Why the Mexican Peso is SO STRONG against the US DOLLAR

[@mscatnipper2359]

Thanks, Jordan! That was easy to understand and helpful.

[@ddavidson5]

I think you missed another important reason for the strong peso. With global tensions many companies are relocating their production facilities from China to Mexico to get their manufacturing inside a NAFTA zone country.

[@TangerineTravels]

This was my reasoning for not including it... It is true that increasing your exports strengthens your currency and it's also true that the near-shoring that's happening is contributing to increasing exports. However, despite increasing manufacturing, Mexico is still running a trade deficit during most months of the year. Because the balance of trade is still in deficit despite the near-shoring, I consider it to be one factor putting some downward pressure on the peso.

[@jefffffrey]

​@@TangerineTravels it's not the trade deficit necessarily because the investment doesn't immediately result in exports. Factories are literally being built.

[@Grandpa_RLP]

Yep and even China is building plants in Mexico but in our next election we may change some of that if we elect a President who isn't a sell out.

[@squirrelattackspidy]

What is near shoring?

[@TangerineTravels]

Near-shoring is a new word that's related to offshoring. Offshoring was when US companies would move their manufacturing abroad, usually to Asia. Near-shoring is bringing that manufacturing back closer to home, often to Mexico.

[@JR-eq6jz]

I am glad we lived there in 2018-2020. It was over 19 then and was a great savings working remotely. Now, better off actually just going to Canada.

[@RedroomStudios]

better off how? worse weather and communist dictator PM in Canada. thats why I left there for Mexico.

[@anafera6421]

World's smallest violin

[@AbimaelLopez-hz3qq]

Canada is expensive

[@thegoldendog7991]

@@AbimaelLopez-hz3qq Yes, housing, gasoline, groceries, cell phone plans etc are all expensive. Don’t come to Canada looking for a bargain.

[@hoppeanofasgard1365]

Are you sure spending dollars abroad weakens the dollar? I thought the whole reason the US forced other countries to use the dollar when buying oil was to increase the value of the dollar. Something about the more scarce the dollar is at home, or the less it circulates in the US, the higher the value.

[@TangerineTravels]

Yes, but it's negligible. When a country has to buy oil in dollars, they first have to buy the dollars which creates demand for dollars. And since oil is such an enormous market at north of $2 trillion per year, that creates A LOT of demand for dollars. On the other hand, if you come to Mexico from the US, and use your US credit card to make a purchase in pesos, at the moment of the purchase, the credit card company is selling dollars and buying pesos in the open market to pay the vendor their pesos. Also, if you come to Mexico and you use your US debit card to withdraw pesos from the ATM, at that moment, your bank is selling dollars and buying pesos. So why do I say it's weakening of the dollar is negligible? Because the dollar is such a huge and liquid market it takes a lot more buying or selling to move the dollar market than it does to move the peso market. Does that make sense?

[@hoppeanofasgard1365]

@@TangerineTravels Ok, yes, that makes a lot of sense, thanks for clearing that up! By the way are you an econ major, or did you take some sort of financial courses? Because you really know your stuff when it comes to these things.

[@TangerineTravels]

@@hoppeanofasgard1365 No formal classes or anything like that. I've learned these things mostly through books and from unofficial mentors who know a lot more about this stuff than I do.

[@hbsoc200]

Wrong! Saudi Arabia just joined the BRICS and Saudi just pulled the dollar out of their petro-dollar to buy oil. Even Rusia the largest peoducer of oil, Venezuela and the Middle East are no longer selling oil in dollars. Countries like China, India and foreign countries are buying oil in their own currency, weakening the dollar. The only reason foreign countries are doing this is to avoid sanctions from the US.

[@Oksana1966]

Canada canceled No visa travel for Mexicans. That’s going to decrease Canadian dollar traveling down south. But even this did not change rate for Canadian dollars it keeps sliding down. Yes, and it’s become very expensive with Canadian dollar living in Mexico for me . Makes me revisit my cooking skills! Shop at the local organic Farms, and stay away from large supermarkets.

[@Anvilbanger]

Interesting and informative , as usual. Thanks!

