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 ?
The Mexican peso has continued to depreciate against the dollar.
Exchange rate factors: The Mexican peso depreciated 2% year over year against the US dollar, as the exchange rate devalued from an average of Ps.
75 Mexican Pesos, and 373,750,000 CBFIs were issued, including 48,750,000 CBFIs corresponding to the overallotment option.
In constant Mexican Pesos, CEMEX Colombia's net sales were MXP 699 million, up 7% versus fourth quarter 2002.
Holders of appreciation warrants and ADWs who wish to tender their securities are required to specify the price at which they wish to tender, which should be in Mexican Pesos and not greater than MXP 8.
Holders of appreciation warrants and ADWs who wish to tender their securities will be required to specify the price at which they wish to tender, which should be in Mexican Pesos and not greater than MXP 8.
The Company's financial statements reflect total capital losses in the amount of 733,886 thousands of Mexican pesos (approximately U.
When the offer expires, CEMEX will determine a single purchase price in Mexican Pesos for appreciation warrants and ADWs.
BMV: GEOB; CORPGEO MX; OTC: CVGEY), Latin America's leading developer of affordable homes, today announced that on Friday, June 30, it issued a three-year line of credit, of $300 million Mexican pesos, allowing the Company to considerably improved its debt profile.
dollars with the balance primarily denominated in Mexican pesos.
The Company and its subsidiaries have approximately US $347 million total debt outstanding (including interest payable), of which approximately $164 million is denominated in Mexican pesos.
This situation will likely affect 2003 capital and earnings negatively, reporting losses of Mexican pesos (MxP) 379.