MXP
The peso is soaring. Good for Mexicans, bad for tourists. Some analysts are saying the exchange rate could go to 18 to 1.
Forum Discussion
moisheh wrote:
The cheer for a strong peso is not good for the nation. It discourages foreign investment and thus affects employment. Currency values are very complicated but stability is most important.
It sure does, thinking about import/export of goods and services, industrial and commercial property owners hedge on that, but investors become hestitant because they aren't sure what will happen next with the peso.
Lots of good but can bring a lot bad with it.