[@slick3627]

This is an excellent video - highly important for people to understand the “why” behind this. Excellent research and presentation. Very few people understand the actual catalysts for this. I myself and very knowledgeable and still just learned a lot from this video which connect with other, stock market & currency related issues.

[@TangerineTravels]

Glad it was helpful, thanks for watching!

[@billbradley2480]

Y’all should move to Philippines. Exchange rate is 55 to 1 dollar.

[@gustavoperez5480]

Philippines is so far from the USA, is better option to go to Costa Rica, Ecuador, Perú and Argentina.

[@RedroomStudios]

doesnt matter what the exchange rate is - you have to reference prices to the exchange rate. you can get 3000 Colombian pesos to the Canadian dollar so by your logic Colombia is a better place to move to.

[@RedroomStudios]

@@gustavoperez5480 Argentina is close to the same distance as the Philippines. Costa Rica is expensive. Ecuador is facing internal violent revolution. the choices arent as easy as you make them sound.

[@gustavoperez5480]

@@RedroomStudios México is dangerous too,

[@alanmikaluk3268]

the philippines is great. If you are under 50 you can stay for 3 years on a tourist visa. my 2 bedroom condo is around $200 per month. most of the locals know enough english that you can get by too.

[@tejanodallas]

Remittances are in a vicious cycle now. Think about it: in 2020 you sent your family 6000 pesos every month at 20x1 exchange rate equaled 300 usd. Now, you have to send your family 360 usd, so they can receive the same amount of 6000 pesos a month. That is an automatic 20 percent increase in remittances to Mexico.

[@alejandroo8252]

hello You can put the subtitles in Spanish while you are in Mexico so you can share the bilingual

[@ernestomytv]

The problem at 6.21 the peso has been steady at 16.50 pesos per dollar for like 6 months.

[@1232bluejays]

Because the econom is getting stronger. They have gained a huge share of usa auto manufacturing

[@Dana-ie2bh]

That won't last though if Ford and GM don't improve their quality control in their Mexican plants.

[@1232bluejays]

Very true in the end you get the quality you pay for ​@@Dana-ie2bh

[@johnluke3425]

When are you going to get back to Going Out in the towns? And restaurants and cities

[@deddie4645]

Great info

[@mexicanspec]

Jordan, your chart on the remittances said million, not billion. Did I miss something?

[@TangerineTravels]

Yes, it was 16.9K million. Which is 16,900 million. Or 16.9 billion.

[@mexicanspec]

Ok thanks, I must have missed that.@@TangerineTravels

[@davidcollins8150]

Like those diffusors in the background

[@cesararias1983]

Why is Michael Cera making financial advises?

[@jenniferposton3869]

Did I hear you mention somewhere that you have a second KZbin channel with investment information? If so, where can I find that?

[@seansaca]

Great video. The April 2020 rate was only around for 3 or 4 months. I'd probably base my COL calculations off of the last consistent rate of 20MXN. That would still be a 25% increase in COL.

[@TangerineTravels]

Yeah, I was cherry picking a date there to illustrate my point that the exchange rate can substantially effect how much money it takes to live abroad.

[@1vagabundo962]

In 2010 the dollar exchange rate to pesos was 12.6 ,so we're heading that way. A lot of good things are going on in the Mexican economy. The people have money to spend, more jobs,the federal government is spending a lot on infrastructure.If this trend continues on the next administration the peso will gain in value. In the near future México Will stop selling it's oil to the USA,and buying gasoline.

[@pinkworld9384]

Is your wedding this month? In March?

[@TangerineTravels]

It's next month

[@Radio280]

How much pesos 2 people need per month to live on without paying rent?

[@callenthewise]

do you have mexican banking? i would like to learn more about this. as well as credit cards with good rewards in mexico? does that exist?

[@philschiavone101]

I have been exchanging dollars to MXN even before there was an MXN. The dollar needs to go to 3 to 1 just to be where it was in the 90’s. Before that the dollar was worth 3000 of the old peso. So, historically the dollar still is stronger than the peso.

[@HenryWebb-t4b]

What professional certification does this guy have in Financial International markets or economics? He is speaking gibberish!!

