When exploring foreign sites for manufacturing expansion, the local currency exchange rate can be an important factor. Just how far will your dollar go when buying goods and services to support your manufacturing operation? In Mexico, not only will you realize labor, transportation, logistics and real estate cost savings, but your purchasing power using the dollar is advantageous.
We at CPI are always looking at every way a manufacturer can save money by operating in Mexico and that includes the US Mexico exchange rate. The US Dollar to Mexican peso exchange rate has highly favored foreign companies operating in the region. For an in depth look at just how much you can save, click here to read our interview with a currency specialist and find out the cost savings benefits for manufacturers.