20 to 1 Gone

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Dave Dillehay

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Peso has been coming back and today I saw a offer of 17.5 to 1 at San Jorge Change store. The drop seems to be continuing so if you got a bunch of pesos at 20 you made out.

Dave Dillehay
Aldora Divers
 
A remarkable turn-around considering nothing politically warrants it...

Yeah, kind of puzzling, really. I would have expected that the Fed's 0.25% rate hike on March 15 would have turned it around - higher interest rates should have strengthened the dollar (higher returns on American debt makes investment in American assets more attractive, increasing demand for dollars).
 
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https://www.shearwater.com/products/peregrine/

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