A STRONGER DOLLAR?

Answers to your qestions about moving to, and living in, Peru,
Philipc4u59
Gold Member
Gold Member
Posts: 1195
Joined: Mon May 21, 2012 3:39 pm
Location: Surquillo

A STRONGER DOLLAR?

Postby Philipc4u59 » Wed May 22, 2013 1:36 pm

For those that check the dollar/sole EXCHANGE RATE daily; it is conforting that the dollar is getting STRONGER!
I am curious about what ECONOMIC & TECHNICAL factors are causing this - nice situation.
Is anyone investing thru the Forex or other commodity services; could you share your expeiences?

Thanks in advance,
Philip :roll:


User avatar
chi chi
Gold Member
Gold Member
Posts: 6060
Joined: Tue Dec 06, 2011 5:28 pm
Location: Granada, Andalusia

Re: A STRONGER DOLLAR?

Postby chi chi » Wed May 22, 2013 2:15 pm

If you have dollars left, exchange them quickly.

The dollar goes up then soon afterwards it will go down even further.

The EURO has been going up and down in the last 4 years. But anytime it went up, it went down even more.
falconagain
Gold Member
Gold Member
Posts: 843
Joined: Sat Jul 16, 2011 9:27 pm

Re: A STRONGER DOLLAR?

Postby falconagain » Wed May 22, 2013 2:24 pm

Excess speculation in the US stock market has created another fake rally fueled
by the Quantitative Easing (Using a printer to issue more dollars without value).
But wages are actually falling due to the excess of unemployed people and inflation
is making food prices double or triple. Fortunately before more poor people jumped
into the bandwagon, the dollar started to fall again (as it should be).

The only time that you can have a stronger dollar is by backing it with gold or by
starting to pay the debt with China, and at the same time cutting all federal expenses
(Including retirements, social security and medicare). It is the humane thing to do
otherwise the consequences will be dire.
Philipc4u59
Gold Member
Gold Member
Posts: 1195
Joined: Mon May 21, 2012 3:39 pm
Location: Surquillo

Re: A STRONGER DOLLAR?

Postby Philipc4u59 » Wed May 22, 2013 4:23 pm

I realize the stronger dollar is only TEMPORARY, with all the ENTITLEMENT issues (money drain) of the US.
I have no control over this, even the politicians are afraid to take ACTION - but I can trade the rises & declines of the dollar on the Forex or other exchanges & make GOOD MONEY - just don't know what company to use.

Philip :roll:
PS - former stock broker with Merrill Lynch & others in US (experience in option trading, but not commodities)
User avatar
lyndelld
Gold Member
Gold Member
Posts: 75
Joined: Sun Apr 03, 2011 1:14 am

Re: A STRONGER DOLLAR?

Postby lyndelld » Wed May 22, 2013 6:12 pm

I keep looking and wondering how the dollar can go up. I know it's a temporary thing.
falconagain
Gold Member
Gold Member
Posts: 843
Joined: Sat Jul 16, 2011 9:27 pm

Re: A STRONGER DOLLAR?

Postby falconagain » Thu May 23, 2013 1:07 pm

Philipc4u59 wrote:I realize the stronger dollar is only TEMPORARY, with all the ENTITLEMENT issues (money drain) of the US.
I have no control over this, even the politicians are afraid to take ACTION - but I can trade the rises & declines of the dollar on the Forex or other exchanges & make GOOD MONEY - just don't know what company to use.

Philip :roll:
PS - former stock broker with Merrill Lynch & others in US (experience in option trading, but not commodities)


It is true that there is plenty of opportunities to make money if you are not compromised by the system.
Trading can be profitable but risky. I prefer collectibles purchasing. There is plenty of products that are
being sold now that in five years will increase 10 to 20 in real value (100 times at least in paper money).
Philipc4u59
Gold Member
Gold Member
Posts: 1195
Joined: Mon May 21, 2012 3:39 pm
Location: Surquillo

Re: A STRONGER DOLLAR?

Postby Philipc4u59 » Thu May 23, 2013 1:14 pm

I would be INTERESTED in any ideas you have - on collectables.
You may be aware that I own - WORLD-WIDE TREASURES, SA (buying & selling antiques & vintage pieces).
Maybe we can get together to share a beer & chat?

