The superpeso makes Mexican exports more expensive

A superpeso does not limit Mexico’s trade with the United States and the world, but it does make manufacturing, automotive and agri-food exports more expensive.

“Although it is true that such a strong exchange rate makes our exports more expensive, the exchange rate is free and in some way it is reflecting the greater need of the United States to buy Mexican goods,” said Mario Correa Martínez, President of the National Committee for Economic Studies of the Mexican Institute of Finance Executives (IMEF).

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