[@bennyshemi]

Quite the spike after covid when the borders were opened

[@RedroomStudios]

the borders and travel were always open to Mexico during covid.

[@lettruthprevail9820]

Wouldn’t the peso continue to improve since number 2 and 3 haven’t changed and probably is increasing?

[@Dd-760-]

Not anymore

[@johnrode7109]

Thank you just got back from Mexico and found it costly

[@aldrintorres8624]

if you are leaving in Mexico with a $40K pesos per month, there is lot of room of improvement to decrease expenses. Better learn how to be more efficient in expenses :-) just saying

[@uriel_in]

I miss the vlogs 😢

[@dwalker6868]

Thank you for the information

[@victorortiz1387]

How about Foreigners start paying taxes in Mexico if you are working from mexico, i think that would be a good Idea.

[@Likeaworm]

Mexicans being hypocritical about globalization and immigration will always crack me up. Your countrymen set the precedent for mass migration in the 21st century and now it’s happening to Mexico. Enjoy, what goes around comes around.

[@RonieNerbes-mt9ko]

I Love Jonna Napire 💜💚❤ March 26, 2024

[@rkbelmont1138]

But prices never drop. Becuse we go yrough greedflation everywhere.

[@andrewmckenzie7969]

Too expensive time to go to other destinations

[@leticiacorona5902]

You are totally wrong. With this new President, we have a stronger economy and that’s why the peso is strong. More programs that give money directly to the people. Stronger infrastructure new trains, new airports, new airlines, new universities, new schools, free public healthcare free medicine, new agriculture programs like free fertilizer for farmers, interest free loans for farmers, scholarships for young people going to school, direct payments to young people who don’t go to school and do not work but becomes a trainee for any business, they get paid. Construction of new hospitals, new Isthmus train and roads, new oil refineries, better minimum wage, doubling pension and giving it to everyone! There is so much more this President has done and that’s why the peso is strong!!!!!

[@albertsanchez-alvarez195]

Let's poke holes on your three reasons. 1. Higher yield. If this were true and venezuela, argentina, turkey would all have strong currencies as their pain much much higher rates. BUT That is not happening because they're currencing are collapsing. 2. Remittances This is nothing new to Mexico. This has been going on forever. However, lately, migration to the united states is at zero and trending towards a negative. Increase in wages in the united states may have more to do with increase and remittances than migration. 3. Digital nomads. Bro come on seriously digital nomads. If Mexico is getting so expensive to live in, why don't they go? It'll be vietnam, bali This was quite frankly. This doesn't make sense unless you give us actual numbers of digital nomads. And how much money they're making so that we can get an idea of their economic impact. Remember Mexico has the 10th largest economy in the world. Read the book by P Zeihan THE END OF THE WORD IS JUST THE BEGINNING. Hint deglobalisation = near shoring

[@patrickrex6230]

The interest rate of the national bank HAS to be HIGHER than the inflation rate.

[@kn_oficial]

USA has been printing a lot money and Mexico doesnt, Mexico has not become devaluated.

[@TangerineTravels]

Take a look at Mexico’s money supply. They have doubled their money supply in just 5 years

[@eljefe5858]

​@@TangerineTravelsbut thst is due the money inmigrants send. Not for fiiancing gob spending.

[@troyano372]

Gooo Amlo...our best Presidente

[@jonadr5563]

Lame huevos

[@Dana-ie2bh]

Money laying in the corner... USS (X}

[@bradyg6754]

Buy BTC. It’s the best asset

[@DanielVargas-yh8dz]

The fortachon peso, AMLO president, Claudia S. future president, México will be economy ten in 2024.

[@lrheimpel]

I will give you 2 more. One is there is more poor people, so they demand less dollars or products that require dollars to be brought to Mexico. The other is an expansion in what people in the US send to Mexico. A lot of the increase is drug money laundering. In the old days the money american drug users paid to dealers would be brought to Mexico in suitcases. Banks took it, counted it and deposited it. A friend of my mom worked in a bank and her job was to count dollars packed in 10 or 15 suitcases each day. Then banking laws were changed and that stopped. They way they do it now is by paying an american (or legal resident or an immigrant able to send money) a % of the money sent to someone in Mexico who gets another % for receiving the money converted to clean pesos and giving it to the drug cartel.

