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From 1981 to 1982 the international panorama changed abruptly: oil prices plunged and interest rates rose. In 1982, López Portillo, just before ending his administration, suspended payments of foreign debt, devalued the peso, and nationalized the banking system, along with many other industries that were severely affected by the crisis, among them the steel industry.
The Mexican peso is the 16th most traded currency in the world, the third most traded currency from the Americas (after the United States dollar and Canadian dollar), and the most traded currency from Latin America. [5] As of 2 January 2025, the peso's exchange rate was $21.16 per euro, $20.62 per U.S. dollar, and $14.28 per Canadian dollar.
This is the map and list of American countries by monthly net (after taxes) average wage.The chart below reflects the average (mean) wage as reported by various data providers.
The use of formal methods by individual immigrants and workers in the U.S. has been increasing over the last decade, this can be attributed partially to a sharp decline in the average cost of formal money transfer systems, brought about by increased competition as more and more companies now offer their own international money transfer services.
More Americans and foreigners have gone to live and work in Mexico City since the pandemic, raising criticism about the effects on prices for local residents. More Americans are living and working ...
Mexican officials announced Tuesday what they claimed was $20 billion in new foreign direct investment in Mexico, but much of that was neither new, nor completely certain. Investor confidence in ...
According to Mexico's Central Bank, Mexican residents received $58.5 billion from people residing in the U.S. in 2022. And with so many people sending and receiving money between the two countries,...
Foreign enterprises employed significant numbers of foreign workers, especially in skilled, higher paying positions keeping Mexicans in semi-skilled positions with much lower pay. The foreign workers did not generally know Spanish, so business transactions were done in the foreign industrialists' language.