The exchange is part of the expat conversation more than ever, at least in recent history. But experts predict the dollar will get stronger by the end of the year, landing somewhere between the current dregs and the former, more favorable exchange rate. The Mexican peso this week reached its strongest level since 2015, thanks…
Expats depending on income from abroad aren’t the only ones feeling the pinch of the “super peso.” Think of poorer families depending on remittances. A US dollar bought 20 Mexican pesos a year ago. Now it’s down to around 17. The peso has become among the world’s best-performing currencies. A combination of high interest rates,…
Mexico’s central bank accelerated the pace of its interest rate hikes Thursday. The peso strengthened slightly after the decision, gaining as much as 0.4% to 19.9791 per US dollar. Banxico’s board voted unanimously to raise its key rate by 75 basis points to 7.75%. The increase is the largest since the bank adopted an inflation…
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…
The new 1,000-peso bill will enter circulation in the second half of the year, according to Banco de México (Banxico). On one side of the paper currency, the Mexican Revolution will be the central theme, featuring the likenesses of revolutionary activists Hermila Galindo, Francisco I. Madero and Carmen Serdán. The other side of the note…
Who should be on Mexico’s new 500-peso bill? The Aztec ruler Cuauhtémoc, say 34 percent of voters in an El Universal poll.
A new 500-peso bill — one of the largest circulation in the country — is coming, but bank officials won’t say if Frida Kahlo and Diego Rivera will remain as part of the design.
A peaceful election has calmed fears among investors, says a Banco Base executive, who estimates that the exchange rate will continue to range between 19.70 and 20.30.
The dollar surged against Mexico’s peso after Mexico said it will impose a 20 percent tariff on U.S. pork imports.
Mexicans living the United States and elsewhere sent home a record amount of cash in April.
The U.S. dollar is gaining on Mexico’s peso again, and foreign property buyers have noticed.
Election-related volatility could bring a return of the 20-dollar peso, predicted the local president of the National Chamber of the Industry of Transformation, Juan Manuel Ponce Diaz.
The peso tumbled Thursday during its worst trading day in 11 months.
Mexico’s peso depreciated 1.71 percent this week, its worst seven-day performance since Dec. 22, 2017.
Worries over the U.S. corporate tax cut have dealt the latest blow to the Mexican peso.
Mexico’s peso reached an almost 10-month high on Friday and investors are more optimistic about the currency than they have been in four years.
The Mexican peso is on the verge of breaking into bull market territory. How things have changed.
After the U.S. President-elect Donald Trump’s commerce pick said that renegotiating NAFTA will be a priority, the currencies of both Mexico and Canada tumbled Wednesday.
While Mexico has always been an affordable place to visit, “the last two years have taken that dynamic to an extreme,” writes a financial writer who just spent five weeks in Yucatán and Central Mexico.
Could Donald Trump be inadvertently doing Mexico a huge favor? The peso is gaining ground against the U.S. dollar while Donald Trump’s poll numbers are dropping.
Mexico’s peso can’t seem to catch a break. Has Donald Trump’s proposals and rhetoric played a role?
Mexico’s peso sank to a record low on Tuesday, and the decline is expected to continue. But who to blame, if you’re earning money in pesos?
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