Worsening Exchange Rate
OPIllini96
Just crossed the border into TI. As usual, before I did, I stopped to exchange $100 in dollars for pesos. The rate is now 16.1 for every dollar, by far the worse I've seen it. Needless to say, this $100 will be my last exchange until the rate improves.
10 comments
$2046MX=$120US, compared to when the ratio was about 20:1 and $2046MX=$100.
https://www.xe.com/currencycharts/?from=…
Economists expect the trend to continue. There are many reasons, but a primary one is the USMCA (NAFTA replacement signed under Trump) is driving direct foreign investment into Mexico. It's not that the dollar is doing bad (or inflationary pressure), it's that the Peso is just doing really well.
https://kfoxtv.com/news/local/utep-profe…
TLDR: expect higher prices in TJ, and book your trip there soon because it's probably only going to get worse.