• Glenn Wilson
    81
    Qroo Paul wrote: No one can dispute the fact that the Coronavirus has had a rapid and profound impact on the economies of countries across the globe.

    Stock prices have fallen and the value of the U.S. dollar has risen sharply relative to the value of other currencies, especially against the Mexican peso.

    On March 24th, the Mexican peso dropped to a historic low against the dollar: $25.17 MXN. For comparison purposes, the exchange rate on February 18th of this year was $18.55 MXN.

    That probably doesn’t mean much to our readers outside of Mexico who are focused more these days on trying to find toilet paper — but it should mean a lot to American retirees living in Mexico on a fixed income originating from the U.S. (e.g. social security) because they suddenly have a lot more buying power. ...

    Read the whole post from Qroo Paul at For American Retirees Living in Mexico, This Could Be an Ideal Time to Make a Major Purchase. More #QrooPaul.

    More in the category Finance and Legal.

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