[@geraldarnoult]

I have a problem with the admittance becouse dallors also go into Mexico from Americans who live In Mexico and retired Americans who live in Mexico and other foreigners, like Canadiens and Europeans, the U.S. dollar is sent to Mexico for Americans retired in Mexico, that's also remittance, an Americans has to contact the U.S. embassy for the paperwork to have there S.S. and retirement funds electronic transferred from the U.S. to a Mexican bank account, deep in Mexico for where they live for there deposits, those Americans can be counted becouse there is a paper trail with the U.S. consulate counted by the embassy, an American cant just open a bank account without the paperwork, image all the hiding money and tax evasion, so the banks and financial instructions work together on that, lots of Americans who live in Mexican border cities are earning dollars in the U.S, that's why the border wait is long, what is counted and what is not counted, its not just a Mexican citizen that send remittances to Mexico, report say numbers like there's 1.5 million Americans living in Mexico, that can be counted becouse of the embassy, most American living in border city's are not registered with the U.S. embassy, there has to be at lease double that population of American and also other migrants form other countries living in the republic of Mexico and in those border cities today, few Mexicans are crossing the border illegally to work, there's lots of remote work online and lots of jobs in Mexico, they can make jobs, lots of entrepreneurs in Mexico, a taco stand, venders, even a shoe shining work for themselves, there's remittances coming from different sources not just from some so-called illegal alien working in the U.S. and sending money back to there families in Mexico, Americans and legal aliens (green cards) also send money to Mexico for different reasons back to Mexico, Mexican citizens who live in Mexico legally, green cards holders, American citizens and other migrants like from Canada and Europeans and the U.S. for S.S. retirement and pensions Mexicans working in The U.S. is not going to collapse Mexico for know remittance there's a lot more to Mexico then remittances what is your response to this?

[@nicg9904]

Better advice: don't go to Mexico 😂

[@joe3009]

Wrong more like go to Mexico and get away from DIVIDED AMERICA!

[@PidySanchez]

It's called Dedollarization.Bricks country no trade in U.S.dollar.

[@LaloFlores]

#1 AMLO

[@dgaydos]

Gotta say though, the number one way to save when the peso rises is to live simpler. Downsize in various ways, choose less ostentatious lodging/housing, eat more street food and home food prep, bus and colectivo travel instead of car rental or flying, more walking and biking rather than paying for taxis, less alcohol consumption(good for you too!) and enjoying more of the simple pleasures rather than more expensive entertainment options. Follow the lead of the Mexicans themselves, live more like a local and less like an overconsuming gringo :) PS. Oh, and the south of the country is still so much more affordable (and fascinating) than say, Querétaro or the usual ex-pat enclaves. I love spending my time in the states of Oaxaca, Chiapas, Campeche and Yucatán. Way easier to learn/improve one's Spanish there too!

[@luisguillen9887]

That is very true. My wife and I bought a small home Less than $40k, bought a small compact car, we cook at home when we are there. So no more renting apartments or airbnb, or rent a car.

[@ltdodgen]

I couldn’t agree more. There’s so much to love about Mexico that is still low cost or even free. Make adjustments to your lifestyles people!

[@orlymarq6238]

Well said.

[@the1andonly]

Good information. We are spending time in Mexico each winter. This year was significantly more expensive. We dealt with it by renting a place for two entire months and paying for it in two cash lump sums. We also cooked our own meals a lot.

[@mikiinajijic6763]

Yep! I had to move and now am paying twice as much rent for half as much space - and I still have a noise problem!

[@1232bluejays]

​@@mikiinajijic6763why bother even going then

[@misaelmtz.3089]

😂noise problem 😂 No matter where you go, you will be annoyed with a lot of noises, including the mosquitos 😂

[@patrickruvolo8427]

Well we bought our home in Mexico and the price has rocketed.

