Story Created:
Jan 5, 2013 at 12:06 AM CDT
Story Updated:
Jan 5, 2013
As the deal to avert the fiscal cliff ended stock markets around the world rose which was great news for our neighbors across the border.
As the peso strengthens against the U.S. Dollar people traveling to Mexico hope the economy will change for the better.
Locally people that live in Mexico aren't aware of the jump the peso has made and even then most don't think it will last.
In Mexico the stock index rose more than one percent at the news law makers made in Washington, but locally most that travel across the border haven't seemed to notice.
"I think that it doesn't matter that that it got better by one percent the economy is always going up and down I haven't seen a difference."
The money exchange business downtown are everywhere along I-35, a worker says business has been the same and will probably remain the same.
Theres always an influx of pesos exchanged for dollars.
"It's gonna effect us very little the rates fluctuate all the time and in Mexico things are harder."
Before the deal the rate was about 13 pesos per dollar.
Mexico's stock index ended the year up almost 18 percent, largely because of the improving U.S. Economy.
Yet some think the slight improvement doesn't make a difference.
"Well the people that have dollars the peso is good but if you come from Mexico its not the same the other way around."
And with an improving economy in Mexico most of the people we talked to say it makes little difference.