Best wishes for a profitable future,
Philip :roll:
richorozco
Gold Member
Gold Member
Posts: 90
Joined: Sun Sep 09, 2012 11:18 am

Re: A STRONGER DOLLAR?

Postby richorozco » Thu May 23, 2013 1:58 pm

Well....in the past month, the DOW/NASDAQ have gone up...a lot!!! Big money pulled money out of gold (at 1700) and popped it into stocks. The DOW went above 14k and 15k in a few weeks, and GOLD dropped to 1350.

If you think that Gold will go lower, say 1100, then you are indirectly saying that the DOW can go to 17k. It can, but as stated earlier ....the market is not based on sales, earnigns, growth, etc....it is all manipulation.

Because the dollar is backed by less gold and , as stated earlier, we are printing more money .... As Gold drops, the dollar is getting stronger (imagine that).

Gotta love the stock market and shorting stocks when it is at a high.

P.S. Follow the big money and you will neevr lose. If you think Gold will rocket up from 1350, then buy NEM - Newmont Mining, the American company that has/had been mining in Cajamarca for a while.
jorgeo
Member
Member
Posts: 6
Joined: Fri May 24, 2013 3:04 pm

Re: A STRONGER DOLLAR?

Postby jorgeo » Fri May 24, 2013 3:08 pm

Another source of fluctuation is local demand for soles and dollars. My sister used to work for the reserve bank, posting exchange rates for dollars every day. She says the worst times to exchange dollars would be on the 15th and last day of each month, in which all local companies demand soles to pay their employees.

Of course, this is secondary to world market fluctuations but something to keep an eye on.
Roger in the US
Gold Member
Gold Member
Posts: 72
Joined: Sun Nov 06, 2011 10:58 pm

Re: A STRONGER DOLLAR?

Postby Roger in the US » Fri May 31, 2013 1:37 pm

I hope this guy is right. I have been on the doom and gloom bandwagon about the US dollar for 20 years.



http://www.businessinsider.com/hyperinf ... yes-2013-3
taterbabies
Silver Member
Silver Member
Posts: 22
Joined: Fri May 03, 2013 6:51 pm

Re: A STRONGER DOLLAR?

Postby taterbabies » Fri May 31, 2013 8:00 pm

just spend all of your dollars AND soles as they will BOTH be worthless soon!!!!


duh
duh
duuuuuuuhhhhhhhhh
Sergio Bernales
Gold Member
Gold Member
Posts: 925
Joined: Fri May 25, 2012 4:41 pm

Re: A STRONGER DOLLAR?

Postby Sergio Bernales » Fri May 31, 2013 9:15 pm

Expect a slowly rising dollar for the next six to nine months. Unless unemployment rises, or there's some dismal economic news, the dollar will continue to rise as the US government quietly ends it's policy of quantitative easing. The yield on treasuries will then rise as investors seek safer havens with higher yields - for a long time the Fed has been worried about too many investors desperate for income investing in CCC bonds, commonly known as junk bonds. And so to avoid another financial crash the Fed will try to slowly increasing interest rates and attract investors back to the dollar. There is also a slowdown in Chinese growth which is expected to continue due to weak demand in the Eurozone and other parts of the world. Peru will be affected as China is one of its biggest trading partners - don't expect any disasters in China, though, as their government's got a lot of cash to throw at any problems - but as China's growth slows, it will import less raw materials and commodities (which countries like Peru, Chile and Brazil specialise in).
User avatar
chi chi
Gold Member
Gold Member
Posts: 6060
Joined: Tue Dec 06, 2011 5:28 pm
Location: Granada, Andalusia

Re: A STRONGER DOLLAR?

Postby chi chi » Sat Jun 01, 2013 9:43 am

The EURO is going up a lot too. But just like the dollar, it will the temporary.
Philipc4u59
Gold Member
Gold Member
Posts: 1195
Joined: Mon May 21, 2012 3:39 pm
Location: Surquillo

Re: A STRONGER DOLLAR?

Postby Philipc4u59 » Sat Jun 01, 2013 6:26 pm

If the DOLLAR becomes worthless, the entire WORLD (not just Peru) is in SERIOUS TROUBLE!!!