[@GerryBlue]

Whatever the reason it sucks for me, I work for a USA company in Mexico and get paid in Dollars, in the last two years I make less and less every month :(

[@ddavidson5]

For sure earning in one currency and spending in another makes you susceptible to exchange rate movements. Sometimes good and sometimes bad but currency risk is always there.

[@user-xl6vt7ev2s]

Need to renegotiate the exchange rate for next fiscal year.

[@Halcon_Sierreno]

So? You won't be able to buy cheap Mexican labor anymore. We're not in colonial times anymore. Pay Mexico its fair share. Us Mexicans are not your slaves.

[@teeonefifteen5944]

Have you considered working in the United States? It’s worst lmao 😂

[@bigd8754]

Hook it up with a job lol I wanna live in Mexico and make dollars

[@attattatt]

Just came back from a vacation in mexico (Guanajuato, San Miguel, Querétaro). I agree....mexico wasn't as "cheap" as i was expecting. It did appear to me that the mexican middle class is doing well. Lots of people out spending money.

[@cinocefalo284]

Pues asi esta el abarrote, y cuando ya no sea negocio vivir aquí: regrésese! Básicamente: se aclimatan o se aclichingan. NO hay mas!

[@paulc1014]

Short answer: start working for Mexican pesos.

[@drewski-qu3co]

Another reason peso is climbing, is friend shoring. Mexico is getting more of China's manufacturing, as USA buys closer to home.

[@TangerineTravels]

That's helping Mexico's exports and increasing exports makes your currency stronger. However, despite that increasing manufacturing, Mexico is still running a trade deficit during most months which is putting some pressure on the currency.

[@pdxbeaver]

It is the primary reason. Covid exposed supply chain risks in China and China is becoming more aggressive towards foreign businesses. Mexico wins from this.

[@claudiaskaggs538]

Sounds like the 80's and 90's in Colombia. Billions of dollars were floating around but it was mainly from the cocaine sales in the US. That's when Ex president Reagan declared the war on drugs, almost a million innocent people died down in Colombia.

[@XuXaX]

and the current peso rate helps the local industry becaus when they import resources 😄

[@squirrelattackspidy]

"Mexico is getting more of China's manufacturing, as USA buys closer to home." What does is getting more of Chinas manufacturing mean? Do you mean china is setting up manufacturing plants in Mexico, creating more jobs and stimulating the economy? What does as USA buys closer to home mean? Do you mean they are buying goods made the USA? How would that hurt the economy?

[@RedroomStudios]

you should feel lucky you arent dealing in exchange from Canadian dollars like some of us! close to hitting a 5 year low right now. I'm actually considering moving to another country...

[@Ara-ej3hk]

Please do it

[@anafera6421]

Adjust your lifestyle accordingly or move away then

[@dianags7623]

do it

[@thegoldendog7991]

I would consider a move as well, but f/x wouldn’t be the reason.

[@petrsal6856]

I want to warn you that in the future, the long-awaited collapse of the American dollar is expected, which will lose up to 90% and the Mexican peso will become even stronger. What will you do then when Mexicans are richer than Americans?

[@tarey05]

Exactly. The US dollar is toast! The peso will supersede it swiftly! 1 USD= 3cents

[@petrsal6856]

Right now, a dollar in purchasing power is fucking toilet paper. !Gloria A Los Carteles Mexicanos! @@tarey05

[@ba8898]

Make more money. Mexico isn't cheap, and it's no longer for those who want to lead a comfortable middle-class lifestyle on less than $2k a month. I recently got back from a few months in Merida and didn't find it any cheaper than Alicante, Spain - a major European beach-holiday destination with virtually no crime-related safety concerns. Having done a bit of research looking at rentals (not airbnbs) in various Mexican cities (Queretaro, Puebla, Guanajuato, Aguascalientes), you seem to be looking at 10k pesos minimum for something decent and modern. That's currently 600 dollars, and that's not including energy, water, internet.

[@anafera6421]

600-800 dollars for a decent and modern place to live is a steal, I don't see what the big deal is. Oh wait, you want something dirt cheap. You people make countries like Mexico more and more expensive by moving here, gentrifying, and bringing your dollars and euros thinking you're entitled to live like kings but have the audacity to complain of the rising costs 😂

[@patrickrex6230]

Great video again! I think the biggest factor is the bank of Mexico interest rate.

