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 ?
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.
The following six trusts trade on the New York Stock Exchange: CurrencyShares(SM) Australian Dollar Trust ("FXA"), CurrencyShares(SM) British Pound Sterling Trust ("FXB"), CurrencyShares(SM) Canadian Dollar Trust ("FXC"), CurrencyShares(SM) Mexican Peso Trust ("FXM"), CurrencyShares(SM) Swedish Krona Trust ("FXS"), and CurrencyShares(SM) Swiss Franc Trust ("FXF").
In constant Mexican Pesos, CEMEX Mexico's net sales were MXP 6.
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.
When the offer expires, CEMEX will determine a single purchase price in Mexican Pesos for appreciation warrants and ADWs.
dollars with the balance primarily denominated in Mexican pesos.
This situation will likely affect 2003 capital and earnings negatively, reporting losses of Mexican pesos (MxP) 379.
At the same time, the three LOCs were replaced by a cash amount in Mexican pesos equivalent to 35% of the principal on the certificates.
NYSE:IMY) (BMV:IMSA) announced today that it has successfully obtained a multi-currency syndicated loan of 960 million Mexican pesos and 70 million U.
NYSE:IMY) (BMV:IMSA) announced today that it has successfully placed an issue of certificados bursatiles (peso bond) for 547 million Mexican pesos.
This insurance policy provides coverage for certain claims for the payment of interest on the notes arising as a result of the inability of the company to convert or transfer Mexican pesos into dollars.