As a few months ago; what do you WANT TO BET on your comments or more specifically WHAT DO YOU WANT TO LOSE - as lose you will betting the dollar will be "worthless" (not just because I am an American).

Please have the courtesy to label your comments as UNINFORMED or a JOKE - in the future...

Disappointed is such wasted space on this site,
Philip :roll:
PS - appreciated Sergio's comments; they are the product of an informed/intelligent poster & thanks
taterbabies
Silver Member
Silver Member
Posts: 22
Joined: Fri May 03, 2013 6:51 pm

Re: A STRONGER DOLLAR?

Postby taterbabies » Sun Jun 02, 2013 12:45 am

haha talk about self righteous indignation.......

if you didn't take my post as a joke and furthermore feel the need to go on the little diatribe you did there is something seriously wrong with you....

sorry to see someone with absolutely no sense of humor posting on this site.......
User avatar
chi chi
Gold Member
Gold Member
Posts: 6060
Joined: Tue Dec 06, 2011 5:28 pm
Location: Granada, Andalusia

Re: A STRONGER DOLLAR?

Postby chi chi » Sun Jun 02, 2013 10:44 am

The best thing is to have bankaccount in different currencies.

I have an account with Interbank in EUROS and in Soles.

When the Euro goes up, I withdraw from my Euro account. When the EURO goes down, I withdraw from my soles account.
I always have a few dollares laying around too. Handy in case, I travel to the US or like last week, to Ecuador.
Sergio Bernales
Gold Member
Gold Member
Posts: 925
Joined: Fri May 25, 2012 4:41 pm

Re: A STRONGER DOLLAR?

Postby Sergio Bernales » Sun Jun 02, 2013 11:44 am

chi chi wrote:The best thing is to have bankaccount in different currencies.

I have an account with Interbank in EUROS and in Soles.

When the Euro goes up, I withdraw from my Euro account. When the EURO goes down, I withdraw from my soles account.
I always have a few dollares laying around too. Handy in case, I travel to the US or like last week, to Ecuador.


I'm with you on this, Chi Chi, but the problem I face is source of income, which is in sterling or dollars and then the charges for transferring to a Peruvian bank account, or withdrawing from a foreign bank account at the ATM. Do you know a way to get round international bank charges?
Philipc4u59
Gold Member
Gold Member
Posts: 1195
Joined: Mon May 21, 2012 3:39 pm
Location: Surquillo

Re: A STRONGER DOLLAR?

Postby Philipc4u59 » Sun Jun 02, 2013 9:53 pm

People rely upon this site for INFORMATION; correct information!!!
Admit that you got CAUGHT - "flapping your gums" w/o any IN FO - to make such outrageous statements.
When you have 835 posts in a year; then you can possibly make generalizations about me!!!

Philip :roll:
PS - if this is you idea of a JOKE; better not quit your day-job...
vivaperusurf
Gold Member
Gold Member
Posts: 108
Joined: Thu Mar 14, 2013 12:56 am

Re: A STRONGER DOLLAR?

Postby vivaperusurf » Mon Jun 03, 2013 12:49 am

As a dollar holder/earner :mrgreen: I am sort of pleased to see this. The steady decline was bringing me sadness, well I hope this continues for a while, but I wont be holding my breath. :mrgreen:

Looking at a recent graph of the dollar vs sol seems back in 2009 there was a big spike. For those of you who are financial types and have some history in Peru, may I ask if you know what caused the spike back then, and how conditions differ from then to now?
User avatar
chi chi
Gold Member
Gold Member
Posts: 6060
Joined: Tue Dec 06, 2011 5:28 pm
Location: Granada, Andalusia

Re: A STRONGER DOLLAR?

Postby chi chi » Mon Jun 03, 2013 7:31 am

Sergio Bernales wrote:I'm with you on this, Chi Chi, but the problem I face is source of income, which is in sterling or dollars and then the charges for transferring to a Peruvian bank account, or withdrawing from a foreign bank account at the ATM. Do you know a way to get round international bank charges?


Getting around the bank charges is tough but you can get around the ripp off exchange rates when transferring internationally.

When I transfer from my EURO account in Europe, I transfer the money directly to my EURO account with INTERBANK. The bank in Europe charges me 15 EUROS for an amount up to 5000 EUROS. INTERBANK charges me $25 for the incoming transfer. As the money goes from EURO to EURO account, then bank can't charge me a ripp off exchange rate.

