Puerto Vallarta, Mexico - Mexico's peso sank to its weakest level in over two years on Wednesday, as financial markets reacted to the win of Donald Trump in the U.S. presidential election. The currency dropped sharply in early trading, hitting 20.8038 pesos to the dollar for the first time since August 2022—a decline of more than 3% from its previous close. This marks the peso's most significant tumble since Mexico's own election turmoil last summer.