MXP
The peso is soaring. Good for Mexicans, bad for tourists. Some analysts are saying the exchange rate could go to 18 to 1.
Forum Discussion
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
