In a new set of developments, the US dollar is losing its purchasing power to a new contender. The Mexican peso is now rising rapidly in terms of valuation, challenging the USD in a novel manner.
The US dollar has depreciated significantly in the last two decades. Per historical statistics, the USD’s purchasing power has decreased by 90% since its inception, driving its value to hit new valuation lows.
Also Read: Currency: What’s Happening With the US Dollar and Mexican Peso?
Mexican Peso: The New King?
Source: bergerpaints.com
The US dollar is weakening amid rising inflationary pressure and mounting debt ratio metrics. Amidst the chaos, the calls for de-dollarization have been further intensified, giving regional currencies a chance to rise above the occasion.
Capitalizing on the current USD prospects, the Mexican peso is now rising in value, giving stiff…
