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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.
Mexico's electronics industry has grown enormously within the last decade. Mexico has the sixth largest electronics industry in the world after China, United States, Japan, South Korea, and Taiwan. Mexico is the second largest exporter of electronics to the United States, and it exported $71.4 billion worth of electronics in 2011. [139]
Foreign enterprises employed significant numbers of foreign workers, especially in skilled, higher paying positions keeping Mexicans in semi-skilled positions with much lower pay. The foreign workers did not generally know Spanish, so business transactions were done in the foreign industrialists' language.
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.
Mexican officials announced Tuesday what they claimed was $20 billion in new foreign direct investment in Mexico, but much of that was neither new, nor completely certain. Investor confidence in ...
According to Mexico's Central Bank, Mexican residents received $58.5 billion from people residing in the U.S. in 2022. And with so many people sending and receiving money between the two countries,...
Mexico received the largest portion of these remittances, accounting for more than $30 billion USD. [3] making the U.S.-Mexico remittance corridor one of the largest in the world. [3] With the exception of the 2008 global financial crisis, remittances sent from the U.S. have been consistently climbing for the past half century. [4]
As more Chinese money flows into Mexico, the United States and Mexico on Thursday agreed to monitor foreign investments and regularly share information about the screening. The U.S and Mexico ...
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