Daniel Powell 7 a.m., July 26
Mexican peso ending year on high note
Peso making progress against U.S. dollar as 2012 ends
The Mexican peso made a strong comeback against the United States dollar after seeing all time lows in June of 2012. According to a December 31st report by the Wall Street Journal, the bank of Mexico’s final reference price for the peso against the U.S. dollar is at MXN 12.8704.
2011 closed at 13.9725 pesos per U.S. dollar and by mid 2012 had weakened to 14.46.
According to Bloomberg News, Mexico’s 8.4% peso appreciation against the dollar is the highest for any major international currency in 2012.
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