Posted by Mark S on January 10, 2016, 3:25 pm, in reply to "Re: Exchange Rates for Cash"
189.164.114.38
The problem with pesos is, that with the unstable exchange rate, the rate you accept in September may be seriously devalued thereafter. I loaned a gentlemen some pesos in April and am being repaid about 80 cents on the dollar. C'est la vie.
As the U.S. dollar is the most stable currency, at least in the western hemishphere (but actually in the world) it only makes sense to rent in U.S. dollars.
I feel sorry for my Canadian friends for the state of their currency, and hope it improves.
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