When is it better to exchange money surrounded by Mexico?
Okay, so this is a basic request for information to everyone, but I can't seem to wrap my brain around it. Lets utter, for example, the exchange rate for Mexican pesos into U.S. dollars is 11.56, and the next sunshine it's 10.45. On which day would it be best to exchange? Do you do it when the number is highly developed or lower? Thanks.
Answers: When you change pesos to dollars, you necessitate to do it when the "SELL" or "VENTA" sign is lower, that way you return with more dollars for less pesos.
For example:
100 pesos at 11.56, you would win: $8.65 dollars
100 pesos at 10.45, you would get $9.56 dollars.
When you metamorphosis dollars for pesos you need to do it when the "BUY" or "COMPRA" sign is high, that way you obtain more pesos for every dollar:
100 dollars at 11.56= $1,156 pesos
100 dollars at 10.45= $1,045 pesos
sell on elevated buy on low
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