If the Mexican peso is appreciating in a floating exchange rate system, then in world markets, Mexican goods become

Question

Quizplus · Accepted Answer

When the Mexican peso appreciates, it means that the value of the peso increases relative to other currencies. This makes Mexican goods more expensive for buyers using other currencies, as they now have to spend more of their own currency to buy the same amount of Mexican goods.

If the Mexican Peso Is Appreciating in a Floating Exchange