The Mexican peso experienced its third consecutive day of losses on Wednesday, trading at 19.19 pesos per dollar, down 1.14% from the previous day’s close, leading global currencies in loses. The currency’s decline comes in the wake of growing concerns over a proposed judicial reform and anticipation of the U.S. Federal Reserve’s July meeting minutes.
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Puerto Vallarta at a Turning Point Amid Rapid Development and Gentrification Puerto Vallarta, one of Mexico’s most popular tourist destinations, is undergoing a profound transformation as gentrification takes hold. This phenomenon, which involves the influx of wealthier residents and tourists, has sparked significant debate among the local community regarding its impact on the city’s character, economy, and population. The Dual Impact of Investment In recent years,…
‘Gringo Go Home’: Oaxaca is the Latest City in Mexico to Express its Frustration Over Gentrification Oaxaca de Juárez, the capital of the state of Oaxaca, has long been known for its vibrant culture, rich history, and picturesque neighborhoods. Yet, as the city continues to attract more visitors and new residents, the growing tide of gentrification is transforming the urban landscape—and the walls of the city are speaking out. The urban…
Mexican Tourist Destinations Like Puerto Vallarta See Surge in Dollar-Priced Property Investments In recent years, dollarized properties in Mexico’s prime tourist destinations, including Puerto Vallarta, have emerged as a robust investment option. These properties have demonstrated their strength as a reliable store of value, particularly when compared to alternatives valued in pesos. However, this trend has also contributed to a rapid increase in rental prices, affecting both…
WestJet and Air Transat Increase Flights to Puerto Vallarta from Canada for Winter Season Puerto Vallarta, Jalisco – Canadian airlines WestJet and Air Transat have announced plans to significantly increase their flight frequencies to Puerto Vallarta for the upcoming winter season, anticipating a surge in demand from foreign visitors. This move is set to bolster tourism in the region, providing more travel options for Canadian tourists seeking the warm,…
Superpeso: Mexican Peso Gains Ground Against the Dollar as New Week Begins Mexico City — The Mexican peso showed signs of strengthening as it entered the new trading cycle, following a weekend break that allowed the currency to regain some momentum against the US dollar. The peso’s performance over the weekend aligns with the trend observed in the final days of the previous cycle, signaling a favorable…
Crocodile Sightings Increase During Rainy Season in Puerto Vallarta Puerto Vallarta, Mexico – As the rainy season progresses, the likelihood of encountering crocodiles in various areas, including rivers, beaches, seas, and even urban zones, has significantly increased. This is a common phenomenon during this time of year, as these reptiles expand their territory due to rising water levels and changes in their habitat. Armando…
Superpeso: Mexican Peso Poised to Gain Against Dollar After Turbulent Week The Mexican peso is projected to strengthen against the U.S. dollar this week, continuing its recent trend driven by robust data from the U.S. economy. Despite a slight decline in Friday’s session, the peso remains on an upward trajectory, reflecting the broader economic dynamics at play between the two nations. As of the latest data…
Superpeso Rollercoaster: Mexican Peso Depreciates Amid Weak Retail Sales Report Puerto Vallarta, Mexico – The Mexican peso is experiencing a depreciation against the U.S. dollar this Tuesday morning, marking the second consecutive day of decline. This downward trend follows the release of a weaker-than-expected report on retail sales in Mexico and growing anticipation of comments from two key members of the U.S. Federal Reserve later…
Superpeso: Mexican Peso Strengthens as U.S. Inflation Moderates, Boosting Expectations of Fed Rate Cut The Mexican peso showed significant strength on Wednesday morning, advancing against the U.S. dollar following news that inflation in the United States had slowed its pace last month. This development has bolstered market expectations that the Federal Reserve (Fed) might cut its interest rates in September, providing a favorable outlook for the Mexican currency. As…
Puerto Vallarta Ranks as the Most Expensive City for Rent in Latin America Puerto Vallarta, Jalisco – Puerto Vallarta, a city long celebrated for its vibrant culture and stunning coastal scenery, has now established itself as the most expensive city to rent an apartment in all of Latin America. According to a recent study conducted by Numbeo, the average rental price in Puerto Vallarta has reached $1,095.79 USD…
