Mexico | Why is the peso "strong"?

At the time of writing this article, the exchange rate is 19.5 pesos per dollar; a remarkable level considering that just last November its value was 21.9 pesos per dollar (an appreciation of more than 10%).

Key points

• Key points:
• Now, is the peso really strong? I think not and that's why the inverted commas in the title.
• In the first place, the peso has not recovered the value it had before the crisis that brought us the pandemic broke out.
• In mid-February 2020, the exchange rate was 18.5 pesos per dollar.
• Furthermore, at the beginning of 2016 it was at 17 pesos per dollar. That is to say that compared to those levels the weight is not “strong”.

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