$1,200 @ 19.75 = $23,700
$1,200 @ 19.20 = $23,040
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I got 19.8665 from Banamex for the Social Security transfer on the 3rd.
I don't know why the gov didn't transfer it bank to bank when I already have SS set up. Very good chance nobody knows that reason, except the people who profited by it being done that way.
The exchange rate was apox 22.0 when I got the letter in August? saying "Your Stimulus is here!" Call it $27,000 pesos which means $4,000 pesos disappeared since then. Hmmmmmm, that finger #### was so smooth I would have never known.
There is no date on the envelope but it looks like the check was made on May 1, 2020. The exchange rate then was around 23.5 or apox $28,000 pesos. Now we are in the two fingers range of $5,000 pesos difference. I wonder why the check was delayed in the mail?
I am not really complaining, just pointing out how banks work. In this situation with COVID jerking the exchange rate around 50 points in one month I can understand the powers that be delaying the check. The exchange rate is still above where it was pre COVID so all is well in the land of the grateful.
P.S. Probably best to cash the check soon, the US dollar is weakening, we could be going back to an exchange rate of 18 sometime soon.
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