PUERTO VALLARTA, Mexico – As of September 7, 2024, the Mexican peso continues to trend lower against the US dollar, with the interbank exchange rate at 19.97 pesos per dollar, up 0.57% from the previous day, according to Bloomberg. Despite this small recovery, the peso remains under pressure due to market-wide concerns.
Popular Posts:
- Peso crashes: Mexican peso falls for third straight month, ends August as world's worst-performing currency PUERTO VALLARTA, Mexico – The Mexican peso experienced a significant depreciation in August, closing the month at approximately 19.71 pesos per US dollar on the international market, down 5.97% or a loss of 1.11 pesos compared to its value in July. This marks the third consecutive month of depreciation for the peso.
Mexican peso is falling, analysts say it's a bad time to invest in Mexico Mexico's economic outlook for 2024 has taken another hit as private analysts again lowered their growth forecasts. In a recent survey by the Bank of Mexico (Banxico), experts now expect Mexico's gross domestic product (GDP) to grow by just 1.6% in 2024, the fifth-lowest growth rate in the past five years…
Mexico's top tourist destinations, including Puerto Vallarta, saw record declines in international tourist numbers in August PUERTO VALLARTA, Mexico – August marked a worrying turning point for Mexico's major tourist destinations, which saw their biggest decline in international passenger numbers this year. Major airports such as Cancun, Puerto Vallarta and Los Cabos saw declines in international passenger numbers compared to last year, according to the latest report from the Sustainable Tourism Advanced Research Center (STARC).
Mexican Peso Continues to Fall, End of Super Peso Continues in September PUERTO VALLARTA, Mexico – The Mexican peso continued to weaken on Monday as concerns grew over controversial judicial reforms that could be approved soon after Congress opens on Sunday. The peso was trading at 19.7399 pesos to the dollar, down 0.15 percent from Friday's Reuters reference price, signaling the currency's continued weakness.
Mexican Peso Continues to Face Weakness as Key Events Loom: 4 Factors to Watch The Mexican peso has been on a downward trend for the past three months, and experts predict that this decline may continue until the end of the year. Several factors have contributed to the currency's decline, and the coming months will be crucial in determining whether the peso will recover or continue to fall.
The dollar dominates the peso, breaking through the 20 peso barrier PUERTO VALLARTA, Mexico – The Mexican peso to the U.S. dollar exchange rate breached the 20 peso mark, reaching 20.11 pesos to the dollar on Thursday, down 0.87% compared to Wednesday's closing price. At the start of trading, the U.S. dollar traded at a record high of 20.14 pesos.
Mexican peso ends lower today PUERTO VALLARTA, Mexico – The Mexican peso ended trading sharply lower on Tuesday, reflecting growing investor uncertainty over judicial reforms still under debate in Congress and anticipation of a key U.S. jobs report. The local currency weakened to 19.8711 pesos per dollar at the close of trading.- The peso fell again in the afternoon to its lowest in two years. PUERTO VALLARTA, Mexico – The Mexican peso is trading above 20 pesos against the US dollar for the second straight day as domestic and international factors drive market fluctuations. On Friday, the peso reached 20.09 pesos per dollar in the wholesale market, and closed at 19.93 pesos per dollar on Thursday. The peso's decline was due to…
Air Canada and Viva Aerobus sign lucrative new interline agreement for travel from Canada to Puerto Vallarta Air Canada and Viva Aerobus have announced an interline agreement aimed at increasing connectivity between Canada and Mexico, giving Canadian travellers easier access to Viva Aerobus' extensive domestic network across 59 destinations across Mexico. The partnership aims to streamline passenger travel by offering connections on a single ticket, improving both convenience and efficiency…
Sunwing Announces New Nonstop Flights from Victoria to Puerto Vallarta, Strengthening Canada's Tourism Connections PUERTO VALLARTA, Mexico – Leading Canadian airline and travel company Sunwing has announced the launch of a new direct flight from Victoria, British Columbia to Puerto Vallarta, with operations set to begin on December 10, 2024. According to information, the expansion will significantly improve connectivity between Canada and the popular Mexican Pacific destination…
