But over the whole period shown, nearly 30 years, there has been no persistent tendency for the real exchange rate to rise or fall, and that is true despite the fact that through the first half of the period the exchange rate was essentially pegged to the US dollar (with periodic devaluations) while for the last 13 years the currency has been floating.
In particular, this country is the second most important source of investment from Asia to Mexico, especially in manufacturing, commerce and mining, and it is also a significant trading partner. In this talk, I would like to touch first on structural reforms recently undertaken in Mexico and, second, comment on Mexico’s economic outlook.