What will happen to the dollar in 2024?

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What will happen to the dollar in 2024? On the foreign exchange market horizon for 2024, expectations about the behavior of the US dollar relative to the Mexican peso are the subject of economic analysis and forecasts.

Economic analysts suspect that the The peso-dollar exchange rate could be around 19 pesos for greenback for next year. This forecast contrasts with the most optimistic estimates Mexican government, which gives an average value of 17.10 Mexican pesos.

Various factors play a role in this exchange equation. Potential risks include the continued existence of Inflation in the United States and possible Interest rate hikes by the Federal Reserve They could strengthen the dollar and put pressure on the exchange rate against emerging market currencies such as the Mexican peso.

The Possibility of a recession in the United States or a significant one Economic downturn It is also among the scenarios that could weaken the Mexican peso.

What will happen to the dollar in 2024? | Predictions against the Mexican Peso. / Debate

Furthermore a lower economic activity in Chinawhat affects foreign demand and hits Mexican exporters could have an impact on the exchange rate.

In a panorama of uncertainty is the geopolitical tensionssuch as B. Conflicts between Israel and Hamas or between Russia and Ukraineare considered elements that could lead to episodes of volatility in global financial markets and affect exchange rate stability.

The year 2024 is presented with additional political context, because there will be one Presidential elections in Mexico and the United States.

This factor may contribute uncertainty and add an additional layer of complexity to the forecasts Foreign exchange market.

The Ministry of Finance and Public Credit (SHCP) indicated in the 2024 economic package that, according to its estimates The exchange rate could be around 17.10 pesos against the US dollar, End of the election year at 5:60 p.m.

However, it is important to remember that these are forecasts and that the exchange rate is subject to supply and demand dynamics, which may vary depending on the international environment.

And The more expensive dollar primarily affects importersreduce their profit margins and sometimes pass upward adjustments on to consumers.

The people who plan travel to the United Stateswhether for business or vacation reasons, are affected as they need more Mexican pesos to purchase a US ticket.

In contrast, this is Families receiving remittances From the USA, they benefit from a higher exchange rate, as each shipment from the neighboring country is converted into a larger amount of Mexican pesos, which has a positive impact on their finances.

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Journalist with more than 15 years of experience in print and digital publications. I am currently the editor of Debate.com.mx. I have a degree in communications. I covered a variety of sources of information, especially from the business areas. I typically write about personal finance, retirement, pensions, employment, money, currencies, credit, entrepreneurship, insurance, technology, science and scientific studies in areas such as health. I like social networks, reading about marketing, SEO and literature, especially topics related to politics and history. In 2018 I had to found mibolsillo.com and have since ventured into digital journalism.

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