Mexican Peso Update

Mexico

Posted by Philip I. Ruffat (07-11-96)
Mexican Peso Update

The Mexican peso continued its sluggish tone today, not breaking the (psychological) 7.605 level and not going over its July 8 (and 1996) high of 7.67-69. We see the situation aggravating due to week-end pressures and a sluggish Bolsa. Cetes remained calm as the market continues to digest Banxico's P$5.1 billion injection of credits yesterday (Wednesday). Look for further weakness in the peso before convincingly crossing the 7.605 area to 7.57-58.

For our more aggressive hedge fund players we are recommending purchase of the back months on weakness and in the expectations that real rates in Mexico have some room to fall further. This will tighten the spreads and correctly price the March '97 and June '97 peso contracts to more realistic levels. We are seeing some activity by some traders in the December 1100 Puts (market today was tight .14 X .19 50-up on either side). This seems fairly valued based on volatility increasing in the later part of the month. Overall,however, we believe the situation in Mexico to be the better of the 3 main Latam countries so we would look for opportunities in the currency.

--Philip Ruffat Sakura Dellsher, Inc.

The information above is not an offer to sell or to buy any securities, options, or commodity/futures contracts. The information above is derived from sources considered to be accurate but Sakura Dellsher, Inc. cannot guarantee accuracy. The information and strategies above are meant for informative purposes only and should be undertaken by institutions or individuals that posses the sufficient knowledge to trade sophisticated instruments. Sakura Dellsher, Inc. reserves the right to change opinions at any time without notice. Past performance is no guarantee of future results. Copyright 1996 Sakura Dellsher, Inc. <PRuffat@aol.com>

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01-12-06 spyder wizard: I just came up on a little over 40 Mexican coins. Just out of curiosity, when was the last year that the $100 peso coin made of gold?

01-11-06 TonyE: Contact your local BANAMEX (Banco Nacional de Mexico) and they should be able to (1) Suggest where or how to exchange your old pesos or (2) They will exchange your old pesos for new pesos or U.S. currency, on the spot.

01-11-06 Lacey: The 1989 2000 peso is worth a whopping 22 cents US Dollars. People are buying it on the internet for less than $3 each. I was excited when I found one too, only to be sadly dissapointed.

11-02-05 GAgirl: I really don't have a reply to this. My son was given an old $10,000 peso bill and a purse full of old peso coins. They are Mexican pesos, and he would like to exchange them for American dollars. Where are some places that I can do this for him? Someone please help. We live in a small town and cannot find a bank that will do this for us.

07-22-05 hillbilly1994: I have a gold looking coin that has 1988, $100, a picture of VCarranza of the front and some type of bird on back with estados unidos mexicanos on it. Can anyone help?

06-01-05 stdjld34: 1893 $10 Mexican peso, is it worth anything?

email: jdegrate@gmail.com

05-18-05 PonyExpressUSA: ** ATTACHMENT TO BELOW POST **
______________________________

P.S.} All the mentioned coin are in very good to excellent condition. Again, Thank you, Angela!

05-18-05 PonyExpressUSA: Hello Everyone...
I have the same boring question thats been asked (maybe asked, anywayz...) before... Value or aprox. value regarding the Mexican Peso. I don't actually mean exchange rates. I mean the actual value of the coins themself from a coin collector. Here's what I have: {*} $20 GULTURA MAYA 1981 A (on front of coin) Is a very large silver coin - ESTADOS UNIDOS MEXICANOS (on backside of coin). {*} $20 1885 - Is a very small thick silver coin. {*} $50 1884 - Is a small thick silver coin. {*} 2= $100 1982 & 1989 - Is a medium size & very thick silver coin. {*} $500 1955 - Is a medium size & very thick silver coin. {*} $5000 1988 CINCUENTENARIO 1938-1988 EXPROPIACION PETROLERA (on front of coin)It is a large size & very thick silver coin. {*} UN PESO 1971 Medium size & thin silver coin.(there is no amount on this coin).

