# The 'super peso' is back with a strong MXN-USD exchange rate

> The Mexican peso strengthened to 16.52 per US dollar on Wednesday morning, its strongest level in more than eight years. The move followed a 0.7% gain from the prior close of 16.64 and a roughly 1.4% gain for the week.

- Date: 2024-03-27 · published 2024-03-27T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/31413-the-super-peso-is-back-with-a-strong-mxn-usd-exchange-rate
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger peso raises the local cost of Mexican imports of US feed grains and soymeal, which can dampen Mexican buying and weigh modestly on US export prices.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- mexiconewsdaily.com: https://mexiconewsdaily.com/business/super-peso-strikes-again-dollar/

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