The first time you see a price tag in pesos you may freak out. On the surface, you may feel like the inflation you've been experiencing stateside is much worse until you figure out how to calculate exchange rates. Let's say you want to buy some steak and the menu states 500 pesos. Do you buy the steak or go for something else?
The exchange rate is 18.20 meaning that steak is going to go for $27.47. A quick way to calculate the exchange rate in your head is to divide the 500 pesos by 2 and take off a zero. 500 divided by 2 is 250. Take off the zero and you are at 25 US dollars.
When it comes to time, there is something to consider no matter where you wake up in the world. Every morning when you wake up you are trading time for experiences. If you want to maximize the exchange rate, consider who you are spending time with. For me, when I'm with family and friends, I add a zero and multiply by two for every hour I'm with loved ones. Waking up in a new environment is priceless no matter what the exchange rate happens to be. My hope for you is that you exchange your time for your most important priorities. Have a great day.
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