MXP

The peso will probably stabilize at 1.00 USD to 18.00 Pesos (hopefully), for many years it was stable at 1.00 USD to 12.50 MX pesos, until the fiasco of the devaluation of the early eighties and from then on it has been a roller coaster.

navegator

moisheh wrote:
The cheer for a strong peso is not good for the nation. It discourages foreign investment and thus affects employment. Currency values are very complicated but stability is most important.

It sure does, thinking about import/export of goods and services, industrial and commercial property owners hedge on that, but investors become hestitant because they aren't sure what will happen next with the peso.

Lots of good but can bring a lot bad with it.

The cheer for a strong peso is not good for the nation. It discourages foreign investment and thus affects employment. Currency values are very complicated but stability is most important.

Moisheh wrote:
The peso is soaring

....the past 8 months has been anomalous for the MXN (and, an exact price correlation~trend with the USD~CAD, too). Unfortunately, MXN took a major hit between the 18th of February, and the 23rd March, this due to a huge flight from/out of riskier currencies....because of you know what.

*USD~MXN has been steadily favoring MXN from around ~ 12th May to today. The MXN will come back to normal (read: pre-Covid days of 18.60 ~ 19.ish) at this trend and probably stabilize by appx March-ish of next year.

*this is my opinion only; do not use this as trading advice

You are so right, it all depends upon which side you are looking at.

It's really nice to see the Peso gain value. We just finished an almost 8 month HUGE construction project, and fortunately for us the US dollar was strong.

Honestly, even though it would have cost us more, it would have been very nice to see it go in the other direction.

Let's hear it for a strong Peso!!!

What’s good for Mexico is good for us.