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The Mexican peso is the 16th most traded currency in the world, the third most traded currency from the Americas (after the United States dollar and Canadian dollar), and the most traded currency from Latin America. [5] As of 2 January 2025, the peso's exchange rate was $21.16 per euro, $20.62 per U.S. dollar, and $14.28 per Canadian dollar.
USD/MXN exchange rate Mexico inflation rate 1970-2022. 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.
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
The dollar tumbled by as much as 1.3% at one point, falling particularly hard against the currencies of the United States' largest trading partners, such as the Canadian dollar, the Mexican peso ...
Bets on the Mexican peso or other tariff-exposed emerging market currencies were too risky, said Fidelity International multi-asset manager Becky Qin. ... The dollar is trading near its strongest ...
Meanwhile, the US dollar rose 1.5% against the Mexican peso. Strength in the dollar not only reflected weaker demand for rival currencies but also expectations that the tariffs would increase ...
The peso problem in finance is a problem which arises when "the possibility that some infrequent or unprecedented event may occur affects asset prices". The difficulty or impossibility of predicting such an event creates problems in modeling the economy and financial markets by using the past.
The value of the Mexican peso fell 1.8% against the U.S. dollar. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even ...