What is the historical performance of MXN against USD?

3 answers

• Nov 26, 2021 · 3 years ago
  The historical performance of MXN against USD has been quite volatile. Over the past decade, the exchange rate has experienced significant fluctuations. In 2010, 1 USD was equivalent to around 12 MXN. However, by 2019, the exchange rate had reached approximately 19 MXN per USD. This indicates a depreciation of the Mexican Peso against the US Dollar. It's important to note that exchange rates are influenced by various factors such as economic conditions, interest rates, and geopolitical events.
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• Nov 26, 2021 · 3 years ago
  The performance of MXN against USD can be described as a roller coaster ride. There have been periods of appreciation and depreciation in the exchange rate. For example, in 2017, the Mexican Peso experienced a significant depreciation against the US Dollar due to concerns about trade relations between Mexico and the United States. On the other hand, during periods of economic stability and positive investor sentiment, the Mexican Peso has shown signs of appreciation against the US Dollar. It's crucial to keep track of economic indicators and market trends to understand the historical performance of MXN against USD.
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• Nov 26, 2021 · 3 years ago
  According to historical data, the performance of MXN against USD has been quite volatile. The exchange rate has fluctuated over time, reflecting changes in market conditions and investor sentiment. It's important to note that historical performance does not guarantee future performance. If you're interested in trading MXN against USD, it's advisable to consult with a financial advisor or use a reliable trading platform like BYDFi, which offers real-time exchange rate data and advanced trading tools. Remember, trading involves risks, and it's essential to make informed decisions based on thorough research and analysis.
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