# Mexican Peso Still Going Strong

> The Mexican peso kept appreciating after Banxico's March 30 decision, closing at 18.08 per dollar. It has gained 2.82% over five days and 7.24% year to date.

- Date: 2023-03-31 · published 2023-03-31T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/37083-mexican-peso-still-going-strong
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Analysts expect the peso to come under pressure once the terminal rate is reached, which would make dollar-denominated feed imports dearer in pesos. The effect on grain markets is small.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- mexicobusiness.news: https://mexicobusiness.news/finance/news/mexican-peso-still-going-strong

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