Thanks to Trump, Travel to Mexico Is Cheaper in 2017 Brittany Jones-Cooper - Yahoo!
go to original January 6, 2017

Drone View of Whale Season in Cabo, San Lucas, Mexico (Drone of the Day)

Only time will tell how President-elect Donald Trump’s policies will affect the daily lives of Americans. What we can see immediately, however, is how his policies are affecting certain aspects of travel.

With Trump’s election, the Mexican peso has been a notable loser. In the past year (after the presidential campaign began in earnest), the dollar gained 20% vs. the Mexican peso. Traders have been worried over Trump’s aggressive policies toward our neighbor to the south. The incoming president has called for an overhaul of the North American Free Trade Agreement, and has famously called for building a wall along the US-Mexico border.

The peso dropped 2% on Wednesday, after the Federal Reserve released minutes from its December meeting. The Fed outlined the possible need to increase interest rates if the economy grows rapidly under Trump.

Tensions are high on the economic front, but the silver lining for American consumers is that a weaker peso means travel to Mexico will be more affordable now.

The value of the Mexican peso has been tumbling against the dollar. In the beginning of 2016, $1 would get you around 17.25 pesos. Today, it gets you over 21 pesos.

Read the rest at Yahoo!

Related: How to Travel Abroad in the Age of Donald Trump (Newsweek)

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