NAMI News
The latest trinational news.Thursday, August 07, 2008
Drooping dollar makes Mexican vacations more expensive.
USA Today, August 7, 2008 - “The plunging U.S. dollar has already forced many Americans to give up vacations in Europe. Now, the dollar has lost nearly 10% against the Mexican peso since January — meaning that beach trips to sunny spots south of the border are becoming out of reach, too. The dollar’s value had been stable for years in Mexico, even as it fell against other currencies such as the euro. The shift could have a significant effect on tourism and the $347 billion in trade between Mexico and the United States.” Read more.
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