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It means the peso has lost value against another currency.
For example, in 2001 you needed 9.17 pesos to buy a US dollar. Ten years later, you need 12.38 pesos to buy a US dollar. This means the peso has devalued 3.21 pesos or 35% against the US dollar for the last ten years.
What else can I help you with?
After the devaluation of the peso the Zapatista National Liberation Army began a revolt against the Mexican government?
No. The revolt didn't have anything to do with the peso devaluation, although such event increased the volatility of the currency markets.
What were the results of mexicos foreign debt cisis?
Devaluation of the Mexican peso as well as a fall of the Mexican economy.
Can you trade a 2000 peso banknote for American dollars?
Short answer : No. The Mexican 2000 Peso is not a current issue note (as of Feb 2010). It was last issued between 1985-1989 and following devaluation in 1992 is worthless as a circulated note.
What size bills do Mexican peso come in?
The current issue Banco de Mexico notes are issued in 20, 50, 100, 200, 500 and 1000 Peso. Notes of any higher value pre-date devaluation in 1992.
What does social devaluation mean?
what does social devaluation mean
What effect did the devaluation of coins have on the economy?
The economy increased due to the devaluation of the coins.
What is the meaning of a peso saved is a peso earned?
a peso you get a peso you kept
What is the percentage of a peso?
A peso is 100% of a peso.
What unit of currency does mexico use?
The Mexican currency is the Peso.
What is the value difference between a peso and un peso?
"Un Peso" is Spanish for "One Peso."
How does a country causing a devaluation of its currency lead to an increase in what?
A country causing a devaluation of its currency can lead to an increase in exports.
What is worth more a Philippine peso or a Mexican peso?
A Philippine peso is worth more than a Mexican peso.
