Mexican Peso Crashes as Peña Nieto Cancels Meeting with Trump

Dollar Mexican Peso Chart

“Hey, lookee this,” said Jim hearing the news on TV. “Remember, when we first came here a dollar was worth eleven and a half pesos?”

“Yeah,” I answered.

“Well we’re getting a bit richer now as one dollar is now worth over twenty pesos,” said Jim.

“Geez, Jim, we’re gettin’ about double the pesos for our social security checks than when we came here!” I answered.

“MaryAnn, Seems the peso dropped a lot after Mexico’s president, Enrique Peña Nieto, had his meeting canceled with Trump who said, ‘The U.S. has a 60 billion dollar trade deficit with Mexico. It has been a one-sided deal from the beginning of NAFTA with massive numbers of jobs and companies lost. If Mexico is unwilling to pay for the badly needed wall, then it would be better to cancel the upcoming meeting.'”

“Yeah, Jim that’s not just a super deal for us, but for all Americans living in Mexico.”

“And even for tourists,” answered Jim.

“Think Trump is gonna build the wall, Jim?”

“Shucks, what do I know about that—just happy to be gettin’ 21 pesos to the dollar, instead of 11, back when,” laughed Jim. Here, listen to this, “Peña Nieto said, “I regret and reject the decision of the US to build the wall.”

“Who knows,” I said, “Anyway wall or no wall we got our Sentri passes and can always make it to America in ten minutes.”

“You betcha,” answered Jim.