US EditionDollar Strength Pushes Mexican Peso to Yearly Low as 2024 Ends
13 Articles
13 Articles
By EFE The Mexican currency depreciated 22.5% against the dollar in 2024, completely reversing the “superpeso” phenomenon, the record appreciation of almost 13% in 2023, given the uncertainty created by Mexico’s judicial reform and Donald Trump’s victory in the United States presidential elections. The exchange rate ended this December 31 at 20.88 Mexican pesos per US dollar, above the level of 17.04 on the first day of the year, January 2, acco…
The Mexican currency depreciated 22.5% against the dollar in 2024, completely reversing the phenomenon of the 'overweight', the record appreciation of almost 13% in 2023, given the uncertainty created by Mexico's judicial reform and the triumph of Donald Trump in the presidential elections of the United States. The exchange rate ended on December 31 at 20.88 Mexican pesos per US dollar, above the level of 17.04 on the first day of the year, on J…
Dollar Strength Pushes Mexican Peso to Yearly Low as 2024 Ends
The Mexican peso ended 2024 on a weak note against the U.S. dollar. Experts and the Bank of Mexico (Banxico) pointed to favorable bets on the American currency as the main cause. Speculative adjustments also played a role ahead of the U.S. administration change. Banxico’s records show the peso closed at 20.8829 units per dollar […]
The currency was listed at 20.7705 per dollar, with a gain of 0.31% compared to the Reuters reference price on Wednesday.
The main currencies of the region were depreciated at a rate of two digits. This is the balance sheet.
The Mexican peso ended 2024 as the fourth most depreciated currency against the dollar , passing from 16.9666 pesos to the dollar on December 29, 2023 to be quoted at 20.8829 pesos to the dollar at the end of December 31 . During the year the Mexican currency had a depreciation of 23.08 per cent . “During 2024, the exchange rate quoted an average of 18.3283 pesos to the dollar, being the largest average quotation since 2022,” said Banco Base. Bo…
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