When I need to exchange money from EURO to Soles, I withdraw the EUROS in cash and exchange them at an officina de cambio that gives me the best rate. But still, mostly I exchange it a INTERBANK because as an INTERBANK customer, I get a preferential exchange rate and for higher amount, the rate is negotiable.
Alpineprince
Gold Member
Gold Member
Posts: 1515
Joined: Mon Nov 03, 2008 8:12 pm
Location: "Miraflores State of Mind"

Re: A STRONGER DOLLAR?

Postby Alpineprince » Mon Jun 03, 2013 12:04 pm

vivaperusurf wrote:Looking at a recent graph of the dollar vs sol seems back in 2009 there was a big spike. For those of you who are financial types and have some history in Peru, may I ask if you know what caused the spike back then, and how conditions differ from then to now?

That coincided with the "great recession" and stock market collapse which ended in March of 2009 and due to worldwide fear a rush to the Dollar which is viewed as the world's safest currency.

This time I suspect it was as a result of copper prices (-16% YTD) combined with what is seen as a possible/probable slowdown in the local economy.
Philipc4u59
Gold Member
Gold Member
Posts: 1195
Joined: Mon May 21, 2012 3:39 pm
Location: Surquillo

Re: A STRONGER DOLLAR?

Postby Philipc4u59 » Mon Jun 03, 2013 1:19 pm

Good observations - THANKS!

Philip :roll:
goalie3443
Gold Member
Gold Member
Posts: 85
Joined: Thu Jun 10, 2010 5:21 pm
Location: Lima
Contact:

Re: A STRONGER DOLLAR?

Postby goalie3443 » Sun Jun 09, 2013 9:20 pm

Alpineprince wrote:
vivaperusurf wrote:Looking at a recent graph of the dollar vs sol seems back in 2009 there was a big spike. For those of you who are financial types and have some history in Peru, may I ask if you know what caused the spike back then, and how conditions differ from then to now?

That coincided with the "great recession" and stock market collapse which ended in March of 2009 and due to worldwide fear a rush to the Dollar which is viewed as the world's safest currency.

This time I suspect it was as a result of copper prices (-16% YTD) combined with what is seen as a possible/probable slowdown in the local economy.


I like this post,

I too believe the US currency has room to move up against the Nuevo Sole.
Jeffe

http://mochilerosperu.wordpress.com
Peru Budget Travel and Review Blog
User avatar
sbaustin
Gold Member
Gold Member
Posts: 2057
Joined: Sun Sep 10, 2006 1:46 pm
Location: Peru
Contact:

Re: A STRONGER DOLLAR?

Postby sbaustin » Mon Jun 10, 2013 11:03 am

A nice little 3 year chart of the sol vs dollar:

Image

http://www.wolframalpha.com/share/clip? ... r9dvi4of7e
User avatar
ariel
Gold Member
Gold Member
Posts: 158
Joined: Sat Jul 28, 2012 10:27 am
Location: lima

Re: A STRONGER DOLLAR?

Postby ariel » Mon Jun 10, 2013 2:02 pm

sbaustin wrote:A nice little 3 year chart of the sol vs dollar:

Image

http://www.wolframalpha.com/share/clip? ... r9dvi4of7e


Great site. Thanks for the link.

Here's what I got from http://www.xe.com/currencycharts/?from=USD&to=PEN&view=2Y
over a 2-yr period:

Untitled.jpg
Untitled.jpg (19.69 KiB) Viewed 6808 times


Same very good-looking spike at the end. Hope it maintains its trajectory. :)

Interbank wanted to buy my $$ today for 2.65. Guy right outside offered me 2.70. Settled for 2.705. I know there are better deals out there but this one was good enough for me.
User avatar
sbaustin
Gold Member
Gold Member
Posts: 2057
Joined: Sun Sep 10, 2006 1:46 pm
Location: Peru
Contact:

Re: A STRONGER DOLLAR?

Postby sbaustin » Mon Jun 10, 2013 2:42 pm

ariel wrote:Great site. Thanks for the link.



