In recent news, the dollar has weakened over the last year, causing the Mexican peso to remain strong against the US currency. This has left many individuals wondering whether to buy or sell dollars in order to take advantage of the exchange rate. Currently, on the northern border of Mexico, the US dollar can be exchanged for up to 17 pesos, a rate that has not been seen in years.
Experts suggest that now may be a good time to buy dollars and sell them at a later date when the exchange rate may be more favorable. With the peso performing well against the dollar since 2018, investing in currencies could be a wise move. However, factors such as inflation and the possibility of the dollar continuing to fall in the future must also be considered.
Buying dollars can serve as a way to save money and could potentially be a good form of investment, especially in a small proportion. Before making any decisions, it is important to carefully analyze the options and risks involved in buying and selling dollars. With the uncertainty surrounding the future of the dollar, individuals must be prepared to make informed decisions when it comes to currency speculation.