Air Canada and Viva Aerobus have announced an interline agreement aimed at enhancing the connectivity between Canada and Mexico, providing Canadian travelers greater access to Viva Aerobus’s extensive domestic network of 59 destinations across Mexico. This partnership seeks to streamline travel for passengers by offering connections on a single ticket, improving both convenience and efficiency for international travelers.
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- Peso Crash: Mexican Peso Ends August as the Most Depreciated Global Currency With Three Month Losing Streak Puerto Vallarta, Mexico – The Mexican peso experienced a significant depreciation in August, closing the month at approximately 19.71 pesos per U.S. dollar in international markets, marking a 5.97% decline or a loss of 1.11 pesos compared to its value in July. This drop marks the third consecutive month of decline for the peso, according…
End of the “Super Peso” Era: Mexican Currency Depreciates Amidst External and Internal Pressures The era of the “super peso,” marked by the record appreciation of the Mexican currency, has come to an abrupt end, as external volatility and internal government reforms create uncertainty in financial markets. The Mexican peso has depreciated by 16% against the U.S. dollar since the day before the June 2 election, signaling a significant…
Government is Closing Businesses in Puerto Vallarta For Adding Gratuity or Credit Card Fees to Customer Bills Puerto Vallarta, Mexico – In response to a growing number of complaints about improper service charges, including unauthorized tips and commissions for debit or credit card payments, the Federal Consumer Protection Agency (Profeco) has intensified its operations and inspections in the Puerto Vallarta and Bahía de Banderas regions. Álvaro Alberto Dávila Castro, the director of…- The Mexican Peso Weakens and it’s a Bad Time to Invest in Mexico According to Analysts The economic outlook for Mexico in 2024 has taken another hit as private sector analysts have once again downgraded their growth expectations. According to a recent survey conducted by the Bank of Mexico (Banxico), specialists now predict that the nation’s Gross Domestic Product (GDP) will grow by just 1.6 percent in 2024, marking the fifth…
The Peso Continues Its Decline Thursday Morning Amid Dollar Strengthening and Judicial Reform Concerns The Mexican peso fell on Thursday, reversing some of the gains it made the previous day, as the U.S. dollar strengthened globally in response to unexpectedly positive economic data from the United States. As of Thursday morning, the peso was trading at 19.7515 per U.S. dollar, representing a 0.56% decline from the Reuters reference price…- End of the Superpeso Continues in September as the Mexican Peso Continues Losing Streak Puerto Vallarta, Mexico – The Mexican peso continues its decline on Monday, driven by growing concerns over a controversial judicial reform that could soon be approved following the commencement of congressional sessions on Sunday. The peso was trading at 19.7399 per dollar, reflecting a 0.15% decrease from Friday’s Reuters reference price, marking the currency’s continued…
Puerto Vallarta Authorities Launch Operation to Remove Homeless Individuals from Public Spaces Puerto Vallarta, Jalisco — In response to growing public concerns about the increasing number of homeless individuals occupying public spaces, Puerto Vallarta authorities have initiated a targeted operation to remove these individuals from key areas, including beaches and bridges. The operation, led by the Puerto Vallarta Municipal Police, is part of a broader effort to…
The Superpeso is a Distant Memory: Why has the Peso Plummeted 16% Since June? The once-celebrated ‘superpeso’ era has come to an abrupt end, as the Mexican peso continues its downward spiral in the wake of external volatility and domestic uncertainty stemming from recent reforms introduced by President Andrés Manuel López Obrador (AMLO). The currency has depreciated by 16 percent against the U.S. dollar since the pivotal June 2…
Mexican Peso Faces Continued Decline as Key Events Loom: Four Factors to Watch The Mexican peso has been on a downward trend for the past three months, and experts predict that this decline could continue until the end of the year. Several factors are contributing to the depreciation of the currency, and the coming months will be critical in determining whether the peso can recover or continue to…
The Mexican Peso Closes Another Day of Loses Today Puerto Vallarta, Mexico – The Mexican peso closed trading on Tuesday with notable losses, reflecting increased investor nervousness surrounding the ongoing discussion of a controversial judicial reform in the Congress of the Union and anticipation of critical employment figures from the United States. The local currency depreciated to 19.8711 pesos per dollar by the close…