in 1993. Thus today's 1 peso was 1992's 1000 peso note. Thus the 3 peso to the dollar exchange would mean (in old pesos) 3000 to the dollar, or approximately 30 pesos to the penny. Of course they have centavos back then too. 1/100'th of a Peso, the Mexican penny! (Today the 5 centavo is the smallest coin in circulation)

At the old rate a centavo would be worth 1/3000th of a cent!

47 posted on 09/19/2007 1:02:00 PM PDT by Jack Black
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