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.
References in periodicals archive ?
Is it the time to go long Mexican peso bonds or forwards?
As far as the Mexican peso is concerned, the strong exposure to the US is highly supportive at a time when the US economy is gaining upward momentum," says Childe-Freeman.
We are proceeding in the wrong direction, and the recent devaluation of the Mexican peso will just hasten the increase in a U.
While the Mexican peso crisis has raised legitimate questions about Mexican economic policies before and during the events of December 1994 and January 1995, its propagation through international financial markets has also pointed to broader questions about the international institutional and financial environment.
Continuing economic and financial problems in Mexico, which resulted in further depreciation on balance of the Mexican peso against the dollar, also seemed to add to negative sentiment toward the dollar because the process of adjustment in the Mexican economy to the lower value of the peso was viewed as implying reduced imports from and increased exports to the United States.
Summary: Check out our fundamental and technical outlook on emerging market currencies, including the Mexican peso (MXN), Turkish lira (TRY), South African rand.
At the time, Argentine businesses were still reeling from the impact the Mexican peso crisis had on consumer spending.
87, mainly due to the foreign exchange loss resulting from the depreciation of the Mexican peso against the U.
dollars equivalent to the applicable Mexican peso price in accordance with the offer documents based on the U.