Mexican Peso Plunges 18% in 2024, Ranks 4th in Global Currency Depreciation

The Mexican peso faced a tumultuous year in 2024, emerging as the fourth most depreciated currency against the US dollar. Only the Argentine peso, Brazilian real, and Turkish lira fared worse. The peso’s value dropped by 18.27% to 20.0342 pesos per dollar from December 29, 2023, to December 20, 2024. Political and economic events significantly […]