The Mexican weight step back on the last day the last day of contributions of this February 4. He US dollar It was paid to 20.52 pesoswhich meant a 0.89% change with respect to the quotation start, when it marked 20.34 pesos per green ticket; In the last year it maintains an increase in 20.97 percent.
While the one -month pause in the tariff A depreciation of almost 20 cents.
On the other hand, commercial tensions between Mexico, USA and Canada They could be intensified in the coming months, as warned Alejandra MarcosAnalyst of the Financial Group Intercam. In a recent analysis, the specialist said that new episodes of volatility derived from threats around the review of the review of the review of the Treaty between Mexico, the United States and Canada (T-MEC). This scenario is aggravated by the study ordered by the former US president Donald Trump On January 20, focused on the commercial deficits of your country.
According to the analysis of IntercamRecent events suggest that the imposition of rates could be maintained as a punitive tool in commercial relations between the three countries. Marcos stressed that the tensions arising during the weekend reinforce this possibility, which generates uncertainty about the future of the commercial agreement and its implications for the economies of the region.
The weight-dollar ratio during 2024 was marked by contrasts. The year began with the Mexican currency strengthened before the American currency. The green ticket was sold at 16 pesos per unit, something that did not happen in almost a decade. The “super weight” nickname was more suitable than ever.
However, as progressing the weight was depreciated due, mainly, to political decisions, such as the controversial reform of the Judiciary and the elimination of autonomous organs.
The setback of the Aztec currency worsened with the campaign of Donald Trumphis electoral victory as president of the United States and his threats to put tariffs on all Mexican products – and Canadians – if Mexico did not improve border security.
It was so that the dollar returned at 20 pesos, leaving far from the forecasts of the Bank of Mexico (Banxico).
By 2025, Banxico He hopes that the dollar cite on an average that goes from 20.24 pesos and up to 20.69 pesos, a conservative forecast considering the repercussions that Trump’s sayings and policies in the White House would bring for the type of changes.
In this year, Banxico forecasts that inflation will be below the four points to 3.8 percent. As for the growth of the Gross Domestic Product (GDP), the low forecasts are maintained. The Central Bank awaits a GDP rise of just 1.2%.
The Mexican peso is the legal tender of Mexico and it is the first currency in the world that used the $ sign, which was later resumed by the United States for the dollar.
MXN abbreviation is currently used to talk about Mexican weight, but before 1993 the MXP acronym were used.
The coins that are normally used in Mexico have a semicircular form and have the national shield to the reverse. A Mexican weight equals 100 cents. There are coins of 1, 5, 10 and 20 pesos; while in tickets there are 20, 50, 100, 200, 500 and 1,000 pesos.
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