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Mexican Peso

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Mexican Peso
The currency of Mexico. For most of the 20th century, the peso was one of the more stable currencies in the world, and it had not been subject to the hyperinflation that plagued other Latin American countries. However, the 1970s oil crisis resulted in Mexico defaulting on its national debt in 1982; this slowed growth and caused hyperinflation throughout the 1980s. The "new peso," which was introduced in 1993, helped to stabilize the country. Now, the peso is one of the most traded currencies in the world.


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Ramirez de la O expects the Mexican Peso will fall between 12 and 15 percent compared to the dollar from its 13.
M& S MONEY is offering to refund in full Mexican pesos or US dollars purchased from M& S by customers who had booked a trip to Mexico and have now opted not to travel.
Summary: Check out our fundamental and technical outlook on emerging market currencies, including the Mexican peso (MXN), Turkish lira (TRY), South African rand.
 
 
 
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