Why isn’t the peso at 37 to the US dollar? A perspective from our CEO
The peso is near record highs against the dollar in what looks like an unbreakable trend. Our CEO rounds up his top columns explaining why — and what's next. The post Why isn’t the peso at 37 to the US dollar? A perspective from our CEO appeared first on Mexico News Daily
The Mexican peso currently trades at 16.86 to the US dollar, a rate that would have been near 37 pesos per dollar if it had maintained its historical pattern of devaluation from 1995 to 2020. This current exchange rate represents a sharp contrast to the peso's recent unpredictable swing, which has caused significant impacts on businesses, governments, and families in Mexico. The CEO of Mexico News Daily, Travis Bembenek, reflects on the peso's erratic behavior and its potential future trajectory in a recent article.
Written by urgent.news from Mexico News Daily's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
