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On December 22, the Mexican government allowed the peso to float, after which the peso depreciated another 15%. [6]: 179–180 The value of the Mexican peso depreciated roughly 50% from 3.4 MXN/USD to 7.2, recovering only to 5.8 MXN/USD four months later. Prices in Mexico rose by 24% over the same four months, and total inflation in 1995 was 52%.
USD/MXN exchange rate. Mexican peso crisis in 1994 was an unpegging and devaluation of the peso and happened the same year NAFTA was ratified. [2]The Mexican peso (symbol: $; currency code: MXN; also abbreviated Mex$ to distinguish it from other peso-denominated currencies; referred to as the peso, Mexican peso, or colloquially varo) is the official currency of Mexico.
They are accused of illegally crossing the border from Mexico, officials say. 10 hospitalized after falling off US-Mexico border wall, California officials say Skip to main content
Judges and magistrates joined a strike on Wednesday as protests against a judicial reform pushed by outgoing President Andres Manuel Lopez Obrador gained momentum, weighing on markets with the ...
In Texas and Mexico, shifts in the course of the lower Rio Grande have created numerous bancos. Under the Boundary Treaty of 1970 and earlier treaties, the United States and Mexico have maintained the actual course of the river as the international boundary, but both must approve proposed changes. From 1989 to 2009, there were 128 locations ...
Arrests for illegally crossing the U.S. border from Mexico fell more than 6% in April to the fourth lowest month of the Biden administration, authorities said Wednesday, bucking the usual spring ...
The Mexico–U.S. border stretches from the Pacific Ocean in the west to the Gulf of Mexico in the east. Border states include the Mexican states of Baja California, Sonora, Chihuahua, Coahuila, Nuevo León, and Tamaulipas and the U.S. states of California, Arizona, New Mexico, and Texas. [17]
The Mexico–United States border (Spanish: frontera Estados Unidos–México) is an international border separating Mexico and the United States, extending from the Pacific Ocean in the west to the Gulf of Mexico in the east. The border traverses a variety of terrains, ranging from urban areas to deserts.