Puerto Vallarta, Mexico - The Mexican peso experienced a significant depreciation on Wednesday, January 8, following threats from U.S. President-elect Donald Trump regarding tariffs on Mexican exports. As a result, the exchange rate climbed to 20.46 pesos per dollar, marking a 0.67 percent drop in value, Bloomberg reported. This represents an increase of 17 cents compared to Tuesday’s closing rate of 20.29 pesos per dollar.