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Mexico
I heard that $100 in the United States is $1000ish in paso's in Mexico. So, could you go to mexico to buy a new car and then come back to the states, or would you have to pay a fee for your car when going over the border.
or something, i am confused about it.
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Now I don't know the exact exchange rate, but you'r not going to find a car in Mexico for only 1000 pescos (sp?).
Exchange rates help you know how much you're spending in USD. That way, when you see a number as insane to Americans as 1,000,000 pescos, you would know that (using your conversion example), you'd really only be spending $100,000 on the car rather than 1,000,000 USD.
Now, I don't know the exact exchange rate (but that information can be easily found if you use google), but I hope this makes a little more sense.
You're still paying the same amount of money, it just looks like you're paying more when you go there. (It also looks like you're getting more when you bring your USD to Mexico to exchange them to pescos).
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