Remittances: A Vital Support of Love and Dollars Bolstering the Peso, But for How Long?

Remittances: A Vital Support of Love and Dollars Bolstering the Peso, But for How Long?

Blog Article

Remittances from Mexican expatriates, a critical financial lifeline, significantly boost the peso. In 2023, remittances soared to a historic $60 billion, overtaking oil exports as the top foreign currency source. These dollar inflows strengthen the peso and fuel domestic economic activities. Yet, variables such as the economic climate in the US and immigration policies could affect remittance volumes. Stay updated with dolar hoy for insights on remittance flows and their peso impact.