End of the “Super Peso” Era: Mexican Currency Depreciates Amidst External and Internal Pressures

The era of the “super peso,” marked by the record appreciation of the Mexican currency, has come to an abrupt end, as external volatility and internal government reforms create uncertainty in financial markets. The Mexican peso has depreciated by 16% against the U.S. dollar since the day before the June 2 election, signaling a significant shift in the economic landscape.