# Why is the Mexican Peso Getting Stronger in 2023?

> Analysis explains the peso's appreciation since mid-2020, attributing it largely to nearshoring, strong remittances and a healthy fiscal position. The peso has risen nearly 14% against the dollar in 2023.

- Date: 2023-08-31 · published 2023-08-31T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/34795-why-is-the-mexican-peso-getting-stronger-in-2023
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Background currency analysis with limited direct price impact on feed markets; a stronger peso supports Mexican import purchasing power.

## Read by commodity

- USDMXN: neutral

## Sources

- bloomberglinea.com: https://www.bloomberglinea.com/english/why-is-the-mexican-peso-getting-stronger-in-2023/

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