• Glenn Wilson
    83
    Qroo Paul: As a retired American living in Mexico, I carefully watch the exchange rate between the U.S. dollar and Mexican peso and I take advantage of significant changes in the rate that will allow me to receive more pesos for the same amount of dollars.

    Just to be clear, I’m not talking about just going to the ATM in Mexico and getting pesos out with my U.S. bank card. Although that’s okay, it won’t really save you a lot of money in the long run.

    What I’m taking about is maintaining bank accounts in both the U.S. and Mexico and only transferring money between them when the exchange rate is to your advantage. The bigger the advantage, the larger the transfer.

    It’s basically like waiting for a big sale before going shopping, but instead of food or clothes, you’re buying money.

    Read the whole post from Qroo Paul at Coronavirus Fear Has Devalued the Mexican Peso and That Means It’s a Good Time to Transfer U.S. Dollars. More #QrooPaul.

    More in the category Finance and Legal.

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