Donald Trump has made it clear that he plans to impose a 25% tariff on Mexican imports if the country does not stop the flow of migrants and drugs into the United States. This threat has sent shockwaves through the Mexican economy, with the peso plummeting to its lowest rate in two years. Economic Implications […]
Campeche Ranks Fifth in Inflation in Mexico as of October 2024
Campeche has been identified as the fifth state with the highest inflation in Mexico at the end of October 2024, driven by rising prices of agricultural and energy products. According to the latest report from the National Institute of Statistics and Geography (INEGI), Campeche experienced a monthly inflation increase of 1.38%, which is above the […]
Mexican Peso Soars as Fed Cuts Rates
The Mexican peso (MXN) continued its winning streak on Thursday, gaining against the US dollar (USD) after the Federal Reserve’s decision to cut interest rates by 25 basis points. The USD/MXN exchange rate dropped below 20.00, with a current trading price of 19.78, down 1.42%. The Fed’s statement highlighted a solid economy despite a slight […]
Christmas Bonus in Mexico: Deadline and 2024 Update
One of the most anticipated legal benefits for workers in Mexico is the Christmas bonus. As the end of the year approaches, many are eager to know the deadline for receiving it and whether it will be doubled in 2024. Christmas Bonus 2024: Deadline and Amount According to the Federal Labor Law (LFT), Article 87, […]
Mexico’s Fiscal Position: A Vulnerability Factor Exposed by US Elections
The deterioration of Mexico’s fiscal position has become a significant vulnerability factor for the country, particularly in light of the upcoming US electoral process. Prior to this crucial event, foreign investors withdrew from Mexican securities in October, marking two consecutive months of disinvestment. According to data from the Bank of Mexico up to October 25, […]
Mexico’s Peso Crumbles Amid Trump Victory: A Financial Analysis
The Mexican peso has taken a hit after Donald Trump’s victory in the United States presidential elections. The currency, already weakened by concerns over Trump’s campaign promises and economic policies, plummeted further on November 6th, trading down against the US dollar. Trump’s Impact on Mexico’s Economy Trump’s election win sent shockwaves through the Mexican economy, […]
Cancun-Costa Mujeres tourist corridor promises to increase added value
The Cancun-Costa Mujeres tourist corridor promises to increase its added value by 20% in the coming years, according to expert appraisers in Quintana Roo. The State Government and the Federation are investing heavily in this area, and data from the College of Appraisers suggests that it will lead to a significant increase in value. Kristhian […]
Mexico is nervous
Mexico is on edge as the possibility of Donald Trump winning the US elections becomes more likely, causing widespread concern among Mexicans. Financial markets are not immune to this anxiety either, with the interbank dollar experiencing a significant drop in value. On Wednesday, it closed at 20.28 pesos per dollar, representing a loss of 25 […]
The Mexican Peso: How Low Could It Go?
The past six months have been turbulent for the Mexican peso, with its value against the U.S. dollar declining significantly. The peso’s volatility presents both challenges and opportunities for individuals who fund their lifestyles in Mexico from foreign currencies like the U.S. dollar, Canadian dollar, or Euros. Reasons Behind Peso Volatility 1. Weaker Mexican Economy: […]
Economic activity falls in 5 states, after AMLO’s priority works: Tabasco, the most affected
In the first half of 2024, five Mexican states witnessed a decline in their economic activity according to the Quarterly Indicator of State Economic Activity. Among these, Tabasco experienced the most significant drop with a -5% annual decrease. This downward trend is particularly noteworthy given Tabasco’s history of sustained growth even during the pandemic period. […]