If u know of any/all or where I can go to get any/all value/appraisal information regarding these above coins then please email me at: PonyExpressUSA@gmail.com Thank you for ur time! Angela

05-14-05 deb9911: Sorry, I did not leave my email address. If anyone knows what these are worth please let me know at deb9911@bellsouth.net

05-14-05 deb9911: I have one 1987 silver $500 pesos and three gold $100 pesos pieces (one 1985, one 1988 and one 1989). Can you tell me how much these are worth in US Dollars?

03-07-05 markopolo: Old Mexican pesos can be exchanged at currency exchange centers in Mexico for their equivalent amount in the new currency. ie 2000 pesos old for 2000 pesos new. This according to the Banco de Mexico website. Here's what their site says:

Domestic Currency Exchange Centers have been established in 563 commercial bank offices of 208 locations throughout the country. The operation of the exchange centers is regulated by the rules that were published in the Official Journal of the Federation on January 25, 1996. Any person may attend the exchange centers to ask for the following services:

* Exchange of national banknotes or coins for others of different denomination. * Valuation of damaged banknotes (incomplete, taped, stamped or soiled banknotes). * Exchange of demonetized currency by its equivalent amount with legal tender banknotes or coins.

07-27-04 Fundgold: Dear sirs:

I have a buyer seeking to purchsase 60 Bilion plus Mexican pesos. If you have the seller please communicate ASAP to fundgold2020@yahoo.com We also seek JPY.

Thanks.

04-17-03 Rayzine: I have a Mexican 1000 peso coin from 1988. Does anyone know how much it is worth now? email me please at rayzine@hotmail.com with any inof. thanks.

01-11-03 fabgswimby: my e-mail address is fabgswimby@hotmail.com if you could please send me information on the peso old to new and if the old peso still have validity.

01-11-03 fabgswimby: I have heard several different stories on the cunversion of old pesos. WHat is the real low down on the old to new peso conversion. Is the old peso still valued as a currency or is it obsolite.

12-21-02 vinnessa: i have a 2000 mexican peso from 1989 i am wondering how much it is in U.S. dollars can someone help me out? email me at skylight264@aol.com if you know please---vinnessa

12-21-02 vinnessa: hi i have 2000 mexican pesos does anyone know how much that is in american money???

05-14-01 momof7: Sorry, thought my e-mail address would come up automatically,,,tyler9@wcoil.com

05-14-01 momof7: I have a 1964 Mexican coin that I am wondering the worth of. It is about the size of a silver dollar and says "Un Peso 1964...Estados Unides Mexicanos" on one side and has the picture of what appears to be a Conquistidor on the other. Around the edge is written something like Industria et Libertae.

03-08-00 manya: Investment grade: curse or cure for Mexico?

http://www.bradynet.com/bbs/mexico/...

04-03-99 Nancy: I also have old Mexican Peso. Are they any good??? I am leaving to go there on Friday April 9th, was planning to cash them in. Mine are 5000 peice coins. <nmm1944@yahoo.com>

03-27-99 Al Saldana: Do you know the value of the Mexican peso to the US dollar for Sept, 24, 1981. Also for June 20, 1982???

If so please let me know. Thanks <Quattrek@aol.com>

03-18-99 BUCK JOHNSON: I FEEL THAT THERE ARE MANY PROBLEMS IN TODAYS WORLD, THAT IS WHY WE NEED TO TALK TOGHETHER TO WORK THEM OUT

THANK YOU

03-09-99 tony: mexico sucks

03-07-99 Lou: I'm looking for history (last 2 years) on the peso vs dollar value and any valid future projections in this regard. Cost of living and income data on Mexico City would also be helpful. Thanks Lou <lgray@letip.org>

03-01-99 Debbie Smith: I was in Mexico 4 years ago. The other day, I found Mexican Peso's from 4 years ago. My question, has the peso change in the past 4 years? What is the value today of 5,000 peso's? Thank you! <debbiesmith@cwix.com>

02-28-99 Daniel Menard: I have 70 000 pesos in old Mexican Notes ie.: 1985, 1987. What would I get in C$ or US$ Thank you <dmenard@vif.com>

