BY Alexandra Mendoza
The Mexican peso’s depreciation has hit the pockets of border residents.
While the purchasing power of people south of the border has declined due to the devaluation, businesses north of the border have also felt the effects, as many of them depend on these customers to a great extent.
This week, the U.S. dollar reached a historic high of nearly $18 pesos per dollar at currency exchange counters, a depreciation of approximately 17% in the value of the peso versus the previous year.