The general result has been a tendency toward volatility and lower asset prices in many stock, bond and currency markets. In the case of Mexico, the most notable financial impact has been increased instability and substantial depreciation of the Mexican peso against the U.S. dollar.
From the end of August to the end of November 2011, Mexican peso depreciation reached more than 10 percent, a rate that is similar to that experienced by other currencies, such as the New Zealand dollar and the Brazilian real. Against the backdrop of widespread risk aversion, very few currencies other than the U.S. dollar have played the role of safe havens.