For the Mexican peso, there was only just one tale in town in 2016: The U.S. election and Republican prospect Donald Trump. Trump’s rhetoric in unique weighed on the peso, immediately after he declared that he’d construct a wall in between the two international locations if elected.
Markets priced in a Hillary Clinton victory and when the votes rolled in on November nine the peso sank far more than 12 p.c, hitting an all-time small of practically 21 pesos per greenback, right before paring some losses. When the environment has yet to master what the president-elect’s procedures will truly be, the uncertainty in excess of what lies ahead for Mexico carries on to add force on the peso.
12 months on: The peso was down some 19.seventy one p.c against USD, as of December 31, 2016.
Optimum point of 2016: seventeen.seventeen pesos per USD, on April 29, 2016.
Cheapest point of 2016: 20.75 pesos per USD, on December one, 2016.