Explain the peso devaluation

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Explain the Peso Devaluation: In August 2008, Mexican Pesos ere trading at $0.10 on the foreign exchange market. By November, they were down to $0.07, a decline of 30%. Explain the fall in the price of a Peso using supply and demand curves. In words, explain the rise in the price of a dollar.

Reference no: EM13994573

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