# USD/MXN: Mexican peso among the worst performers during 2016 — Octa

> The Mexican peso and Turkish lira were the worst performers of 2016, with USD/MXN up about 20 percent from a year earlier and 40 percent since January 2015. The peso ended the year consolidating above 20.00 per dollar after breaking record levels following the US election.

- Date: 2016-12-30 · published 2016-12-30T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/73689-usd-mxn-mexican-peso-among-the-worst-performers-during-2016-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weak peso keeps dollar-denominated imports of feed grains and ingredients expensive for Mexican buyers, while the Brazilian real's relative strength is a separate factor for South American feed supply.

## Read by commodity

- USDBRL: bearish ▼
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2022-10-28 | [Why did the Brazilian Real and Mexican Peso outperform USD? \| LSEG](https://feedsoft.ai/events/39346-why-did-the-brazilian-real-and-mexican-peso-outperform-usd-lseg.md) | -3.5% | +1.6% |
| USDBRL | 2023-04-11 | [Latam FX Talking: Temporary setback for the Mexican peso \| articles \| ING THINK](https://feedsoft.ai/events/36612-latam-fx-talking-temporary-setback-for-the-mexican-peso-articles-ing-think.md) | -2.7% | -1.8% |
| USDBRL | 2017-01-11 | [Brazil: Dissecting the BRL's outperformance - Rabobank — Octa](https://feedsoft.ai/events/73181-brazil-dissecting-the-brl-s-outperformance-rabobank-octa.md) | +0.8% | -2.1% |
| USDBRL | 2017-08-25 | [USD/BRL heading towards 3.00 in the next months – Danske Bank — Octa](https://feedsoft.ai/events/69656-usd-brl-heading-towards-3-00-in-the-next-months-danske-bank-octa.md) | +0.1% | -0.5% |
| USDBRL | 2020-09-30 | [Latam FX rise as dollar steadies; Mexican peso shines](https://feedsoft.ai/events/51308-latam-fx-rise-as-dollar-steadies-mexican-peso-shines.md) | -2.3% | +1.3% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/397069/

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