Relatively high interest rates, close proximity to the U.S., and vast petroleum reserves are all factors that contribute to the liquidity of the Mexican peso.
Below is a table showing 365 days of historical exchange rates data for the year of 2023, covering the Mexican Peso (MXN) to US Dollar (USD) conversion. Converting Mexican Peso (MXN) to US ...
There was a defensive rally in the dollar, and it was the commodity currencies -- the Australian and New Zealand dollars -- that were hit hard, as well as the Mexican peso and Canadian dollar. The ...