Re: Cost of living and its effect on immigration
[ QUOTE ]
EDIT: Though the USD/peso exchange rate is almost exactly where it was in January.
[/ QUOTE ]
If the dollar ever completely tanks, the peso will likely quite intentionally tank with it. It's far more advantageous to Mexico to devaluate their own currency to match us than it would be to suddenly lose, say, 25% of the value of their foreign remittances.
|