"Financial Times" of Mexico on March 2 quoted the data of Mexican central and reported that by the influence of international financial market fluctuation and durative downward trend in the United States economy , pesos accelerate the depreciation against the dollar recently. February 27, the exchange rate Mexican peso against the U.S. dollar reached 15.099.It is the first breakthrough in the history of the exchange rate of 15:1. February 2008, the Mexican peso has been accumulated devaluation of 5.7 percent. Since last August 4 th ,the Mexican peso devaluation has reached 52.9 percent,.It is the biggest devaluation currency over the same period in Latin America.
Because the economic situation of The United States has not improved, major banks of Mexico expected that in the next 2-3 weeks the Mexican peso against the U.S. dollar rate will likely continue to rise, reaching 15.1. |