02-18-99 anonimus: I know your note is quite old and you may already have answers on your questions. I am mexican and i want to tell you that it is completely true that after 1991 our courren cy "changed" president Salinas, ordered to take 3 zeros from normal prices so what was 10,000 pesos are now 10.00 and its value is 1 dollar! We don´t have 500 pesos coins any more 500 pesos are .50 cents now a days which are aobur 5 american cents. So i think that waht you have has no value anymore! sorry <foster@mail.internet.com.mx>

02-15-99 eric mickelson: I have 1400, 1989 mexican pesos, how much is that worth? <ericm@win.bright.net>

02-09-99 Brucen Hills: I need a chart comparing the US dollar to the Peso for Jan 99' and Feb 99'. Where can I get this information? <Bruce.Hills@novellus.com>

02-04-99 Patricia Thomas: I also have mexican money peso and paper money and was told that it was worthless is this true. American money has more value when its old. <Patricia.Thomas2@compaq.com>

01-30-99 sandy: I have a $2000 peso & $5000 peso from 1989, I am curios how much it is worth in canadian denomination. Wether it is old money or new <salon@uniserve.com>

01-27-99 mike: All i would like to know if you could get me a line graph of, the value of the Mexican Peso from 1900 to 1999.

THANK YOU <www.MALIBUCOVE@Aol.com>

01-22-99 Nick: I would like to know what the dollar/Old Mexican Peso (1988 bills) is as of Jan, 21, 1999 <srt123@aol.com>

01-16-99 Yvette Pagano: I would like to know the dollar/Mexican peso exchange as of 1/16/99. <fyjr@msn.com>

12-07-98 Laurie Bedard: Help please. I need to find some good pictures of a peso for a school project. Is there a good web site to visit? <LABedard@aol.com>

12-07-98 Tammy Scott: <emstscott@Bel.Auracom.com>

12-02-98 Betty Mac Kune Karrer: I would like to know what the dollar/Mexican peso exchange is as of November 1998 <b-mac1@nwu.edu.>

11-23-98 Kirkland Brown: I would like to receive more information about the mexican peso, fundamental as well as the technical analysis. <army69@hotmail.com>

11-18-98 Christy: All I want to know is the symbol for the Mexican peso. Can you please help me? it would be greatly appriciated. Thank you so much.

11-17-98 MARTIN KETTENHOFEN: Me gustaria saber cual es el tipo de cambio diario al cierre. Muchas gracias <m_kettenhofen@hotmail.com>

11-11-98 Glenn Schrobilgen: How many Mexico Pesos to the american dollar as of 11-11-98 <patches0@pacbell.net>

11-11-98 Glenn Schrobilgen: Mexico Peso to American Dollar as of 11-11-98 <paches0@pacbell.net>

11-04-98 Santiago Ruiz: I woulkd like to get some information of what has happened to the Mexican Peso for the last 2 months <rsantia@okstate.edu>

11-04-98 haresh hiranandani: i need to know the rate of the mexican peso on a regular basis if you can provide me with such information, your efforts will be highly appreciated

thanks <haresh@innocent.com>

10-30-98 Tanya Mullin: Could you please send me the following information? Why did the Mexican Peso decline so sharply in value? Are there any potential benefits associated with the decline in the peso? Does the decline of the peso have any implications for Canadian business firms? Explain.

10-30-98 Sonya McIllwraith: Could you please e_mail me the following information:

Why did the Mexican peso decline so sharply in value?

Are there any potential benifits associated with the decline in the peso?

Does the decline of the peso have any implications for Canadian business firms? If so please explain.

Please forward the following information to me it would be very appreciated.

Thank you Sonya McIllwraith <aynos33@hotmail.com>

10-30-98 Tanya Mullin: please tell me about the mexican peso.

