Puerto Vallarta, Mexico - In a survey conducted by the Bank of Mexico (Banxico) in November, specialists revised upwards their expectations for the peso-dollar exchange rate at the end of this year. The forecast increased from 19.80 to 20.29 pesos per dollar, reflecting a depreciation of 49 centavos.
Analysts also adjusted their outlook for 2025, raising the expected exchange rate from 20.00 pesos per dollar in the October survey to 20.59 in November, an increase of 59 centavos.
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