Puerto Vallarta (PVDN) - On April 16, members of Mexico's National Guard, which is under the control of the Armed Forces (Sedena), opened fire on a 2001 Chevrolet Tahoe truck in Tamaulipas, where a family of five, including a pregnant girl under 15 years old, was traveling . . .
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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…
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…
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…
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…
Dollar Crushes the Peso Surpasses 20 Peso Barrier Puerto Vallarta, Mexico - The exchange rate of the Mexican peso against the US dollar has surged past the 20 peso mark, reaching 20.11 pesos per dollar on Thursday, representing a depreciation of 0.87% compared to Wednesday's closing value. At the start of the trading day, the dollar was quoted at 20.14 pesos, its highest…
August Sees Largest Drop in International Tourism at Mexico’s Top Tourist Destinations, Including Puerto Vallarta Puerto Vallarta, Mexico - August has marked a concerning turning point for Mexico’s major tourist destinations, showing the largest decline in international passenger traffic this year. According to the latest report from the Sustainable Tourism Advanced Research Center (STARC), international passenger traffic at key airports, including Cancun, Puerto Vallarta, and Los Cabos, has contracted by…
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…- Peso Suffers Relapse in Afternoon With Weakest Peso in Two Years Puerto Vallarta, Mexico - The Mexican peso has been trading above 20 units against the U.S. dollar for the second consecutive day, as both internal and external factors drive market fluctuations. On Friday, the peso reached 20.09 pesos per dollar on the wholesale market, following Thursday’s closing rate of 19.93 pesos per dollar. The depreciation…
Air Canada and Viva Aerobus Sign New Interline Agreement That Benefits Travel to Puerto Vallarta from Canada 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…
Sunwing Announces New Direct Flight Route from Victoria to Puerto Vallarta, Enhancing Canadian Tourism Connectivity Puerto Vallarta, Mexico – Sunwing, a prominent Canadian airline and tour operator, has announced the launch of a new direct flight route from Victoria, British Columbia, to Puerto Vallarta, starting operations on December 10, 2024. This expansion marks a significant boost in tourism connectivity between Canada and the popular Mexican Pacific destination, according to information…
