# Why investors view Mexico as LatAm’s new safe haven | Oxford Economics

> Oxford Economics forecasts the Mexican peso will appreciate 4.9% in 2023 to an average of 19.2 per dollar, a third consecutive year of gains. It says Mexico has become a safe haven for EM investors, though room for further gains may be limited.

- Date: 2023-03-16 · published 2023-03-16T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/37085-why-investors-view-mexico-as-latam-s-new-safe-haven-oxford-economics
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

The forecast of peso strength lowers the local-currency cost of imported feed inputs for Mexican buyers. It is a currency view and does not show a direct supply or demand change for grains.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- oxfordeconomics.com: https://www.oxfordeconomics.com/resource/why-investors-view-mexico-as-latams-new-safe-haven/

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