Mexican Superpeso Starts to Lose the Super: Second Worst Losses in Global Currencies for 2024

Puerto Vallarta, Mexico - The Mexican peso, once lauded as a "superpeso," has faced significant depreciation in 2024, marking a tumultuous year for the national currency. With a 20.6% decline against the US dollar year-to-date, the peso ranks as the second-worst-performing global currency this year, following only the Argentine peso, which has fallen by 24.2%.