[@RedroomStudios]

Gawd, I wish my money was sitting in a Mexican investment account! almost double what I am getting in GIC's in Canada.

[@misaelmtz.3089]

I just came back from mexico I went just with the purpose of investing my savings at 14.75 %interes rate .

[@Jytimbalero4632]

IS IT GOOD TO HAVE FOREINERS VISITING AND LIVING IN OUR COUNTRY AND SORRY FOR THE INCONVINIENCE BUT ABOVE ALL EVERY GOVERNMENT REASONABLY SHOULD ALWAYS WORK FOR THE BENEFIT OF ITS OWN COUNTRY .

[@sophiavega1777]

Wow thank you for sharing you explained very well and easy to understand ...congrats living in Mexico ...

[@visulino]

The peso gets stronger, but many products, including groceries, (tuna cans, for example) are indexed to $20 for 1 dollar. So the super peso causes inflation in Mexico by itself! It's ridiculous. // I know because I use a US card in Mexico and many fees and products are charged at $1.15, $1.20, and they keep going up. They were indexed to $20 for 1 dollar, but they don't lower the dollar to $18, $17, etc. Someone is stealing the difference, and it's not the general consumer who benefits. My tuna can used to be $1 in my US card, now they are $1.20. In NYC you can get a tuna can for $0.80. So that makes Mexico more and more expensive.

[@qdullinflames]

We are experiencing the same. I am Canadian but I find that MANY items here are significantly more expensive than in Canada. We are too far down the Mexico rabbit hole though, my daughter goes to school here half the year.

[@mhfnet]

Yep imported items are a least 20% more expensive in Mexico than the US but things like property taxes and utilities are cheaper and because of lower wages services and eating out also. I figure overall my living expenses are about half the cost than in the US.

[@troyano372]

Inflation is down ..in Mexico..and now people are getting more money cus the minimun wages was ingrese around 120% en the las 5 years

[@jamesavakian4977]

​@@troyano372nope. 1600 pesos per week is what the factory and construction workers earn . Tacos whent from 12 pesos to 14 pesos in 18 months. Inflation is a problem and the strong peso only helps Mexican tourists visiting the US

[@rogergeyer9851]

Yet in the real world, just like the dollar, Mexican inflation has been dropping a lot in the past couple years. And over the past year, the Mexican peso has gotten stronger relative to the US dollar (re the exchange rate), so the strengthening is outpacing the inflation, at least relative to the US dollar. (On the internet, it's EASY to look things up with a variety of credible sources, vs. guessing.)

[@rafaelmaybury4275]

Although I am quite sure these are a few reasons! The main reason the peso is getting stronger against the U.S. dollar is due to inflation! This is caused by the U.S. Government is continuing to print dollars which lowers the value of the Dollar!

[@gerry9306]

Hi Rafa, is San Miguel a good city for expats?

[@TangerineTravels]

That's certainly causing inflation in the US but Mexico is doing the same thing which is also causing inflation in Mexico. Similar to the US central bank, the Mexican central bank has doubled the supply of pesos in the past 5 years.

[@gustavoperez5480]

​@@gerry9306" immigrants".

[@gringo848]

gold silver and Bitcoin are good investments for the falling dollar.

[@joellelau-hansen3344]

But the grocery store won’t take it!

[@hiruu]

Everything has cycles. I was just talking to a local yesterday and a lot of ppl in TJ are expected to pay in USD, rather than pesos for rents, for example. So They are definitely feeling the pain, far worst than Xpats. I suspect a hard correction will be coming soon, as Mexico is getting too expensive to justify the logistics of going/stating. It’s still cheaper, but when all things are considered, I think a some ppl might not want to be bothered.

[@juventinorodriguez3639]

Another reason that the peso is getting stronger is because with the current president Mexico has a true democracy.

