Here, in Mexico we live within a multi-currency environment. Our US dollars or other foreign currencies are most often converted into the peso rate when conducting commerce and business. If we are going to appreciate and benefit from this situation, we need to know the basics.
A weaker peso will attract more visitors this winter. They are enjoying our temperate weather and lower prices for food and lodging. The increased ¨snow bird¨ population is putting pressure on restaurants and hotels to hire more staff. With more than 500 new condos being sold and completed, the question of continued demand is still on the table. So far, the pre-construction sales reported are encouraging. If the peso continues to be 20 to the US dollar, we can experience more rental demand.