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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 peso, seen as vulnerable to new tariffs Trump plans to impose, is down 4% from its September high. MSCI's gauge for Latin American currencies has slipped over 3% during that period.
The drop in the value of the peso means that already-high inflation will accelerate, making getting to the end of the month even harder for ordinary people.
The Dollar's Recent Drop The dollar index, which compar. ... The dollar especially affects currencies in developing countries like China's yuan and Mexico's peso. A stronger dollar makes it harder ...
The 2018–present Argentine monetary crisis is an ongoing severe devaluation of the Argentine peso, caused by high inflation and steep fall in the perceived value of the currency at the local level as it continually lost purchasing power, along with other domestic and international factors.
The peso is the monetary unit of several Spanish-speaking countries in Latin America, as well as the Philippines. Originating in the Spanish Empire , the word peso translates to "weight". In most countries of the Americas, the symbol commonly known as dollar sign , "$", was originally used as an abbreviation of "pesos" and later adopted by the ...
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.
[266] 12 March was the second time, following 9 March drop, that the 7%-drop circuit breaker was triggered since being implemented in 2013. [236] In Colombia, the peso set an all-time low against the U.S. dollar, when it traded above 4000 pesos for the first time on record.