[@mitchellreardon1980]

Ja ja ja ja te falta calle

[@vital4644_]

​@@mitchellreardon1980 lol called it since 2020! Canadians seen in too, they bought many properties since 2015 and bk 😂 I understand why Mexicans hate Mexicans.

[@rodrigodiaz1321]

Are you serious?

[@vital4644_]

@rodrigodiaz1321 yes! 😃

[@vital4644_]

@rodrigodiaz1321 mexicans aways fail to see the future! Chinese see great opportunities in mexican and have plans running! Unlike mexicans that fail to see this and question why the peso is getting stronger! Canadians seen this great opportunity bak in 2015 from my research. There are many factors that contribute to not been able to the potential mexico has when you are constantly worrying about daily life tbh. While mexican society is rich and beautiful, they have the idea of colonial mindset, about similar as afro American victim mindset. I will say that mexicans can get out of problems and continue life like nothing happened. In conclusion, mexico is the wild west, survival of the strongest and influential figures! Social status determines you position in life. While in the United States is similar, the United States is more diverse, and we have learned to not judge a book by its cover, discrimination is les pronounced, unless there an emotional connection with a certain group política or based on life experience.

[@mariac.362]

What is happening with you two are you guys ok? Haven’t see any new Videos of you .

[@missmary.foodconsultantand9174]

Thanks but a bit still confused.

[@feonix138]

I going the other way this week

[@juanel153]

we went to Spain last September, a breakfast for 2 was 16.00 dollars and we just arrive from Chapala ,breakfast bill was 35 dls cheaper one was 23 dls, at Spain our must expesive was 25 dls, Portugal is less expensive

[@carm2453]

C'mon guys, it's just a couple of pesos less than previous years. Don't cry over this while we have been enduring years over years of a real weak currency.

[@mhfnet]

You can also invest in the EWW ETF that invests in Mexican stocks, which is more focused than a broad international ETF. You can also invest in currency futures or FOREX but that's a lot more riskier and difficult.

[@fabianpastrana9009]

Short lived.

[@margaritagarcia6744]

So what about people that live in Mexico prices are up these people don’t get paid in dollars.

[@DiamanteKlopman]

This is a great part of why i follow this channel, your perspective on exonomics is always a great value addirion to the traveling scene. Thanks alot.

[@firebirdgv]

Thats old news. That has been going on since the early 80's. People in mexico back then will buy and sell dollars on the streets. Way before computers and cell phones existed.

[@rulas1000]

DONT FORGET MANY OF US BOUGHT PROPERTIES IN MEXICO AND WE MAKE THE MONTHLY PAYMENTS IN DOLLARS, I THINK MEXICO SEES THAT AS REMESAS TOO.

[@frankornelaz8234]

Great suggestions.

[@hfk1001]

Outstanding video Jordan, thanks

[@tarey05]

The value of the US dollar right now is 3cents.

[@Grandpa_RLP]

If the USA starts taxing those remittances as much of it is cash earnings where income taxes are not paid the remittances will decrease or the USA will somewhat level the playing field between cash workers and employees paying full taxes.

[@squirrelattackspidy]

What's a remittance?

[@gildardoenriquebarajas4540]

Double tax income? Crazy!! It’s like if you sent your mom or relatives money to another country, let’s say you work in the USA and your mom lives in Portugal and you send her a monthly 500 dollars to supplement her living, so your taxed income will be taxed again as steeply as your income just to send it to your mom and let’s not forget that there are always transferring fees. You can’t think clearly or refuse to think clearly, you also think that the millions of citizens sending money don’t pay income taxes. You smell like a racist

[@MrTachyon]

@@squirrelattackspidyIn this video the remittances they talk about are money that is sent typically from Mexicans in the USA to relatives in Mexico.

[@Genesis95-]

Your people don’t pay taxes in Mexico neither so quit btchng about taxes.

[@Grandpa_RLP]

​@@Genesis95-Special kind of stupid aren't you boy. My people pay your sales tax on everything and do not work full time jobs in hiding to not pay taxes. In USA it is common for Mexicans to work full time for cash to avoid getting deported and most importantly to avoid the taxes to the government who gives handouts to most countries in the world. When Mexico starts helping all the other countries in the world with their problems come let me know.

