The US dollar exchange rate hits a new all-time high this Wednesday March 18th, rising up to the 24-peso level.
The weakness of the Mexican peso against the dollar (which is at levels never seen before), opens the way for imported goods to “become more expensive”, analysts warn.
The dollar can go up to 25 pesos in weeks to come, although it could return to 20 or 19 pesos, once the Pandemic situation has passed, experts estimate.
The Mexican peso went from being the currency with the best performance so far in 2020 to the worst, due to economic fears, and also due to the effects of coronavirus over the world’s stock exchange.
Among the products that Mexico imports the most are cell phones and computers (just to name a couple), so, if you sere thinking about buying a new iPhone, be ready to pay a lot more of those “pesos”.
The Yucatan TimesNewsroom
Comments
more recommended stories
Vila announces investments for more than 1,467 million pesos in ValladolidIn Valladolid, Governor Mauricio Vila Dosal.
Seven arrested for fishing banned species in Río LagartosRío Lagartos, (May 13, 2021).- Seven.
Quintana Roo, at risk of returning to red on the epidemiological traffic lightQROO, (May 13, 2021).- Quintana Roo.
Mexico faces accelerating inflation amid pandemicMexico, Chile, Peru to Keep Key.
There are currently six active forest fires in Tulum, Quintana RooTulum, Quintana Roo, (May 13, 2021).-.
Hospitals spend more than $ 1.7 billion pesos during pandemic in Quintana RooThe largest expenditure was assigned to.
Beatriz Gutiérrez Müller, AMLO´s wife gets vaccinated in Mexico CityThrough social networks, the president’s wife.
Police officers struggle with elderly woman to evict her from home in Cancun (VIDEO)Cancun, Quintana Roo, (May 13, 2021).-.
Yucatan has new tourist options to attract more visitors and generate more employmentMèrida, Yucatàn, (May 13, 2021).- Yucatán.
Young Yucatecan lives the real American Dream, he is accepted in 16 US universitiesMèrida, Yucatàn, (May 13, 2021).- This.
Leave a Comment