### Dollar Expected to Close Year at 20 Pesos, Expert Estimates
For the remaining months of 2024, the exchange rate is anticipated to hover around 20 pesos per dollar, forecasts Olivaldo Luis Paz Gómez from the Association of Exchange Centers in Tijuana. Currently, in various exchange houses within the city, the U.S. dollar is averaging between 18.20 pesos for purchase and 18.60 pesos for sale.
“I don’t think it will return to 16.80 or 15.90 that we saw three months ago. Not anymore,” commented Paz Gómez.
### Economic Stability Despite Global Fluctuations
Paz Gómez noted that volatility in the exchange rate has stabilized recently, especially after last week’s global market collapses. “This dollar situation isn’t because of what’s happening in the United States; it’s because of what’s happening in Asia. There’s a lot of fluctuation in the markets over there and it’s affecting us,” he explained.
### Steady Demand, No Panic Buying
Contrary to potential speculation, Paz Gómez dismissed the notion of “panic buying” of dollars, explaining that demand for the American currency has remained steady throughout the year. “The market is fine. What is bought is sold. It’s normal; there is no panic buying. People are calm and understand the fluctuations,” he added.
### Seasonal Trends and Predictions
As the year-end coincides with the holiday shopping season, Paz Gómez ruled out a significant spike in dollar demand, also not expecting a considerable increase in the dollar’s value. “Over the past six years, the demand hasn’t increased; before, we were cautious in December due to high dollar requests. But now, there are times the exchange rate even drops during the holiday season,” he concluded.
### Secondary Article: Global Influence on Local Markets
#### Inhibition of Foreign Investment and Potential Dollar Surge if Trump Returns
Economists suggest that a potential return of Trump to the presidency could inhibit foreign investment and lead to an increase in the dollar’s value. Tensions and policy uncertainties could create ripple effects that are felt globally, including in local currency exchange markets.
### Price Fluctuations and Border Consumers
Variations in the dollar’s value also significantly impact border consumers. Price increases due to exchange rate fluctuations can affect everyday purchases, underscoring the interconnectedness of global and local economies.
### Notable Local News
– **Human Remains Discovered**: In Urbi Villas del Prado, authorities discovered charred human remains at an illegal dumpsite.
– **Baja Beach Fest Impact**: The music festival boosted hotel occupancy in Tijuana to 100% over the weekend, significantly up from previous rates of 50-70%.
– **Health Worker Payment Delays**: Administrative adjustments have delayed salary payments for employees transitioning from state health services to the federal Imss Bienestar program.
Stay tuned to TJGringo.com for more updates on local and international news.