2017 Increase To Daily Minimum Wage for Mexico

On December 1, 2016, the Mexican National Commission on Minimum Wages (Comisión Nacional de los Salarios Mínimos or CONASAMI) issued a resolution effecting an increase in the Daily General Minimum Wage (DGMW) applicable for Mexico in 2017. Please bear in mind that for the remainder of 2016, the DGMW will continue to be $73.04 Mexican pesos [approximately $3.54 United States dollars (USD)].

Prior to determining the annual increase to the 2017 DGMW for all legal effects, the CONASAMI increased the current 2016 DGMW by Mex$4.00, as an "Independent Recovery Amount" that made the new DGMW for 2017, equal to Mex$77.04 (approximately $3.74 USD). The reason behind this "recovery increase" was to adjust for 2016 global economic and political events, which importantly affected the currency exchange rate between Mexican pesos and USDs.