The Yucatecan capital has positioned itself as the third most expensive city in the entire country. During the first half of April, inflation in Mérida showed a slight deceleration; nevertheless, the Yucatecan capital was placed as the third most expensive city in the entire country. The report from Inegi showed that the National Consumer Price […]
Dollar TODAY April 25 Exchange Rate in Mexico; ‘Super Peso’ Fails to Rise and Continues to Depreciate
The Mexican peso is considered one of the 15 most traded currencies in the world, as well as a safe-haven asset during times of geopolitical and economic tension. After gaining ground against the US dollar, the peso has retreated in recent weeks. Yesterday, Wednesday, April 24, the Mexican currency fell by 0.64 percent, closing the […]
After the US: Venezuela, Brazil, and Mexico have the most gold reserves in the region
According to the Trading Economics report, the United States continues to lead the amount of this metal on the continent. Gold has been at the center of discussions due to its price increase, caused by tensions in the Middle East. Weeks ago, the bullion rose up to 1.2% to $2,400.67, while silver traded at its […]
Russia Claims Tariff Increase on Beer Imports Will Not Affect Mexico
The Russian embassy in Mexico denied this Monday that the increase in tariffs decreed by the Russian government on beer imports, which go from 0.043 dollars per liter to 0.11 dollars, will affect the beer produced in Mexico. “In the article, it is reported that Russia is increasing tariffs on beer imports from unfriendly countries […]
Mexico Increases Tariffs on China and Non-Treaty Countries by up to 50%
In the evening edition of the DOF, the Ministries of Finance and Economy reported that it will also apply to products such as chemicals, paper, and cardboard. In response to the impact of unfair practices by countries with which Mexico does not have a treaty, the Mexican Executive decided to raise tariffs between 5% and […]
Revolut Bank, the New Authorized Bank in Mexico
The National Banking and Securities Commission (CNBV) published in the Official Gazette of the Federation (DOF) that Revolut Bank is the new bank that will operate in Mexico, making it the 51st participant in the country. Revolut de México, S.A. de C.V. (Revolut de México) requested authorization from this Commission to organize and operate as […]
Mexican Peso plummets as risk aversion and strong US Retail Sales boosts USD
On Monday, the Mexican Peso weakened against the US Dollar, influenced by robust economic figures from the US and a rise in US Treasury yields. March’s Retail Sales were impressive, supporting the US Dollar’s upward momentum and setting it on course to revisit the peak levels of November 2023, as reflected in the US Dollar […]
Mexico: These are the most expensive states to buy a house
In January, the real estate platform Lamudi shared a report on the panorama of home buying and renting in Mexico. This report includes two particularly striking sections for those looking for a place to live: the average sale price per square meter and the average monthly rent in different parts of the Mexican Republic. Which […]
Dollar Price Today April 12, 2024: Mexican Peso Falls Sharply
This week, investors received data on inflation and employment that showed signs of persistent pressure on prices and strength in the United States economy, affecting expectations for rate cuts this year. The Mexican peso falls sharply this Friday morning. The local currency retreats in the face of a strengthening dollar, which gains momentum from growing […]
Regular gasoline in Mexico is 50% more expensive than in the US
In Mexico, several taxes are paid, there is the Special Tax on Production and Services, the IEPS, and the Value Added Tax, which make the product more expensive. Regular gasoline in Mexico is currently 50% more expensive than in the United States, a reduction compared to the gap of more than 60% that existed at […]