The Mexican peso enjoyed a good start to the week, trading higher against the dollar. The US dollar lost more than one percentage point against the Mexican peso during the early hours of Monday. After the opening bell, the US dollar averaged 19.20 Mexican pesos at the start of the day, representing a 1.18% change […]
Euro: closing price today, June 2 in Mexico
In the last session, the euro closed at an average of 21.97 Mexican pesos, representing a 0.03% change compared to the previous day’s exchange rate of 21.98 pesos. Compared to the last week, the euro has risen 0.27% and, year-on-year, still maintains a rise of 11.14%. Regarding today’s fluctuations compared to previous days, this figure […]
Tulum’s Tourism Boom Turns to Bust: 35% Rate Drop in Just Three Years
In a shocking reversal of fortunes, the once-thriving tourist destination of Tulum has seen its hotel rates plummet by a staggering 35% over the past three years. According to reports from REPORTUR.mx, one of Tulum’s most iconic hotels, known for its Instagram-worthy charm, has seen its average nightly rate drop from $971 in 2021 to […]
Quintana Roo and Yucatán Lead Nation in Working-Class Population Participation
Two Mexican states stand out for having the highest participation rates of employed people: Quintana Roo and Yucatán. According to the National Institute of Statistics and Geography, both states maintain their position as one of the most dynamic regions for promoting employment. Quintana Roo boasts a 66% economically active population, with 971,564 employed individuals, while […]
Cozumel Set to Welcome Record-Breaking Cruise Week with Over 64,000 Visitors
The Mexican Island of Cozumel is gearing up for an unprecedented influx of tourists this week as it prepares to host a record-breaking 16 cruise ships, bringing with them a total of nearly 65,000 passengers. The mass arrival of these floating hotels from May 26 to June 1 will undoubtedly have a profound impact on […]
Tourism Downturn Hits Quintana Roo Restaurant Industry
The National Chamber of the Restaurant and Seasoned Food Industry (Canirac) in Quintana Roo is sounding the alarm about a decline in consumer spending and tourism at local restaurants. According to Julio Villarreal, Canirac’s president for the region, restaurant establishments are experiencing a drop in consumption and spending by diners. This trend could lead to […]
Peso Rises; Global Markets Fall Due to Tariff Threats to Europe
The global financial landscape took a downturn in the final trading session of the week, as concerns over tariffs mounted after US President Donald Trump’s comments on imposing a 50 percent tariff on the European Union. Despite this gloomy outlook, the Mexican peso experienced an unexpected appreciation. Trump’s threat to impose significant tariffs on Europe […]
The Economy Goes Online: The Hot Sale 2025 Kicks Off
Mexico’s economy is facing a period of slowdown, but the online market is ready to rev up with the arrival of the Hot Sale 2025. This online commercial event brings together more than 700 brands and offers aggressive promotions and benefits for consumers. From May 26 to June 3, websites will become a virtual shopping […]
Mexico’s Trade Balance Shows Mixed Signals Amid US Tariffs
Despite the imposition of tariffs by the United States, Mexico’s exports grew at an annual rate of 5.8% in April, according to data released by the National Institute of Statistics and Geography (Inegi). However, Mexico’s trade balance showed a deficit of $88 million for the month, mainly due to the impact of US tariffs. This […]
Meat and Poultry Prices Drive Mexico’s Quarterly Inflation to 4.22%
Mexico’s inflation rate has surged to 4.22% in the first half of May, exceeding expectations and pushing above the 4% threshold for the first time since December last year. The sharp increase is largely attributed to rising prices of beef and poultry, which have been affected by a crisis involving the cattle tick and avian […]