The Mexican peso was trading higher at 21.02 against the USD, remaining near a six-month high touched in the previous session after the country’s central bank announced that it has extended measures designed to strengthen credit channels and provide liquidity in the financial system. Banxico said liquidity facilities will be extended until the end of February 2021, while a government securities repurchase window is being increased by a further MXN 50 billion.
Historically, the Mexican Peso reached an all time high of 25.78 in April of 2020. Mexican Peso - data, forecasts, historical chart - was last updated on September of 2020.
The Mexican Peso is expected to trade at 21.24 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 21.70 in 12 months time.