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• Super Peso Coming Back Stronger Than Ever? Mexican Peso Poised for Strengthening in 2025 The Mexican peso is expected to strengthen in the first half of 2025 as investor confidence grows under the new administration and volatility surrounding the U.S. election subsides, according to a forecast by UBS Group AG. Gabriela Soni, Director of Investment Strategy at UBS Mexico, predicts the peso could gain approximately 5% from current levels,…
• Hurricane John Expected to Bring Heavy Rains and High Waves to Puerto Vallarta Puerto Vallarta is bracing for potential impacts from Hurricane John, which has re-intensified to a Category 1 storm off the Pacific coast of Mexico. After a brief weakening period, the hurricane has gained strength once again, now posing a significant threat to various coastal regions, including Puerto Vallarta. The National Meteorological Service (SMN) has issued…
• Mexican Peso Continues Unstable: Dollar Reaches Nearly 20 Pesos, Creating Economic Ripples in Mexico After several days of the exchange rate hovering around 19 pesos per US dollar, today's figures show a shift closer to the 20-peso mark, with the dollar standing at 19.529 pesos. This marks a noticeable increase from last Friday, signaling a continued rise in recent days. Although the change appears modest, the psychological impact of…
• Canadian Tourism to Mexico Reaches Historic Highs Puerto Vallarta, Mexico - The Secretary of Tourism of the Government of Mexico, Miguel Torruco Marqués, has announced that Canadian tourism to Mexico has reached historic levels during the current administration. In 2023, 2.4 million Canadian tourists arrived in Mexico by air, marking a 14.5% increase over 2018. These visitors contributed a staggering $2.7 billion…
• Orcas Sighted in Puerto Vallarta’s Bay of Banderas, Delighting Tourists and Marine Enthusiasts Puerto Vallarta, Mexico – Puerto Vallarta's stunning Bay of Banderas is not only a haven for vacationers but also a sanctuary for the region’s marine life, with a recent sighting of orcas thrilling locals and visitors alike. A group of these majestic cetaceans was spotted swimming and playing in the crystal-clear waters near the iconic…
• Yellow Flags Raised on Puerto Vallarta Beaches in Anticipation of Tropical Cyclone John Puerto Vallarta, Mexico — As a precautionary measure, yellow flags have been raised on the beaches of Puerto Vallarta in response to the anticipated effects of tropical cyclone "John." While the storm poses no immediate threat to this popular tourist destination, authorities are taking preventive steps to ensure the safety of beachgoers. According to Puerto…
• Massive Power Outage Hits Puerto Vallarta, Sparking Frustration Among Residents Puerto Vallarta, Jalisco – On Thursday evening, a widespread power outage left Puerto Vallarta residents in the dark, sparking concern and frustration among CFE users across the municipality. The outage occurred at dusk and affected both electricity and communication services, including internet and mobile telephony, compounding the disruption. The Federal Electricity Commission (CFE), Mexico’s state-owned…
• Mexican Peso Outlook Today: Middle East Tensions Tank Stocks, But Mexico’s Peso Surges The Mexican peso strengthened on Wednesday following President Claudia Sheinbaum's inauguration, as investors responded to promising economic signals from the United States. The domestic currency MXN= traded at 19.4364 pesos per dollar, showing a gain of 0.86% compared to Tuesday’s Reuters reference price. The appreciation followed a 0.37% gain during Tuesday’s international trading session, as…
• Catastrophic’ Flood Warnings as Tropical Storm John Targets Mexico’s Tourist Hotspots Puerto Vallarta, Mexico - Tropical Storm John, which has already caused significant destruction along Mexico’s southern coast, is intensifying as it prepares to make another landfall on the Mexican mainland. According to the U.S. National Hurricane Center, the storm has already left a path of devastation as it moved over the Pacific Ocean, preparing for…
• Puerto Vallarta Weather Update for Friday, September 27, 2024 Puerto Vallarta, Jalisco - As the weekend approaches, residents and visitors in Puerto Vallarta can expect a day marked by mostly cloudy skies and sporadic rain. The tropical destination, which has recently seen significant development, continues to experience typical late-September weather conditions, characterized by warm temperatures and the likelihood of rain as the rainy season…