Peso is at 32.5 now. By my observations and I could be wrong...During the holiday season it was as high as 35 or 36 and the central bank was offering a better rate. During the holiday season the economy needs more dollars in order to purchase product for the holidays...thus exchange rate goes up....and Central Bank needs more money thus rates go up. So if you time it right and exchange your dollars at the right time and lock in a high rate of return you can do very well. On the other hand you would not want to get in when the exchange rate is 30 to 1........and cash out when it is at 35 to 1....you can see that you would not fair so well. That is assuming you intend to exchange your pesos for dollars. On the other hand if you are not going to exchange pesos for dollars...then you may be fine. Not to long ago you got about 21% for 1 year. What is it now?
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