## Dollar Expected to Close at 20 Pesos by Year’s End, Expert Predicts
**Tijuana** – For the remaining months of 2024, it is anticipated that the exchange rate will hover around 20 pesos per dollar, according to Olivaldo Luis Paz Gómez, a member of the Tijuana Association of Currency Exchange Centers.
Currently, the greenback is trading at an average of 18.20 pesos for buying and 18.60 pesos for selling at local currency exchange houses.
“I don’t think we will see the 16.80 or 15.90 we witnessed three months ago, not anymore,” expressed Gómez.
Gómez highlighted that recent days have seen a stabilization in exchange rate volatility, following last week’s collapse of several global stock markets.
“This situation with the dollar is not due to what’s happening in the United States, but rather what’s going on in Asia. There’s a lot of fluctuation in the Asian markets, and it’s affecting us here,” he added.
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## Additional News on Exchange Rate Developments
### Dollar’s Performance Fluctuates Amid Presidential Election Uncertainty
The dollar’s performance is expected to continue fluctuating until a new president is elected, stated Contreras Valenzuela, an economic analyst. The political climate is contributing significantly to exchange rate instability, affecting consumer confidence and market strategies, especially in border regions.
### Rising Dollar Impacts Foreign Investment
The potential for Donald Trump’s return to the presidency could inhibit foreign investment and result in a stronger dollar, potentially exceeding the 20 pesos mark before the year ends. Many investors are adopting a wait-and-see approach, leading to short-term economic disruptions.
### Exchange Rate Volatility and The Border Economy
Border economies are particularly sensitive to fluctuations in the dollar-peso exchange rate. Consumers are experiencing increased prices for goods and services, directly impacting their purchasing power and overall economic stability in these regions.
Stay updated for more news and updates on economic trends and market forecasts at TJGringo.com.