# Prospects are good for the peso in 2023, Barclays reports

> Barclays analysts forecast the Mexican peso could appreciate about 4% against the U.S. dollar by end-2023, reaching around 19 per dollar from roughly 19.83. They cited fiscal austerity, nearshoring and interest rate differentials as support. The bank's outlook differs from Moody's Analytics.

- Date: 2022-10-31 · published 2022-10-31T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/39341-prospects-are-good-for-the-peso-in-2023-barclays-reports
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger peso lowers the peso cost of US feed and grain imports for Mexican buyers, while the currency view has limited direct effect on US futures prices.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- mexiconewsdaily.com: https://mexiconewsdaily.com/news/prospects-good-peso-2023-barclays/

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