Banxico's Navigational Skills: Can Central Bank Actions Keep the Peso Steady Amid Economic Fluctuations?

Banxico's Navigational Skills: Can Central Bank Actions Keep the Peso Steady Amid Economic Fluctuations?

Blog Article

Mexico attracts tourists with its sunny beaches and rich culture, positively affecting the peso. Tourism revenues hit $28.6 billion in Q3 2023, marking a 12% year-on-year increase, a direct boost to the peso from international visitors. However, tourism's seasonal nature means visitor numbers—and the peso's strength—may dip during off-peak seasons. External economic downturns could also impact tourist arrivals. The ongoing tourism surge's ability to maintain peso strength amidst these factors remains to be seen. Keep up with dolar hoy for the latest on tourism trends and their effect on the peso.