Mexican Peso Continues To Rise!
The real exchange rate of the Mexican peso reached its highest level since 2014, reflecting the strength of the currency despite the economic recession of recent years. The real exchange rate of the Mexican peso reached its highest level since 2014. Considering the country’s disastrous economic performance in recent years, it is surprising that the currency has outperformed its regional peers.
According to analysts, investors are questioning whether the euro can maintain its superiority.
In recent months, the Chilean peso has outperformed, but the Brazilian real has also attracted a lot of interest. However, the monthly volatility of the Chilean peso, Brazilian real and Colombian peso is 19, while that of the Mexican peso is only 11.5.
Two factors have contributed to the peso’s success: first, currency trading, and second, the four-year government of Andrés Manuel López Obrador, which was stable and at the same time very peaceful.
A third factor is the enormous growth in remittances, which continue to reach new records. While recent economic growth does not appear to have played a significant role in the performance of the Mexican peso, a slowdown in the U.S. this year could plunge Mexico into recession and reduce remittances.
According to analysts, investors are questioning whether the euro can maintain its superiority.
The Mexican Peso Is The Star Among The Region’s Currencies
In recent months, the Chilean peso has outperformed, but the Brazilian real has also attracted a lot of interest. However, the monthly volatility of the Chilean peso, Brazilian real and Colombian peso is 19, while that of the Mexican peso is only 11.5.
Two factors have contributed to the peso’s success: first, currency trading, and second, the four-year government of Andrés Manuel López Obrador, which was stable and at the same time very peaceful.
A third factor is the enormous growth in remittances, which continue to reach new records. While recent economic growth does not appear to have played a significant role in the performance of the Mexican peso, a slowdown in the U.S. this year could plunge Mexico into recession and reduce remittances.
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