According to Commerzbank, the Mexican peso is expected to experience a small decrease in value next year, with the exchange rate being approximately 16.9274 pesos per US dollar.

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Mexico’s still attractive real interest rate outlook supports continued peso strength. Next year, however, the weakening US economy and political risks are likely to weigh on the Peso. Economists at Commerzbank have adjusted their forecast to reflect these risks.

Source: Commerzbank Research

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