Robert07
Member
Yes, it’s definitely a double-edged sword. On one hand, a stronger dollar can be good news for anyone who has savings in foreign currency or for tourists who want to visit, it suddenly makes the city feel “cheap” again compared to just a few months ago. That usually brings a boost to tourism, rentals, and some parts of the economy.
But on the other hand, for locals who earn in pesos, it’s tough. Prices often adjust quickly to the new exchange rate, while salaries don’t, which makes the cost of living even harder to keep up with. We’ve seen this cycle repeat many times, and while it may benefit foreigners in the short term, it also deepens inequality locally.
Hopefully, at some point there’s a more stable balance, where the economy is attractive for visitors but also fair and sustainable for the people who live here year-round.
But on the other hand, for locals who earn in pesos, it’s tough. Prices often adjust quickly to the new exchange rate, while salaries don’t, which makes the cost of living even harder to keep up with. We’ve seen this cycle repeat many times, and while it may benefit foreigners in the short term, it also deepens inequality locally.
Hopefully, at some point there’s a more stable balance, where the economy is attractive for visitors but also fair and sustainable for the people who live here year-round.