10-28-98 Monica: I am looking for the Mexican Peso to US Dollars exchange rate for Sept. 27 - Sept. 30. Thanks. <rmpeacock@stic.net>

10-23-98 Mark Edmunds: i have a mexican peso that was made in 1989 how much is it worth? <Liddy@Mindspring.com>

10-18-98 Guillermo Gomez.: ... I thingk NO.. but I'm going to give you a Mexican SITE>.

www.gfnorte.com.mx/bancint <ggomez4@bellsouth.net>

09-28-98 DR Ramon Jimenez: I want to receive more information about the mexican peso,fundamental as well technical analysis (fibonacci,RSI,MA's,MACD,etc).Currently I am graduate professor of International Economics in the National University of Mexico. <kikapoo@internet.com.mx>

09-27-98 Craig Wucherpfennig: I am looking for information on why the peso has declined against the dollar. I also need info on how the peso will do against the dollar in the future. <scw0693@siena.edu>

09-23-98 Claude Viens: Check this adress out and see if you can understand somethin. Please let me know.

http://www.energia.com/folder3/exchange/index.html <viens@netc.net>

09-22-98 Joe Berini: I am looking for a general history of the peso's value to the US Dollar over the last 2 to 3 years. This general history could simply be its value at a specific date every year or the average value for each of the last 3 years. Do you have any recommendations as to where I could find this information?

Thank you!

Joe Berini <jberini@moline.com>

09-10-98 France La Voie : http//www.X.rates.com/htmlgraphs/MXP120.html <franceyrene@sprintmail.com>

09-10-98 France LaVoie: You could find this at http//www.X.rates.com/htmlgraphs/MXP120.html <franceyrene@sprintmail.com>

09-04-98 Gabriel G. Valdés.: Where in the Net. may I follow up minute quotations of the peso-dollar exchange rate? <baregil@jal1.telmex.net.mx>

08-28-98 Thelma Moses: Where would you exchange pesos that are no longer in circulation? Are they of any value at all. My son also has a 10,000 Mexican Peso note, but was told at a bank that it was too old; anything older than 1991 cannot be redeemed according to the banks. Does this mean that this note is totally worthless? <twmoses@equilon.com>

08-27-98 A Kato: Where do I find the latest exchange rate for he Mexican peso vs. the American dollar?

Andrew G. Kato 621 McKinley Ave. Flint, MI 48507-2753 810-743-3099

akato@aol.com August 27, 1998 3:45 PM <akato@aol.com>

08-14-98 Kenny: I just called a local bank to inquire about the worth of a 2000 peso bill that we found. I was told that the Mexican government took that bill out of circulation, and it has been devalued 1000 times. Which means that it is only worth 2 pesos. I looked up the exchange rate, and if it had been 2000 pesos, it would have been $215 or so. However, at this time, it's only worth 22 cents! Aw man - I thought we were gonna be rich!! Hehehe....

http://www.kray257.simplenet.com/

God bless all!

Kenny <kray257@hotmail.com>

07-31-98 Ishmal Valdez: If i had a 2000 peso bill that was made in 1989 how many Amercan dollars is it worth now? <TooShort 5@aol.com>

07-28-98 Landon Switzer: My name is Landon Switzer and I have a 10,000 Mexican Peso note. I found this bill while cleaning some old boxes of my Grandma's who traveled to Mexico often. I also found 1,000 and 500 peso coins and am curious to what they are worth. Any reply would be appreciated, thank you. <Switzfam@foxinternet.net>

06-16-98 Adriana García Cavazos: We are interested in knowing the daily exchange rate between mexican peso/dollar.

Regards,

Adriana García <siaesa@sdm.net.mx>

03-18-98 Hector Padres: Is there a place to see ONLINE the mexican peso rate vs. USD?

thanks <hpadres@cybermex.net>

03-16-98 bill: i have a 1000 peso note. on the top of the note it says: republica dos estados unidos do brasil. also stamped serie 2577a. i was wanting to know how much it was worth. <billbill1@hotmail.com>

02-18-98 Pablo Chim: I would like to know mexican peso exchange rate against dollar in August 1994.

Thanks <Classique@mail.caribe.net.mex>

01-04-98 akihiko kodama: I Need Mexican peso/USD Prices. <kodama@tkb.att.ne.jp>

10-15-96 Kathy McLane: <Kathy_McLane@milliken.com>

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