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| Charts: Bloomberg |
This is the fastest collapse in the currency since Lehman.
This is terrific for tourists and for expats, but it is a hardship for the Mexican people. Prices will be surging and it will make it harder for everyone in the end.
Monday, July 20, 2015
Mexican Peso Plunges To 16/USD - Record Lows
The Mexican Peso has devalued 23.5% in the last 12 months, breaking 16.00/USD for the first time in history today.
This is the fastest collapse in the currency since Lehman.
This is terrific for tourists and for expats, but it is a hardship for the Mexican people. Prices will be surging and it will make it harder for everyone in the end.
This is the fastest collapse in the currency since Lehman.
This is terrific for tourists and for expats, but it is a hardship for the Mexican people. Prices will be surging and it will make it harder for everyone in the end.
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