Mexican Peso Declines

Good news for Mexico-bound travelers, bad news for most Mexican citizens and investors:

The peso, the worst performer among the world’s most-traded currencies in the past six months, will weaken another 15 percent by year-end as the nation’s twin deficits swell, said Rogelio Ramírez de la O, the economist who predicted the 1994 devaluation.

The peso will slide to 18.2 per dollar

[From The News]