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Changes In The Mexican Peso

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Changes In The Mexican Peso
After twenty-one years, Mexico continues fighting to recover their position against dollar. At 16.86 MXN/USD in 2015, the Mexican peso has lost roughly 21% of it is value against the dollar within a year. Fortunately, some changes in the monetary and fiscal policies had good impacts creating big changes positioning inflation around 5%, and current-account deficit is around 1.4% of GDP. However, the actual president Enrique Peña Nieto has created a bundle of energetic reforms that are an expected driver to growth the economy during 2016 through foreign investment within the oil industry, but due to a falling in the oil prices these strategies are losing interest from the private sector. On the other hand, a stronger dollar is good for Mexico

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