The rise in value of the Mexican peso relative to the Canadian dollar is a(n)

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An appreciation of the Mexican peso means that it is increasing in value relative to another currency, in this case the Canadian dollar. A depreciation would mean the opposite, a decrease in value. A weakening of the peso implies a loss of strength or value relative to its past performance, rather than compared to another currency. The term "floating" describes a currency that is not fixed to a specific exchange rate or value.

The Rise in Value of the Mexican Peso Relative to the Canadian