Question+17

Question 17 What is the recent history of Mexico's exchange rate? Is it fixed or floating? If it floats, why has it fluctuated in the period it has been observed?

Since 2006, the average exchange rate between the peso and the U.S. dollar has fluctuated between 10.11 MXN to 1 USD and 11.31 MXN to 1 USD until the global economic crisis where the peso dropped to a low of 14.67. The reason the exchange rate has fluctuated is inflation and vorious other factors.

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by Collin