Pemex's Predicament: Energy Challenges Threaten the Peso, Yet Rising Oil Prices May Provide Relief
Mexico attracts tourists with its sunny beaches and rich culture, positively affecting the peso. Tourism revenues hit $28.6 billion in Q3 2023, marking a 12% year-on-year increase, a direct boost to the peso from international visitors. However, tourism's seasonal nature means visitor numbers—and the peso's strength—may dip during off-peak seas