A round-trip flight to Madrid, Spain, during the second week of August costs around 38,000 pesos, but the same flight in October costs only 24,000 pesos.
How much they cost depends on where you buy them. If you look for them directly with the airline, the prices will be different from what travel agency platforms offer. There, you’ll find a lot of deals, and sometimes you can pay over a few months with no interest.
If you’ve already decided to go across the pond, the next step is to plan what you’re going to buy. This is because of inflation, which is not just a problem in Mexico. Prices are going up all over the world, and in the Eurozone, inflation is at all-time highs.
You may have an advantage in finding the cheapest euro, but you should check the prices of food, lodging, and transportation because they have all gone up in the past few months.
Do you invest?
When making long-term investments, it makes sense to add this currency to your portfolio because you can buy it for less.
But you will have to assume that you won’t get any returns on these investments in the near future because of how the financial markets are moving right now. This is because of things like global inflation, rising interest rates, and geopolitical conflicts.
“You’ll have to take the risk of the next few months, because from what we’ve seen, a recession in the U.S. and Europe is becoming more likely in the next year,” he said.
Jorge Gordillo, who is in charge of economic and stock market analysis at CI Banco, said that the European Central Bank is likely to raise its interest rate, which will affect the euro.
It is anticipated that the euro will continue to move in a downward trend.
