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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.
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.
Friedman noted the large gap between the interest rate on Mexican bank deposits and the interest rate on comparable US bank deposits. Friedman reasoned that interest differential reflected concern in the market that the peso would be devalued. This was eventually realized in 1976 when the peso, allowed to float, fell 46 percent. [1]
The closely watched black market peso plunged around 8% as people flocked to popular parallel foreign exchange markets to buy dollars after the abrupt exit on Saturday of moderate and long ...
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
The Mexican peso parity decreased under president Enrique Peña Nieto, lost in a single year 19.87% of its value Archived March 29, 2017, at the Wayback Machine reaching an exchange rate of $20.37 per dollar in 2017. Interest rates in 2007 were situated at around 7 percent, [57] having reached a historic low in 2002 below 5 percent. Inflation ...
The gap between the black market peso and the official rate widened to 93.9%, traders said, as savers ditched the local currency in favor of safe-haven U.S. dollars. The official rate, controlled ...
"We had some macro news but somewhat mixed and you know we have a very strong dollar today," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. A report from ...