The Mexican peso opened this Friday at 19.42 pesos per U.S. dollar, representing a slight appreciation of 0.14% or 3 cents from the previous day, based on data from Bloomberg. This minor gain comes after a week of fluctuating exchange rates, with the peso facing volatility during the overnight session.
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Mexican Peso Depreciates as Market Awaits Inflation Data from Mexico and the U.S. The Mexican peso experienced a depreciation against the U.S. dollar early Tuesday, marking its second consecutive session in decline. The currency’s dip is largely attributed to investor anticipation of upcoming inflation reports from both Mexico and the United States, which are expected to influence monetary policy decisions in the near term. At the latest spot…
New Mayor of Puerto Vallarta Uncovers 400 Million Pesos of Hidden Debt Not Reported by Previous Administration Puerto Vallarta, Mexico — The new administration in Puerto Vallarta, led by Mayor Luis Ernesto Munguía González, is facing a significant fiscal challenge left by the previous municipal government. According to preliminary reports, the former administration may have left a public debt of between 350 and 400 million pesos, contradicting earlier assurances of a zero-debt…
From Super Peso to Uncertainty: Extraordinary Peso Strength May be Drawing to a Close Puerto Vallarta, Mexico – As of October 1, Claudia Sheinbaum Pardo has officially assumed the presidency of Mexico, embarking on her term with a variety of economic challenges and uncertainties ahead. This leadership change has coincided with recent fluctuations in the Mexican peso, which, after a period of robust performance earlier this year, has shown…
Heavy Rains Prompt Puerto Vallarta Authorities to Issue Advisories Puerto Vallarta, Jalisco – Due to recent meteorological disturbances and the potential for heavy rains along the Pacific coast, Civil Protection authorities in Puerto Vallarta, under the leadership of Mayor Luis Munguía, are urging the public to adhere strictly to preventive measures to safeguard lives and property. The Municipal Civil Protection Council, which includes representatives…
Damage Reported in Puerto Vallarta After Sunday Night Storm Puerto Vallarta, Mexico – A strong storm that swept through Puerto Vallarta from Sunday night into early Monday morning brought heavy rainfall, causing minor damages and temporary road closures across the city, according to the Puerto Vallarta Civil Protection and Fire Department (PCBPV). The storm, which recorded up to 85 liters per square meter in…
Puerto Vallarta’s Gaviotas Restaurant Wins 2024 World Culinary Award Puerto Vallarta, Mexico – October 7, 2024 – The acclaimed Gaviotas restaurant at the Sheraton Buganvilias Resort & Convention Center in Puerto Vallarta has been recognized with the 2024 World Culinary Award for Best Fine Dining Hotel Restaurant in Latin America. Known for its dedication to excellence in cuisine and service, Gaviotas proudly adds this…
Hurricane Milton Reaches Category 5, Spurring Alerts for Mexico’s Yucatán Peninsula As tropical cyclone season reaches its peak, Hurricane Milton has intensified rapidly, now classified as a Category 5 storm. The hurricane, located in the Gulf of Mexico, is affecting the Yucatán Peninsula and the southern United States, bringing heightened alerts across the region. According to the latest reports from the National Meteorological Service (SMN) and…
Potential Tropical Cyclone Near Jalisco Coast Gains Strength Puerto Vallarta, Mexico – A potential tropical cyclone has been identified off Mexico’s Pacific coast, intensifying as it moves slowly west-northwest, according to a report from the National Water Commission (Conagua). Currently situated approximately 185 kilometers southwest of Zihuatanejo, Guerrero, this low-pressure zone has prompted concern as it shows a 40% chance of developing into…- The Mexican Peso Today: Mexican Peso Gains Against U.S. Dollar Amid Strong Labor Data from the United States Puerto Vallarta, Mexico – The Mexican peso strengthened against the U.S. dollar on Friday morning, October 4, buoyed by positive labor market data from the United States. As of 6:52 a.m., the exchange rate stood at $19.33 Mexican pesos per dollar in the spot market, reflecting an appreciation of 0.11% compared to Thursday’s close. This…
Hurricane John Sinks Tourism in Acapulco: Hotel Occupancy Drops to 13% Acapulco, Mexico – In a troubling recurrence, Acapulco, one of Mexico’s premier tourism destinations, finds itself grappling with the aftermath of a significant weather event for the second time in just over a year. This time, Hurricane John, which did not make direct landfall, has nonetheless inflicted substantial economic damage. The hurricane brought heavy rain,…
