Editing Mexican peso (section)

==== Subsequent exchange rates ====
*Following the revaluation in 1993, the official exchange rate was MXN$3 against the [[U.S. dollar]].
*After the [[Mexican peso crisis]] of December 1994, the peso sharply depreciated from MXN$3.4 to MXN$7.2 in 1995.
*It then traded between MXN$8 and MXN$11 from 1998 to 2008, briefly depreciated to MXN$15.56 in March 2009 due to the [[2008 financial crisis]], but then settled between MXN$12 and MXN$14 from 2009 to 2014.
*The peso then depreciated from MXN$14.78 in 2014 to MXN$17 in 2015.
*From 2016 to 2019, it traded between MXN$18 and MXN$20.
*Amidst the [[COVID-19 pandemic]], the peso depreciated to its all-time low of MXN$25 per dollar.  
*From 2020 to 2024, it appreciated by over 30%, becoming one of the best performing currencies in the world.  In April 2024, the peso reached a near nine-year high of MXN$16.26 per dollar.  This was mostly attributed to the growth of "near-shoring" strategies, growing foreign investment, as well as the strict monetary policy adopted by the [[Bank of Mexico]] in attempts to curb inflation following the COVID pandemic and the [[Russian Invasion of Ukraine]].<ref>{{Cite web |title=US Dollar Peso Exchange Rate (USD MXN) - Historical Chart |url=https://www.macrotrends.net/2559/us-dollar-mexican-peso-exchange-rate-historical-chart |url-status=live |archive-url=https://web.archive.org/web/20211120214732/https://www.macrotrends.net/2559/us-dollar-mexican-peso-exchange-rate-historical-chart |archive-date=2021-11-20 |access-date=2021-11-20}}</ref><ref>{{Cite news |date=7 March 2023 |title=Mexico's peso hits five-year high on interest rates and US benefits |url=https://www.ft.com/content/45185d78-3f90-4404-a721-55945c4a6841 |url-status=live |archive-url=https://web.archive.org/web/20230308130253/https://www.ft.com/content/45185d78-3f90-4404-a721-55945c4a6841 |archive-date=8 March 2023 |access-date=8 March 2023 |newspaper=Financial Times}}</ref>
*Soon after the [[2024 Mexican general election|Mexican general elections]] in June 2024, the peso sharply depreciated to over MXN$18.  It continued to lose value throughout the remainder of the year, and is currently trading between MXN$19 and MXN$20.