Mexico Remittances Buy Less and Less Due to Strong Peso.

REMITTANCES; PURCHASING power; MEXICANS

Mexico's peso is the world's strongest major currency this year, with a 14% appreciation versus the dollar since the start of January. (Bloomberg) -- Remittances may be about the hit a record in Mexico, with dollar inflows expected to surpass $60 billion this year, but their purchasing power is dropping quickly due to the strength of the peso and persistent local inflation, according to Banco Base SA. [Extracted from the article]

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