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Mexican Peso Posts Strongest Performance in Almost 30 Years Driven by Rates, Remittances

Por: MarketWatch Business December 29, 2023

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The peso traded late Friday at 16.97 to the U.S. dollar, compared with 19.47 a year earlier. It was the peso's sharpest annual gain in percentage terms since the currency was allowed to float in the mid-1990s, Banco Base's Director of Analysis Gabriela Siller said in a report. Among the world's principal currencies only the Colombian peso outperformed the Mexican currency last year, a gain of around 20%, she said. Exports and... + full article



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