**Current Exchange Rates in Tijuana**
As of Monday, November 4, 2024, the exchange rate for the US dollar in Tijuana is fluctuating, with the buying rate approximately at $19.03 Mexican pesos and the selling rate ranging up to $19.55 pesos. It’s important to note that exchange rates can vary at different currency exchange booths around the city. Here are the current rates at various banks:
– **Citibanamex:** Buy at $19.19, Sell at $20.32
– **Banco del Bajío:** Buy at $18.90, Sell at $20.50
– **Banorte:** Buy at $18.60, Sell at $20.15
– **HSBC:** Buy at $18.85, Sell at $20.32
– **BBVA Bancomer:** Buy at $18.94, Sell at $20.11
– **Scotiabank:** Buy at $17.00, Sell at $20.80
– **Inbursa:** Buy at $19.20, Sell at $20.20
– **Santander:** Buy at $18.70, Sell at $20.40
– **Banregio:** Buy at $18.30, Sell at $20.30
– **Banco Azteca:** Buy at $18.45, Sell at $20.15
– **BanCoppel:** Buy at $18.87, Sell at $20.35
—
**Economic Outlook and Local Developments**
– In the context of the fluctuating dollar, financial analysts have speculated that if certain political scenarios unfold, such as potential leadership changes in the U.S., the dollar could reach up to 21 pesos.
– The real estate market in Tijuana is gearing up for a potential 10% increase by the first quarter of 2025, according to AMPI Tijuana.
– On the logistical front, over a thousand vehicles in San Diego await importation clearance due to regulatory hurdles, reported the local commerce chamber.
– Education sector upheaval continues as parents and teachers protest for overdue payments and lack of staffing, affecting multiple schools across Tijuana.
– Significant investment in infrastructure is underway with a new desalination plant in Rosarito, anticipated to cost over 12 billion pesos. This plant is expected to supply water to the coastal area for the next 20 years.
– Meanwhile, weather forecasts predict mostly clear skies for the day, with a maximum temperature of 20°C in Tijuana.
– Discussions are ongoing about the municipality’s authority to prohibit concerts featuring performances that glorify crime following legal updates in 2023.
– Public safety statistics indicate that homicides in Tijuana have not decreased in the first nine months of this year, with reports indicating 1,421 incidents.
– Plans are in place to improve public transport by transitioning to larger taxis and creating ten new main routes to meet the city’s demand more effectively.