Andrés Rodríguez
Mexico City / 03.05.2025 04:55:56
At the end of the six -year period of Andrés Manuel López Obrador, specifically on April 10, 2024, the Mexican peso reached a price of 16 pesos per dollar, promoted by the monetary policy of the Bank of Mexico and the phenomenon of nearshoringwhich attracted foreign investment to the country.
Significant appreciation of weight
In an interview with the economist Paola Miranda, the possibility of the weight returning to that level in the short term was analyzed, although has shown a significant appreciation In recent years.
The economist considers unlikely to quote again in 16 pesos, Due to global uncertainty and internal challengessuch as judicial reform and the reduction of interest rates.
Miranda stressed that interest rates, which reached 11 percent, They made Mexico an attractive market for foreign investorsIn addition, the Nearshoring phenomenon, derived from the commercial war between the United States and China, has favored the installation of companies in Mexican territory.
“The closeness with the United States and our manufacturing capacity have been key to this appreciation of weight,” he said.
Another factor that has contributed is the increase in remittances, which has generated a greater entry of dollars to the Mexican market.
However, Miranda warned that The current panorama is uncertain due to the possibility of a recession global economic and fluctuation in the tariff policies of the United States.
“The Mexican market depends a lot on US tariff decisions, which generates negative and positive peaks in the exchange rate,” he explained.
As for the viability of returning at 16 pesos per dollar, Miranda was clear about its quote.
“I do not see it feasible in the short term, Mexico faces challenges such as judicial reform and political uncertainty, which could discourage foreign investments.”
In addition, the trend of the Bank of Mexico to reduce interest rates to encourage consumption could reduce the attractiveness of the Mexican market.
Regarding the projections for the exchange rate in the remainder of the year, Miranda anticipates constant fluctuation.
“The weight will continue to rise and fall depending on the tariff policies of the United States and other external factors,” he said.
Key strategies to strengthen Mexican currency
Finally, Miranda suggested strategies to strengthen the Mexican currencysuch as maintaining a cautious fiscal policy and taking advantage of the opportunities derived from the commercial war between the United States and China.
“Mexico has the advantage of being an economic ally close to the United States, it is crucial to capitalize on this position to supply its market and strengthen our economy,” he concluded.