Wolfram Alpha is awesome for anything that can be computed. You'd be surprised what you can ask it.
User avatar
ariel
Gold Member
Gold Member
Posts: 158
Joined: Sat Jul 28, 2012 10:27 am
Location: lima

Re: A STRONGER DOLLAR?

Postby ariel » Mon Jun 10, 2013 2:47 pm

sbaustin wrote:
ariel wrote:Great site. Thanks for the link.



Wolfram Alpha is awesome for anything that can be computed. You'd be surprised what you can ask it.


I can attest to that. I've had the app version for years now and it has worked wonders as long as there's wifi. I just never had the chance to check the website til now.
User avatar
sbaustin
Gold Member
Gold Member
Posts: 2057
Joined: Sun Sep 10, 2006 1:46 pm
Location: Peru
Contact:

Re: A STRONGER DOLLAR?

Postby sbaustin » Mon Jun 10, 2013 3:36 pm

Alpineprince
Gold Member
Gold Member
Posts: 1515
Joined: Mon Nov 03, 2008 8:12 pm
Location: "Miraflores State of Mind"

Re: A STRONGER DOLLAR?

Postby Alpineprince » Mon Jun 10, 2013 9:39 pm

The street rate this afternoon is 2,72,which will be the rate tomorrow morning. I am waiting till tomorrow or wednesday to get what I hope to be a better rate (closer to the 2,756), If I expect the rate to go up I always trade in the afternoon to get the best rate of the day and only buy the Sol on Tuesday thru Thursday, unless it is rising,
vivaperusurf
Gold Member
Gold Member
Posts: 108
Joined: Thu Mar 14, 2013 12:56 am

Re: A STRONGER DOLLAR?

Postby vivaperusurf » Tue Jun 11, 2013 12:53 am

Well I hate to celebrate the misfortune of others but I guess I should say thanks to China :D

Anyone want to make a friendly bet that it will go up more?

Honestly i am no financial whiz and just trying to gain a good understanding of the currencies market, so this is interesting to me, seeing the changes and what is going on.

Im curious how the us printing so much new money will eventually effect things? Anyone care to explain or adivinar? :D
User avatar
crazytacoperu.com
Gold Member
Gold Member
Posts: 146
Joined: Sat Dec 10, 2011 11:32 am
Location: Miraflores

Re: A STRONGER DOLLAR?

Postby crazytacoperu.com » Sat Jun 15, 2013 6:16 am

I am posting this on the 15th, yesterday my cambista gave me 2.72 but said no more. After the 14th it would be 2.70 because on the 15th soles are in demand (for payroll as stated above I guess). But by the 20th it should start rising again. He tells me this every month, so it seems to be. I am holding out for 2.80.

Hoping it gets to $3, my cambista told me to expect that by the end of the year if not sooner. Hope he's right.
I thought the dollar exchange rate was more tied to the US Economy than China's. But I would sure like to to be better informed.
..A Peruvian once asked me:what's the difference between special and abnormal?.....well my answer was : Lady Gaga and Miley Cyrus..
Philipc4u59
Gold Member
Gold Member
Posts: 1195
Joined: Mon May 21, 2012 3:39 pm
Location: Surquillo

Re: A STRONGER DOLLAR?

Postby Philipc4u59 » Mon Jun 17, 2013 8:53 am

So much for the poster that said the "dollar & euro will be worthless..."; don't bet against the USA!!!

Philip :roll:
PS - An exchange rate of 3 soles per dollar - would be FANTASTIC!!!
london
Gold Member
Gold Member
Posts: 59
Joined: Wed Sep 07, 2011 1:13 pm
Location: LIMA

Re: A STRONGER DOLLAR?

Postby london » Mon Jun 17, 2013 10:15 am

If we have many people that want to trade USD for PEN and PEN for USD, then perhaps we could consider having an ExpatPeru Forex Co Operative ?
Perhaps we can exclude the middle person, and exchange at mutually favourable rates ?
User avatar
sbaustin
Gold Member
Gold Member
Posts: 2057
Joined: Sun Sep 10, 2006 1:46 pm
Location: Peru
Contact:

Re: A STRONGER DOLLAR?

