The depreciation of the Mexican peso generates uncertainty and concern among the population.

The recent fading of the phenomenon of the Mexican 'superpeso' has left many analysts and citizens in a state of uncertainty. The Mexican currency, which had shown a notable appreciation at the beginning of the year, has experienced a 16% depreciation against the dollar since the day before the elections on June 2. This abrupt change in the exchange rate, which closed on Tuesday at 19.71 pesos per dollar, marks a return to levels not seen since December 2022, when the currency was significantly stronger. The situation is further complicated by the fact that, in some currency exchange offices and bank branches in Ciudad Juárez, the dollar is already being sold for over 20 pesos. This phenomenon has undermined the achievements of the 'superpeso' of 2023, which had closed the year at 16.96 pesos per dollar, representing a record appreciation of nearly 13%. Undoubtedly, this depreciation has generated a wave of concern both in the markets and among the population. Analysts point to a combination of internal and external factors that have contributed to this situation. Alejandro Sandoval Murillo, president of the Mexican Institute of Finance Executives in the Ciudad Juárez Group, mentions that volatility in international markets is a key element. Global tensions, such as wars and the trade war between the United States and other nations, have created an unstable environment that affects confidence in the Mexican currency. However, it is not only external factors that are influencing this depreciation. Reforms pushed by the Mexican government, particularly in the judicial sphere, are also generating unease. The proposal for popular elections for the judiciary has raised doubts about political and economic stability in the short and medium term. These concerns have intensified with the recent composition of Congress, which could favor the approval of reforms that directly impact the economy. The fall of the peso has direct repercussions on the daily lives of citizens, especially those residing in border areas like Ciudad Juárez. Elizabeth Villalobos, president of the National Chamber of Commerce (Canaco) in the city, has pointed out that merchants are feeling the impact in both directions. On one hand, the rising dollar increases the prices of products consumed at the border. On the other hand, there is also the possibility that more tourists will cross into Mexico to take advantage of the price difference. Citizens who cross the bridge to El Paso, Texas, on a daily basis have expressed their concern about the depreciation of the peso. Sandra Rascón, a regular shopper at the border, stated that the situation significantly affects their wallets. Those who work in the United States and spend in Mexico may benefit from the situation, but those who rely on shopping on the American side feel the impact of the depreciation. The current environment presents a challenging outlook for consumers and merchants, where uncertainty looms over the economic and political decisions of the country. The evolution of the currency and its impact on the cost of living becomes a daily concern, as families and businesses must adapt to a new economic context. On the other hand, the future of the 'superpeso' remains uncertain. The decisions made by the new Congress and how the government manages the proposed reforms could define the course of the economy in the coming months. The involvement of financial and economic experts will be essential to monitor these changes and provide recommendations to the population. Meanwhile, citizens continue to deal with the immediate consequences of the peso's depreciation, seeking the best way to adapt to a constantly changing environment. The Mexican economy is facing a critical moment, where the balance between stability and uncertainty is more delicate than ever. How the government and society respond to these challenges will determine not only the future of the peso but also the quality of life for millions of Mexicans.