Are there some experts in monetary policies here?
Our currency (Mexican peso) hasn’t been getting destroyed compared to the dollar as opposed to those countries in the graph, I wonder why that may be?
Very well could be a part of the dollar milkshake theory. It’s something to look into. Idk how reliant Mexico is on the dollar. What industries they import and export to/from plays an important role.
Thanks for the suggestion, I’ve looked into it, and it sure looks like the theory is being tested right now.
As for how reliant we are on the dollar: Extremely. The US is our main trading partner by far and as most countries we export more than we import, in 2021 it was $385 Billions worth of exports and $276 Billion on imports according to this.
Our biggest exports are: Cars, computers, unrefined oil, agriculture products, and machinery/parts.
And imports: Oil derivatives, cars, computers/electronics, machinery/parts.
Are there some experts in monetary policies here?
Our currency (Mexican peso) hasn’t been getting destroyed compared to the dollar as opposed to those countries in the graph, I wonder why that may be?
Very well could be a part of the dollar milkshake theory. It’s something to look into. Idk how reliant Mexico is on the dollar. What industries they import and export to/from plays an important role.
Thanks for the suggestion, I’ve looked into it, and it sure looks like the theory is being tested right now.
As for how reliant we are on the dollar: Extremely. The US is our main trading partner by far and as most countries we export more than we import, in 2021 it was $385 Billions worth of exports and $276 Billion on imports according to this.
Our biggest exports are: Cars, computers, unrefined oil, agriculture products, and machinery/parts.
And imports: Oil derivatives, cars, computers/electronics, machinery/parts.