Postby sbaustin » Mon Jun 17, 2013 10:28 am

crazytacoperu.com wrote:I am posting this on the 15th, yesterday my cambista gave me 2.72 but said no more. After the 14th it would be 2.70 because on the 15th soles are in demand (for payroll as stated above I guess). But by the 20th it should start rising again. He tells me this every month, so it seems to be. I am holding out for 2.80.

Hoping it gets to $3, my cambista told me to expect that by the end of the year if not sooner. Hope he's right.
I thought the dollar exchange rate was more tied to the US Economy than China's. But I would sure like to to be better informed.


If you get a chance find out if what he said is true and see if you can get 2.72.

For anyone, what is the maximum amount you'd exchange on the street?
falconagain
Gold Member
Gold Member
Posts: 843
Joined: Sat Jul 16, 2011 9:27 pm

Re: A STRONGER DOLLAR?

Postby falconagain » Mon Jun 17, 2013 2:02 pm

It is natural for a currency on QE to have certain amount of rallys increasing in value.
It is simply the way of the economy to maximize the number of fools that end up under
the bridge. If the dollar would be really improving you would see Oil at less than $40 dollar
a barrel and you would see gold and silver going down to 300$ per lb. That cannot happen,
It is not betting against the US. It is betting against idiots. Idiots will always drive the bus
towards the cliff it is on their nature (genetics), that cannot be fixed. And that is the whole
purpose of the economic crisis.
Philipc4u59
Gold Member
Gold Member
Posts: 1195
Joined: Mon May 21, 2012 3:39 pm
Location: Surquillo

Re: A STRONGER DOLLAR?

Postby Philipc4u59 » Tue Jun 18, 2013 8:54 am

These ideas would make an interesting BOOK; are you planning on same?

Philip :roll:
falconagain
Gold Member
Gold Member
Posts: 843
Joined: Sat Jul 16, 2011 9:27 pm

Re: A STRONGER DOLLAR?

Postby falconagain » Tue Jun 18, 2013 3:48 pm

Simple Answer

American National Debt

16,741,117,126,001.50

How much has been paid so far: $0.00

What happens when somebody does not make any payments on its debt

Bankruptcy.

See you asking for money under a bridge.
Philipc4u59
Gold Member
Gold Member
Posts: 1195
Joined: Mon May 21, 2012 3:39 pm
Location: Surquillo

Re: A STRONGER DOLLAR?

Postby Philipc4u59 » Tue Jun 18, 2013 4:34 pm

Yes, I am not comfortable with the national debt; but DON'T BET AGAINST THE USA!
I have read about FISCAL PLANS, that would have "my country" debt free in 10 years or less.
It is a matter of:

1. Decrease the entitlements (too generous & too many government programs)
2. Increase taxation, while creating new jobs that add more taxes to the coffers
3. Stop defending the entire WORLD; the US needs to defend it's own people from hunger, foreclosures, etc.

The actual solution is much more complex; this is just what I subscribe to.

Philip :roll:
falconagain
Gold Member
Gold Member
Posts: 843
Joined: Sat Jul 16, 2011 9:27 pm

Re: A STRONGER DOLLAR?

Postby falconagain » Tue Jun 18, 2013 9:05 pm

Philipc4u59 wrote:Yes, I am not comfortable with the national debt; but DON'T BET AGAINST THE USA!
I have read about FISCAL PLANS, that would have "my country" debt free in 10 years or less.
It is a matter of:

1. Decrease the entitlements (too generous & too many government programs)
2. Increase taxation, while creating new jobs that add more taxes to the coffers
3. Stop defending the entire WORLD; the US needs to defend it's own people from hunger, foreclosures, etc.

The actual solution is much more complex; this is just what I subscribe to.

Philip :roll:


You are asking too much from your own country. Things have already gone beyond that point.
The people in charge are just pushing the accelerator towards the cliff.
Philipc4u59
Gold Member
Gold Member
Posts: 1195
Joined: Mon May 21, 2012 3:39 pm
Location: Surquillo

Re: A STRONGER DOLLAR?

Postby Philipc4u59 » Wed Jun 19, 2013 10:03 am

I agree, the US allowed a few politicians to use quite UNSOUND FISCAL POCILY - for their own interests!
Millions on bridges to nowhere (Alaska); huge defense budgets (who owns defense company stock), etc.
Unfortunately, this is a price a country pays for allowing these actions, w/o sufficient checks & balances.

