Mexican Peso Plummets Amid Trump-Related Uncertainty

January 16, 2025

Ian Hayden Parker

Home » Mexico News » Mexican Peso Plummets Amid Trump-Related Uncertainty

Puerto Vallarta, Mexico - The Mexican peso experienced a sharp decline on Thursday, becoming the most depreciated currency among a basket of major global currencies. The local currency lost ground due to a combination of factors, including a globally strengthening U.S. dollar and heightened market caution ahead of Republican billionaire Donald Trump's upcoming presidential inauguration. The exchange rate closed the day at 20.8187 pesos per dollar, a significant drop of 32.72 cents (1.60%) from Wednesday's...

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