In July, the Mexican peso declined 2.4% against the U.S. dollar,
closing the month at a spot-market value of $0.0621 (16.10 pesos
per dollar). The currency has now fallen in 10 of the last 11
months, leaving it down some 20.2% from its most recent high in
June 2014. The peso has set multiple record lows in recent
months, and all signs suggest it will continue to weaken.