Puerto Vallarta, Mexico – The Mexican peso experienced a significant drop against the U.S. dollar on the morning of October 30, breaking the 20.15 pesos per dollar barrier and marking its largest loss in nearly three months.
At 6:25 AM local time, the exchange rate peaked at 20.17 pesos per dollar before easing slightly. The dollar was quoted at 20.1551 pesos, indicating a 0.45% depreciation of the Mexican currency compared to the previous day’s close on Tuesday, October 29.
This surge brought the dollar within three cents of its . . .
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