The Mexican Peso: 3 Questions to Understand Why It Has Appreciated So Much Against the Dollar This Year

  • Cecilia Baria
  • BBC News World

image source, Getty Images

The so-called “superweight” benefits Mexico.

Which is that the Mexican peso appreciated against the US dollar in 2022, hitting its best level in just over two years against the dollar.

This is happening to the point that interest rates in both countries have been rising at different speeds.

So far this year, the peso has appreciated 4.3% against the dollar, a jump that has prompted Mexicans to talk about “sorweight “.

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