ABC-7 saw several currency exchange shops in Juarez displaying conversion rates on signs outside. If you are looking to trade in dollars, the current value is around 16.50 Mexican pesos per dollar ...

Now, however, the value of the Mexican peso has sharply appreciated. Amid the early days of the pandemic, a dollar fetched an all-time high of around 25 pesos, and just a year ago it fetched 20.

When the peso’s value appreciates, that discourages exports — because Mexican goods cost more than they used to — and increases the demand for imports, which are now less costly.