Falconagain, what is your "home" country; how have they escaped the "sins" of the US?

Philip :roll:
Jessietoo
Silver Member
Silver Member
Posts: 26
Joined: Sun Dec 04, 2011 4:30 am

Re: A STRONGER DOLLAR?

Postby Jessietoo » Wed Jun 19, 2013 5:29 pm

I would be interested in a private exchange. if anyone would like to. I would like to exchange a substantial amount of soles for dollars. I would be happy to give a favorable exchange rate. If you are interested in a private exchange please contact me. To save myself time, I am only interested in exchanges of substantial amounts.
I have been here in Peru for 2 years, I am paid in soles, and I have my bank accounts in soles. Now I am returning to the US and I would like to exchange the soles for dollars.

Please PM me for more information.
User avatar
crazytacoperu.com
Gold Member
Gold Member
Posts: 146
Joined: Sat Dec 10, 2011 11:32 am
Location: Miraflores

Dollar keeps rising to 2.78

Postby crazytacoperu.com » Thu Jun 27, 2013 5:29 pm

Well the dollar is definately rising, I got 2.78 on Thurs June 27, that afternoon it went back down to 2.77. But the cambista said it would go back down for the holiday on June 28 (I have no idea what the holiday is, and nobody can explain it to me).

so 2.80 will probably not happen until 3rd or 4th of July.

I heard the Peruvian bank is purposely keeping it from rising too fast, is this possible?
..A Peruvian once asked me:what's the difference between special and abnormal?.....well my answer was : Lady Gaga and Miley Cyrus..
Alpineprince
Gold Member
Gold Member
Posts: 1515
Joined: Mon Nov 03, 2008 8:12 pm
Location: "Miraflores State of Mind"

Re: A STRONGER DOLLAR?

Postby Alpineprince » Thu Jun 27, 2013 10:17 pm

I also got 2.78 in the morning and afternoon. The holiday I believe is "Saint Rose of Lima".
panman
Gold Member
Gold Member
Posts: 900
Joined: Mon Oct 29, 2012 12:05 pm

Re: A STRONGER DOLLAR?

Postby panman » Thu Jun 27, 2013 11:34 pm

Alpineprince wrote:The holiday I believe is "Saint Rose of Lima".


I think you'll find the holiday is St Peter's/Paul's day.
St Rosa's day is on 30th August.
User avatar
sbaustin
Gold Member
Gold Member
Posts: 2057
Joined: Sun Sep 10, 2006 1:46 pm
Location: Peru
Contact:

Re: A STRONGER DOLLAR?

Postby sbaustin » Fri Jun 28, 2013 8:15 am

It is only a holiday in the public sector, in spanish it is "el dia san pedro y san pablo" and how nice it is when there is no traffic.
Alpineprince
Gold Member
Gold Member
Posts: 1515
Joined: Mon Nov 03, 2008 8:12 pm
Location: "Miraflores State of Mind"

Re: A STRONGER DOLLAR?

Postby Alpineprince » Fri Jun 28, 2013 10:12 am

panman wrote:
Alpineprince wrote:The holiday I believe is "Saint Rose of Lima".


I think you'll find the holiday is St Peter's/Paul's day.
St Rosa's day is on 30th August.

I always confuse her with my Ex girlfriend, Rose from Lima,Ohio!
ironchefchris
Gold Member
Gold Member
Posts: 1642
Joined: Sun Oct 14, 2012 11:10 pm
Location: Arequipa

Re: A STRONGER DOLLAR?

Postby ironchefchris » Fri Jun 28, 2013 10:19 am

I saw a sign at a local cevicheria saying the 28'th is national ceviche day. If its not a national holiday then it should be. I myself will be celebrating all day.
User avatar
ariel
Gold Member
Gold Member
Posts: 158
Joined: Sat Jul 28, 2012 10:27 am
Location: lima

Re: A STRONGER DOLLAR?

Postby ariel » Fri Jun 28, 2013 10:55 am

National Ceviche Day when it's winter isn't the greatest idea, is it? But hey, we're talking about ceviche here so that can be forgiven. And with the current exchange rates, there's more value for money ceviche-wise. :D

Return to “Expat Information”

cron

Login  •  Register