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Results 14,491 to 14,505 of 24404
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12-29-14 10:21 #9914
Posts: 763Originally Posted by ScatManDoo [View Original Post]
"A side benefit, if they choose to, is that HK can then take these dollars they got at 13:1 and make a bundle on the spread. ".
First of all, there is ONE and ONLY ONE way you can make a profit off the spread. And that is if YOU ARE THE ONE OFFERING THE SPREAD. The spread is defined as the amount between the buy and sell prices. HK does not offer a spread. Therefore, it is impossible for them to make a profit on it. Casa de cambios have a spread. Banks offer a spread. HK does not offer a spread.
HK does not get dollars at 13:1. They get pesos at 13:1. And they are LOSING a TON of money because they are not adjusting their tipo to cambio to market conditions. HK is a dollar based business. Might as well be USA Based. Their prices are dollar based and do not fluctuate. Their prices in pesos fluctuate although very rarely. So if their TdC is now 13/1, then they receive $52 mn for a beer. If they adjusted their TdC to market rates, say 14.5/1, then they would charge $58 mn. They are LOSING $6 mn for every beer they sell for pesos because their finance team doesn't know what they are doing.
Dollars in Mexican border towns are always worth less than in the rest of the world because of the dumping of drug profits. If a dollar is trading at 14.5 pesos interbank, it will trade around 14 at casa de cambios in border towns. This is due to the fact that it is illegal for a Mexican business to accept more than $100 dls in a transaction unless it is within 75 miles of the USA Border. Dollars are harder to spend in Michoacáand, Sinaloa, Guerrero, Zacatecas, than it is in Tijuana. Therefore, the cartels do not want dollars and dump them for less than market value at the border towns. That's why you see international spot rates outside the casa de cambio spread.
If HK was smart they would do the opposite of what they're doing now and charge in pesos and float the dollar. They could make millions in extra profit over the course of a few years because of the permanent arbitrage situation that exists in Tijuana.
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12-29-14 08:43 #9913
Posts: 3875Originally Posted by Exoticspirit [View Original Post]
Food.
Shop.
Smoke A Cigar.
Go On Internet.
Have a drink and people watch (outside).
Go to Plaza Rio and have a frozen yogurt.
Get a shoe shine.
See a movie at the VIP cinema.
Get a massage.
Get a Haircut.
Go to the beach
Go to a Xolos (local soccer team) game.
Just a few ideas. Things are cheaper in Tijuana which opens up a lot of doors.
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12-29-14 01:24 #9912
Posts: 870Tijuana Between Sessions?
I am thinking about returning to Tijuana but instead of the quick afternoon visit I did last time, I would stay for maybe two nights at Hotel Cascadas, unless any of you gents think it's better to stay across the street over at Hotel Rizo De Oro instead.
But I'm wondering what the heck should I do there in between sessions with the girls. For you who usually stay in Tijuana for a few nights, what do you usually do with your time there when in between sessions?
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12-27-14 22:09 #9911
Posts: 57Sun or Mon night
Heading down this Sun or Mon if anyone wants to go or meet up. I'm very familiar but not a regular anymore since I moved out of SD. I love coming back to visit though, LOL. I speak Spanish very well also.
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12-26-14 21:03 #9910
Posts: 7Heading Down Friday Night (26th)
I'm heading down tonight (Friday the 26th) with a buddy that hasn't been down there in years. I've been going fairly frequently for the past year or two. If any of you guys want to meet up, drop me a note. I usually either hang at HK or Adelitas. Say hey if you see me.
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12-26-14 05:05 #9909
Posts: 536Feliz Navidad
FELIZ NAVIDAD fellow mongers. Enjoy the beautiful gifts of Tijuana.
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12-25-14 21:54 #9908
Posts: 558I'm here now.
Originally Posted by Exoticspirit [View Original Post]
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12-25-14 21:51 #9907
Posts: 558Not all are open but some
Originally Posted by Jackie888 [View Original Post]
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12-25-14 05:47 #9906
Posts: 1Newbie looking for a group to monger with.
Will be staying in San Diego Friday for a week. Looking to meet up with a couple guys to show me around Tijuana of where to go and the ropes. That or any tips going alone.
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12-25-14 02:45 #9905
Posts: 41Originally Posted by Jackie888 [View Original Post]
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12-25-14 01:56 #9904
Posts: 2431Originally Posted by SBeach25 [View Original Post]
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12-25-14 01:49 #9903
Posts: 870Originally Posted by SBeach25 [View Original Post]
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12-25-14 01:34 #9902
Posts: 49Happy Holidays!
I guess you guys saw the emailed ads offering half-price Penthouse suites at the Hong Kong Club's hotel. Wish I could have taken advantage of that offer. I hope to visit San Diego and Tijuana later in 2015 if I can break away from my responsibilities for 5 days.
Merry Christmas and Happy Hanukkah!
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12-24-14 22:18 #9901
Posts: 558It happens more frequently during Christmas.
Originally Posted by Exoticspirit [View Original Post]
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12-24-14 22:04 #9900
Posts: 558Places to eat
Anyone know if some street carts or places that will be open tomorrow? I'm planning on staying overnight but need to eat. I've been there on Christmas before a couple of years ago but don't remember seeing any street vendors. Guess my dick was more important than my appetite.