Search results
Results from the WOW.Com Content Network
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.
The founding of the Casa de Moneda de Manila mint in 1857 and the minting of gold 1, 2 and 4 peso coins starting 1861, and; The minting of 50, 20 and 10 centimo silver coins starting 1864. As with Mexican dollars, the Philippine unit was based on silver, unlike the United States and Canada where a gold standard operated. Thus, following the ...
The dollar fell 1.15% against the Canadian dollar to C$1.4319 and dropped 1.4% against the Mexican peso. Trump has threatened tariffs of as much as 10% on global imports and 60% on Chinese goods ...
The greenback has since recouped those losses, leaving the euro trading 0.36% lower at $1.0378, while sterling tumbled 0.4% to $1.2282. Against the Mexican peso, the dollar surged more than 1% to ...
"At the beginning of Trump's speech, the (Mexican peso) exchange rate was at 20.5751...At the end of the speech, it fell to 20.5289 pesos per dollar, which implies an appreciation of 4.6 cents or ...
The Mexican peso crisis was a currency crisis sparked by the Mexican government's sudden devaluation of the peso against the U.S. dollar in December 1994, which became one of the first international financial crises ignited by capital flight. [1]
The Canadian dollar, the Mexican peso and the Chinese yuan all strengthened by 1-1.5%, while the euro rose 1.5%, set for its largest one-day rally against the dollar in well over a year.
In the foreign-currency market, the values of both the Mexican peso and Canadian dollar fell against the U.S. dollar after Trump said he expects to put 25% tariffs on imports from Canada and Mexico starting on Feb. 1.