It’s Getting a Little More Expensive for Americans Living in Mexico, Peso Surges to Over Seven-Year High

June 2, 2023
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Puerto Vallarta (PVDN) - The Mexican peso reached its highest level in more than seven years on Friday, June 2, driven by positive employment data from the United States. The country's stock market also experienced a notable rise as fears of a recession in the US diminished.

At the close of trading, the peso was trading at 17.5111 units per dollar, showing a 0.21% appreciation compared to Thursday's reference price. Earlier in the day, it reached 17.415 units, a figure not seen since 2016.

The exchange rate between the US Dollar . . .

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