### Currency Exchange Rates in Tijuana
**Tijuana, August 29, 2024** – The dollar stands at a buying rate of approximately $18.40 and a selling rate of around $18.80 pesos on Thursday. It’s important to note that the exchange rate can vary at different locations across the city.
Here are the current exchange rates at various banks:
– **Citibanamex:**
– Buying at $16.51
– Selling at $17.47
– **Banco del Bajío:**
– Buying at $16.60
– Selling at $17.90
– **Banorte:**
– Buying at $15.90
– Selling at $17.35
– **HSBC:**
– Buying at $16.71
– Selling at $17.44
– **BBVA Bancomer:**
– Buying at $19.83
– Selling at $20.73
– **Scotiabank:**
– Buying at $16.71
– Selling at $17.41
– **Inbursa:**
– Buying at $16.30
– Selling at $18.00
– **Santander:**
– Buying at $19.53
– Selling at $21.06
– **Banregio:**
– Buying at $19.20
– Selling at $20.70
– **Banco Azteca:**
– Buying at $20.15
– Selling at $20.89
– **BanCoppel:**
– Buying at $16.50
– Selling at $17.43
### Secondary Article: Impact of Exchange Rates and Economic Factors in Tijuana
#### Rising Living Costs in Tijuana
Living expenses in Tijuana have soared, making it increasingly expensive for residents to cover their daily needs. The cost of the basic food basket has seen significant inflation, far exceeding the reported 5% inflation rate, according to local economists.
#### Effects on Construction Businesses
The fluctuating exchange rates have negatively impacted local construction businesses in Tijuana, leading to increased costs for materials and services. This has resulted in a downturn in the sector, with many companies struggling to stay afloat.
#### Restaurant Closures and Transfers
The restaurant industry in Tijuana has experienced a sharp decline in sales, leading to closures and ownership transfers. The local Chamber of the Restaurant and Food Industry (Canirac) has highlighted that the situation is reaching a critical point due to falling consumer spending.
#### Summer Tourism and Economic Impact
Despite the challenges faced by local businesses, tourism in Tijuana saw a 30% increase during the summer. Events like the Baja Beach Fest contributed to higher hotel occupancy rates and increased patronage at restaurants, boosting the local economy.
#### Decrease in Summer Sales
According to the Tijuana Chamber of Commerce (Canaco Servytur), summer sales this year were down compared to 2023, indicating a decrease in consumer spending and overall economic activity.
#### Expansion of U.S. Consulate Staff
In an effort to expedite visa processing times, the U.S. Consulate in Tijuana plans to increase its staff. Currently, the consulate handles around 2,000 appointments daily.
For more news and updates on the currency exchange rates and economic conditions in Tijuana, make sure to subscribe to our digital edition.
—
**Local Weather Update**
Tijuana starts this Thursday with cloudy skies, which are expected to clear as the day progresses, reaching a maximum temperature of 25°C.
**Community and Governance Matters**
– **Improper Traffic Management**: Auxiliary traffic officers were reported to be taking bribes up to $40 to allow drivers to jump the queue for crossing into the U.S.
– **Teacher Protests**: Teachers blocked the SENTRI lanes at the San Ysidro border crossing, expressing dissatisfaction with union leaders over the agreement to resume classes.
– **Fire Station Relocation**: The future of Fire Station 1 in Tijuana will be determined by the new administration, concerning the acquisition or rental of new land.
Stay informed with TJGringo.com for the latest news and updates on Tijuana and beyond.
—