In this time of fluctuation of the dollar we constantly ask ourselves what is going to happen. Will the peso continue to devalue the dollar until it exceeds 18 pesos per dollar? Should I invest my money in dollars?
To reach financial investment conclusions, it is necessary to see and analyze the panorama that is currently being developed and more than anything, see what has happened in recent months. The world political and economic situation must not be lost sight of, which has led to the fall of the markets.
Causing unprecedented economic instability
Greece and China have made theirs on the Stock Exchange, causing unprecedented economic instability. The fall in the price of oil has caused the Mexican mix to reach alarmingly low prices, helping to devalue the peso against the dollar.
And on the other hand, the US, which has regained confidence in its currency, currently has the lowest unemployment rate in recent years and seems to be recovering from the recent economic crisis. This has caused the dollar to strengthen and the peso to depreciate against such currency. So, is the right time to invest my money in dollars?
Yes, no and when to invest my money in dollars
The answer is no. Due to the fluctuation of the price of the dollar against the weight, it is likely that the weight will eventually regain ground.
The price of the dollar exceeded 17 pesos per dollar. However, as of August 31, 2019, the price fell a little to 16.80-16.90 pesos per dollar. All this means that the fluctuation of the dollar price keeps changing. It would be a big risk to invest in dollars today when you don’t know where the dollar price is going.
The ideal scenario for investing in dollars is when the price of the dollar against the peso is down. It is at that time when you must buy or invest and eventually, when the price of the dollar rises, recover the investment.
Currently investing in dollars is very risky
If purchased at this time it is likely that in the future there will be losses once the dollar price stabilizes. Always, when wanting to make an investment in dollars, it is necessary to take into account the complete scenario of what is happening, in Mexico and in the world.
Any minimal mismatch that may exist will create a domino effect that will harm (or rarely benefit) the Mexican economy. Invest in dollars when the price of the dollar is down. So, when you are high you will get more profits.