Mexico's stronger peso cuts the value of remittances from the US

Boards displaying the exchange rate of the Mexican peso against the U.S. dollar are pictured outside exchange houses in Ciudad Juarez, Mexico July 27, 2023. REUTERS/Jose Luis Gonzalez/File Photo [1/5]

TLAXCALA, Mexico, July 31 (Reuters) – Mexican mother-of-two Adriana Sanchez frets the $300 or so a month her husband sends from the United States will no longer cover family expenses as a sharp appreciation in the peso currency and nagging inflation crimp her budget.

Mexico now takes in nearly $60 billion a year in remittances, mostly from the United States, making them a pillar of household spending in a country […]

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By Donato