History

Nolan Johnson

16 December, 14:28

The graph shows the value of the Mexican peso over a twenty-year period. A line graph titled Value of the Mexican Peso, 1993 to 2013 is shown. The x axis shows years, from 1993 to 2013, and the y axis shows U S Dollars per Peso, from 0 to. 35. The line starts at. 32 in 1993, decreases sharply to. 11 in 1999, then decreases slowly, to. 10 in 2002,.09 in 2004,.09 in 2007,.07 in 2009 to 2013. Which explains why the value of the peso has dropped significantly since the early 1990s? a global recession in the 1990s followed by a banking crisis in 2008 a banking crisis in the 1990s followed by a global recession in 2008 a series of UN sanctions in the 1990s followed by a drought in 2008 a series of natural disasters in the 1990s followed by a civil war in 2008