Why isn’t the peso at 37 to the US dollar? A perspective from our CEO
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Here is a mindblowing number to think about: If the peso had performed similarly from 2020 to the present as it did in the previous 25 years (from 1995 to 2020), the current exchange rate would be near 37 pesos to the US dollar!
That statistic puts into perspective how incredible the current exchange rate of 16.86 (as of Friday) really is. With the peso back near record highs in what seems like an unbreakable trend, I thought it would be a good time to do a refresher on the topic of the MXN:USD
That statistic puts into perspective how incredible the current exchange rate of 16.86 (as of Friday) really is. With the peso back near record highs in what seems like an unbreakable trend, I thought it would be a good time to do a refresher on the topic of the MXN:USD
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