[@Benin780]

Welp, in September 2024 this did not age well. $19.50 is the exchange rate im getting so I'm guessing the judicial reform turned the tide sour

[@richardc488]

Are you headed back north then?

[@dmlifestyle9788]

Hey Jordan, really enjoyed the video today on the week and in US dollar in the strength of the bezel and the additional information on how to better equipped yourself when the peso goes up. I used to have a site that I reviewed in the morning so that I can monitor when the peso is going up. When I purchased my new device, I lost some information and one of the links that I lost. Was that one. Do you have an app that you know of or a site that I could go to to monitor as the password goes up and down? Again, Jordan thanks for all your Contant good great Contant.

[@elchaposexcitingadventures1674]

The strong peso is going to kill the economy here. What goes up must come down.

[@rogergeyer9851]

With respect, the dollar overall, re the DXY, has been rather flat for years. Yes, it moves around a bit in the short term, but over time it has been staying quite flat over time the past two years, and has risen a little over the past five. So the issue is the Mexican Peso being strong relative to global currencies overall, NOT just the USD. So to me, your recommendation to buy an international fund as a hedge against the rising peso makes little sense. It seems to me it would make FAR more sense to buy Mexican bonds or opening a Mexican bank account paying the high interest rates you cite, AND reaping the gains in the Mexican Peso, if you expect those to continue. The main issue there is if those are safe / insured, and I freely admit I don't know. But if you're going to be giving advice re Mexican living, YOU should know or be able to find out.

[@ronzombie6541]

America bought into the idea of a service based economy and let manufacturing walk. Lots of shoreline to facilitate shipping and lots of money flowing back into Mexico from abroad helps it strengthen it's economic position.

[@MEXICOAK47]

5 items in Walmart = $30 to 50 $😢

[@JorgeChicago1]

Buy some chickens 🐓 have them lay eggs 🥚 and sell them it’s that easy endless supply of pesos and dollars my boy 👦

[@GeminiOneFive]

The Royalty companies have performed as poorly as the miners over the last couple years

[@TangerineTravels]

Their stock prices have performed poorly. By all other metrics, they have performed very well. Their free cash flow has gone up, their debt has gone down, their cash holdings have increased, and their net asset value has increased. In fairness, most of them were probably priced too high a couple of years ago but this is a circumstance where you have a chance to buy very high quality companies which are run by great people at a deep discount. It's a no brainer.

[@Dana-ie2bh]

@@TangerineTravels Most of them are priced too high now and poised for a pullback, albeit in an uptrend. TIMING is EVERYTHING.

[@TitaMomo2020]

And how do i buy into this? How do i cd / invest for a bite of the cake?

[@slackerguy503]

HYMC is a good mining company to look into...

[@joenroute9646]

It is not only towards USD but also CAD

[@kellyncarter4406]

15 years????? what were you 6? Weren't you watching Nick Jr? :) Very interesting my son is working at a mining company in Thailand for an american acounting firm, as an auditor......so wow!

[@Iraqveteran-ke6qu]

That’s very interesting. When I rented a car the other day, they gave me 18.5 pesos to my dollar.

[@luisguillen9887]

Where was this?

[@Iraqveteran-ke6qu]

@@luisguillen9887 mex rent a car.

[@TangerineTravels]

I'm curious too. I've never heard of that good of a rate relative to the current exchange rate.

[@Iraqveteran-ke6qu]

@@TangerineTravels Also, last year when the peso was $18, I used US currency to buy ice cream at a Thrifty location and the rate they gave me was $20 pesos per dollar. I guess we just need to do some shopping around due to the majority of exchange places holding out.

[@sergioalvarez8623]

Mexico 🇲🇽 USA 🇺🇲 and Canada 🇨🇦👑👑👑❤️❤️❤️

[@cindyk3076]

Very interesting, thank you.

[@midnighttrader2180]

Great video

[@Jay-s8x7f]

Hi. Why should I learn Spanish in the United States, when everyone speaks English ? Thanks to anyone who can answer !

[@NeighborhoodChamber]

That shirt hurts my eyes