US Dollar up vs Peso – good for expats, uruguayos not so much

21.40 Uruguay pesos to one US dollar today. Excellent news. Best exchange rate in over a year in terms of people in Uruguay geting paid in US dollars – like me and Lisa Marie Mercer.

The linked article from Subrayado TV News (en español) mentions it is in part due to investor worries about the Euro, so the Dollar is strengthening worldwide. It also points out downsides, in that it could feed inflation in Uruguay, which is already is a problem. But for us estadosunidenses (the correct term for “Americans”, literally USA-ians) in Uruguay, this means more pesos to pay the bills for the same amount of dollars income – for now.

There are downsides beyond just inflation. Continue reading US Dollar up vs Peso – good for expats, uruguayos not so much