Posted on 4th Aug 2023
The Mexican peso, which had been riding a wave of growth in recent months, is now encountering headwinds as a result of the turmoil on the world markets. This week, the currency fell sharply by 4% against the US dollar, outperforming other significant currencies in the region including the Colombian...
Posted on 25th Jul 2023
Latin American currencies showcased a mixed performance on Monday, with several countries celebrating gains while Argentina's peso faced headwinds. The region's currency markets experienced heightened volatility as traders eagerly awaited central bank decisions from economic powerhouses such as Japa...
Posted on 19th Jul 2023
MEXICO CITY- The Mexican peso started the week last Wednesday at its highest level since 2015, closing at 16.85 units per US dollar, a manifestation of the "superpeso" phenomenon. "The peso continues to strengthen, and wages are becoming more attainable. The exchange rate is at 16.85 to the dolla...
Posted on 12th Jul 2023
De-dollarization is the process by which a nation tries to reduce its reliance on the dollar, whether it be through diversifying its reserves away from the dollar by utilizing gold, the Chinese yuan, or bitcoin, or by using a different currency to settle international trade. It doesn't necessarily f...
Posted on 10th Jul 2023
For the first time since December 2015, currency exchange houses are offering less than 17 pesos for every dollar. Bloomberg estimates that since the start of this year, the value of the American dollar relative to the Mexican Peso has decreased by around 10%. Amanda Perez, a San Diego resident...
The global economy has been recovering, even though projections for 2023 point to a slowing of growth rates compared to the previous year. Global inflation...
MEXICO CITY- The Mexican peso started the week last Wednesday at its highest level since 2015, closing at 16.85 units per US dollar, a manifestation of...
After reaching its highest level against the US dollar in over eight years on Wednesday, the Mexican peso fell on Thursday morning. According to Bloomberg,...
Latin American currencies showcased a mixed performance on Monday, with several countries celebrating gains while Argentina's peso faced headwinds. The region's currency markets experienced heightened...
The Mexican peso, which had been riding a wave of growth in recent months, is now encountering headwinds as a result of the turmoil on...