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Mexican Peso Faces Challenges in 2024 as Rate Gap Narrows

In 2023, the Mexican peso emerged as the top-performing currency in Latin America, surging 15% against the dollar, buoyed by the central bank’s robust interest rate of 11.25%. However, a recent Reuters survey of 25 currency strategists indicates potential headwinds for the peso in 2024. The survey, conducted from January 2 to 4, suggests that […]

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Mexican Peso to Record Strong Performance against USD in 2023: Barclays

According to Barclays analysts, the Mexican peso (MXN) might end 2023 at 19.00 vs the US dollar (USD) because of nearshoring advantages, properly funded public finances, and suitable moves by the nation’s central bank. If this forecast is realized, the peso-dollar exchange rate would decline by 4.15% from its present levels. Highlighting factors that could […]

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