And people are switching to other currencies. You can buy stuff with pesos here in Dallas, even pizza.
You do realize the dollar has appreciated in the last 5 years vs the Peso right? And is flat from 1 year ago? Besides the euro currencies, the canadian dollar (which has gone up tremendously due to oil exports) and the brazilian real, the $ hasn’t dropped a tremendous amount in the last 5 years—especially with regards to the Asian currencies.