“Although not quite that dramatic, the past few months have been something of a wild ride for the Mexican peso. After reaching a nine-year strong point of 16.3 pesos to the US dollar in April of this year, the peso is now hovering around 20. It’s been a rapid weakening that has caught some by surprise after a few years of steady appreciation. So where does the peso go from here? And what should we keep an eye on?”
Travis Bembenek, CEO
The Mexican peso has had a volatile few months and weakened to over 20 to the US dollar this week. Travis Bembenek considers what’s coming next.
After dipping to over 20 to the US dollar on Tuesday, the peso is once again appreciating.
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The peso pushed above 20 again on Tuesday as rumors of a “traitor” emerged, suggesting the reform will pass in the Senate.
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