# USD/MXN ends year testing 19.60, Mexican peso among top performers - Forex Crunch

> The Mexican peso ended 2018 with a loss of less than 1% against the dollar, outperforming most emerging-market currencies. USD/MXN was testing support at 19.60, its lowest level since early November, after four consecutive weekly declines. The year saw currency crises in Argentina and Turkey, sharp losses in crude oil, and a Mexican stock index down more than 15%.

- Date: 2018-12-31 · published 2018-12-31T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/61776-usd-mxn-ends-year-testing-19-60-mexican-peso-among-top-performers-forex-crunch
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A firmer peso into the new year lowers the local cost of imported feed ingredients for Mexican buyers, though the new administration's policies could shift Mexican asset prices in 2019.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2018/12/31/usd-mxn-ends-year-testing-19-60-mexican-peso-among-top-performers/

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