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 IPCC Mexican stock index has fallen 6.8% in the same period, while the Mexican peso has weakened nearly 10%.
The implication is that choice of currency does not affect the ratios since all financial statement elements were translated from constant Mexican pesos to U.S.
M& S travel money customers can take their unused Mexican pesos or US dollars into any of the 116 M& S bureau de change until close of business on Friday and exchange for the full amount of sterling that they paid for the currency.
dollars, the risk being that the manufacturer may receive less in Mexican pesos than originally anticipated at the time of the quotation.
Austrian schillings Italian lire Belgian francs Japanese yen Canadian dollars Mexican pesos Danish kroner Netherlands guilders Pounds sterling Norwegian kroner French francs Swedish kronor German marks Swiss franes
How General Emilio Aguinaldo, the first president of the Philippines, agreed to an exile in Hong Kong on December 27, 1897 in exchange for 400,000 Mexican pesos from the Spanish government and how he organized a revolutionary government, later known as the 'Hong Kong junta' were the subjects of a recent public lecture.
The International Cebures are denominated and payable only in Mexican pesos and formed a portion of a larger offering by CFE of Cebures to the public in Mexico, which was registered with the Comisin Nacional Bancaria y de Valores (the Mexican SEC).
The revenues in Spanish pesetas, and later euros, compensated the losses in devaluated Mexican pesos. Through its global expansion, Cemex was also hunting for access to cheaper financing.
It is speculated make its debut in Mexico (via network carrier, Telcel) in May with a price tag between 2,999 Mexican Pesos (a[sup.1]13,880) and 13,199 Mexican Pesos (a[sup.1]14,800).
The Mexican Federal Competition Commission authorized the operation that allows Delta Air Lines to underwrite and purchase 30,182,855 shares of stock equivalent to 4.17% of Grupo Aeromexico's capital stock, paying the $31 Mexican pesos per share Grupo Aeromexico offered in its IPO.
The company last issued debt denominated in Mexican pesos in June 2009 when it sold MXN10bn of notes.