Global Banking Turmoil Threatens to Topple Mexico’s ‘Super Peso’
- Peso is worst performing emerging-market currency this week
- The slump comes days after currency hit a five-year high
Mexican 500 peso banknotes depicting the image of Benito Juarez, Mexico's former president
Photographer: Cesar Rodriguez/BloombergThis article is for subscribers only.
Just days after the Mexican currency hit a five-year high against the dollar, the era of the so-called super peso may have come to an abrupt end.
The peso is down 5.9% since the banking crisis started on March 9, the worst performing among 23 major emerging-market currencies tracked by Bloomberg over that period.