# USD/MXN: Mexican Peso Drops to Lowest in Nearly Two Years in Stark Reversal - Bloomberg

> The peso fell more than 3% against the dollar in the week to August 21, reaching its weakest level in nearly two years. It is down almost 14% over three months, the worst performance among emerging-market peers. Six-month implied volatility has jumped near its highest in three years.

- Date: 2024-08-21 · published 2024-08-21T12:00:00.000Z
- Category: macro · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/29053-usd-mxn-mexican-peso-drops-to-lowest-in-nearly-two-years-in-stark-reversal
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Currency weakness in Mexico raises the local cost of imported feed grains and meal. Rising volatility also makes import hedging more expensive for buyers.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-08-21/mexico-becomes-traders-nightmare-as-peso-slide-deepens

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.