93 F
Monday, August 2, 2021

Prospect of a Biden win weakens dollar in Mexico

Recent headlines

New permit allows restaurants in Yucatán to stay open longer

Yucatán's state government has announced that restaurants will now be allowed to remain for one hour longer, until 11 pm.

Will Yucatán’s love for cheese beat out its fear of COVID-19?

Event organizers have been quick to point out that they will be following all sanitary protocols, to protect vendors and patrons from COVID-19. 

Looking to buy ceramics? Look no further than Ticul

When entering the town on the road from the nearby town of Muna, you will notice a string of several shops ceiling ceramic crafts, plates, ornaments, and pots. 
Yucatán Magazine
Sign up for the Yucatán Roundup, a free newsletter, which delivers the week's top headlines every Monday.

A U.S. dollar only gets you 20.80 Mexican pesos.

Mexico’s currency strengthened Thursday to an eight-month high against a weakening dollar as Democratic candidate Joe Biden maintained a narrow lead in the U.S. presidential election.

The peso has been rising for three days because a Biden victory was seen as positive for the currency,
which has suffered from President Trump’s hard-line trade policies, analysts said.

“The U.S. presidential election race is getting closer to calling it for Biden, but a drawn-out election fight with recounts and legal disputes could mean final results won’t happen until early December,” Edward Moya, senior market analyst at OANDA, told Reuters.

In March and April, the dollar was a strong as 25 pesos, but declined at the end of September when it was purchasing around 22 pesos. The dollar was even weaker, equal to around 18.50 pesos, at the beginning of 2020.

More news

A new way of looking at Yucatán’s famed Chichén Itzá

Chichén Itzá has gone from being thought of as simply one of many Mayan cities to nearly synonymous with Maya civilization itself.

Mérida will replace its airport with a new one, governor confirms

The Mérida International Airport in 2020 was in midst of a huge expansion and renovation. Photo: Sipse Mérida's...

Fundamental Arquitectura and the art of taking it slow

Zaida and Orlando have been creating narrative-heavy spaces in Mérida since 2015. With an important emphasis on public spaces, they have recycled iconic spaces of the city into new forms of living.

Progreso has welcomed its first cruise in over 16 months

Although only approximately 300 passengers disembarked from the ship, local and state authorities hailed the arrival of the Breeze as a victory and sign that Yucatán’s cruising industry is finally beginning to recover.