This week the exchange rate in Mexico broke the floor of 17.50 pesos per dollar. A weakening U.S.
dollar and strong fundamentals of the domestic economy, along with attractive domestic interest rates, are strengthening factors for the currency. The Mexican peso is the currency that has appreciated the most in the region, accumulating an 11% recovery in the same period. It is not unreasonable to anticipate that the rate observed could have been the lowest point of parity in the last quarter of the year.